Managing digital assets has become as crucial as handling physical and financial assets in our increasingly digital world. These assets, from social media accounts to cryptocurrency, need careful consideration in estate planning. Understanding what happens to your digital assets when you die in Massachusetts and how to protect them can ensure your digital legacy is… Read More »
Posts By Author: Tiffany O'ConnellPage 2
What Is Long-Term Care Insurance?
Long-term care insurance (LTCI) is a specialized policy designed to reimburse policyholders a set daily amount for services associated with long-term care services. As individuals age or face chronic illnesses, they may require various types of care that standard health insurance and Medicare do not cover. LTCI can provide financial assistance for these services, offering… Read More »
What If There is No One I Trust With A Health Care Proxy?
When it comes to healthcare decision-making, having a trusted healthcare proxy can provide peace of mind. A healthcare proxy, also known as a medical power of attorney, is a trusted individual designated to make medical decisions on your behalf if you become incapacitated. However, there may be situations where you don’t have a close friend… Read More »
What Happens To My Estate Plan in Massachusetts If I Divorce?
When a marriage ends in divorce, it affects more than just the marital relationship – it also has significant implications for existing estate plans. In Massachusetts, the dissolution of a marriage requires revisiting and revising estate planning documents to align with the new circumstances. Here’s what you need to know about the effect of divorce… Read More »
Do Single People Need An Estate Plan?
When it comes to estate planning, many people assume it’s only necessary for those who are married or have children. However, this misconception can leave single individuals vulnerable and unprepared for the future. Having a comprehensive estate plan is crucial whether you are single by choice, circumstance, or life stage. Here’s why: Control Over Your… Read More »
Do I Have A Legal Responsibility To My Parents In Massachusetts?
While caring for aging parents is often viewed as a moral duty, in some states, legal obligations also come into play. Massachusetts is one of the jurisdictions that has filial responsibility laws on the books, which can require adult children to support their parents financially under certain circumstances. Here’s what you need to know about… Read More »
Are There Things I’m Not Allowed To Include In My Massachusetts Estate Plan?
Estate planning is an indispensable process. It ensures that your assets are allocated according to your wishes after your death. When creating an estate plan, it’s natural to want to account for every eventuality and make sure your wishes are carried out precisely as you intend. However, it’s essential to understand that certain provisions or… Read More »
What Questions Should I Ask When Searching For An Estate Planning Attorney?
By asking these questions, you can gauge an estate planning attorney’s expertise, approach, and compatibility to find the best fit for your needs and goals. Experience and Specialization: Credentials and Education: Approach and Strategy: Communication and Availability: Fees and Billing: Client References and Testimonials: Updates and Reviews: Collaborative Approach: Legal Knowledge and Expertise: Client-Centered Approach:
What Happens If Each Spouse Makes Their Own Estate Plan?
In Massachusetts, when spouses make different estate plans, it can lead to various legal and practical considerations. Here’s what typically happens: In conclusion, when spouses make different estate plans in Massachusetts, it underscores the importance of communication, understanding legal rights, and seeking professional guidance. By addressing any differences proactively and keeping their plans updated, spouses… Read More »
How Do I Fufill My Duties As A Personal Representative in Massachusetts?
Being named the personal representative (also called an executor) of an estate in Massachusetts is both an honor and a responsibility. It means someone has entrusted you with the important task of managing their affairs after they pass away. While it can be daunting, understanding your duties and responsibilities as a personal representative can help… Read More »