Estate planning is an incredibly vital process for individuals with international assets. It necessitates careful consideration and specialized expertise to ensure their wishes are carried out smoothly across borders. Here’s an overview of how estate planning works when you have international assets: In conclusion, estate planning with international assets requires careful planning, expert guidance, and… Read More »
Posts By Author: Tiffany O'ConnellPage 3
How Do I Start Inventorying My Assets?
Estate planning is a vital part of procuring your financial future and ensuring your assets are distributed according to your wishes. However, to create an effective estate plan, you must take stock of all your assets accurately. Whether you’re just beginning your estate planning journey or updating an existing plan, here’s a helpful guide to… Read More »
How Are Pet Trusts Enforced?
Pet ownership brings immeasurable joy and companionship, and as responsible pet parents, it’s essential to plan for their care even after we can no longer provide for them. In Massachusetts, pet owners have the option to establish a pet trust. This legal arrangement ensures that their beloved companions are cared for according to their wishes…. Read More »
How Do I Get An Elderly Relative Declared Mentally Incompetent?
In Massachusetts, declaring an elderly relative mentally incompetent involves a legal process designed to protect their rights while ensuring their safety and well-being. Here are the steps to follow: Declaring an elderly relative mentally incompetent is a significant step that should only be taken after careful consideration and only if it is in the best… Read More »
What is the Difference Between a Personal Representative and a Power of Attorney
A Personal Representative and a Power of Attorney are both individuals who play significant roles in managing someone’s affairs. However, they serve different purposes and have distinct legal statuses: Personal Representative: Power of Attorney (POA): In summary, a Personal Representative deals with the affairs of a deceased person’s estate, while a Power of Attorney handles… Read More »
How Do I Provide For My Pets If I Die?
In Massachusetts, you can ensure your pet(s) are cared for after your death through various legal mechanisms: By taking proactive steps to provide for your pet(s) in your estate plan, you can make sure they receive the love and care they deserve even after you can no longer provide for them yourself.
What Is The Difference Between A Living Will And A Will in Massachusetts?
In Massachusetts, as in many other jurisdictions, individuals can have the opportunity to plan for their future and the distribution of their assets through legal documents known as a Living Will and a Will. While these documents may sound similar, they serve distinct purposes and address different aspects of an individual’s affairs. What Is a… Read More »
Who Are the Most Important Stakeholders In Your Estate?
If you have not yet crafted estate planning documents, now is the perfect opportunity to meet with an estate planning lawyer to discuss your next steps. There are several different people who may be associated with the management of your estate. This is because powers of attorney, trusts, wills, and advanced healthcare directives all appoint… Read More »
What Happens in Massachusetts if I Die Without a Will and Have No Heirs?
In Massachusetts, if a person passes away without a will (intestate) and has no surviving heirs, the estate may follow a specific legal process. Here’s what typically happens in such a situation: It’s crucial to note that the specific rules and procedures regarding intestate estates without heirs can vary, and legal processes may change over… Read More »
What Is A Life Estate And How Will It Affect My Inheritance In Massachusetts?
A life estate is a legal arrangement that grants an individual, known as the “life tenant,” the right to live in and use a property for the duration of their lifetime or the lifetime of another specified person, called the “remainderman.” In Massachusetts, as in many other states, a life estate can have implications for… Read More »