Cryptocurrency, a relatively new asset class, has raised unique estate planning questions, particularly regarding what happens to it after death. In Massachusetts, like in most other states, the distribution of cryptocurrency upon death is governed by traditional estate laws, but cryptocurrency’s decentralized and private nature presents additional complexities. Without proper planning, your digital assets could… Read More »
Monthly Archives: December 2024
The Pros and Cons of Springing Powers of Attorney in Massachusetts
When planning for future incapacity, individuals in Massachusetts often consider different types of powers of attorney (POA) to manage their affairs. One such option is the springing power of attorney. This legal tool activates only upon a specified event, typically the principal’s incapacitation. While springing POAs can offer tailored protection, they come with their own… Read More »
Integrating Veterans Benefits into Estate Planning in Massachusetts
For veterans in Massachusetts, estate planning takes on an additional layer of complexity as they not only prepare for the distribution of their assets but also leverage the unique benefits provided to them by federal and state programs. Veterans benefits, such as disability compensation, healthcare, educational assistance, and housing benefits, can play a significant role… Read More »