Consulting with an experienced estate planning attorney is usually the first step in minimizing the potential for conflict in your estate. A death in the family, unfortunately, does not bring out the best in people. You’ve probably been part of or witnessed the fallout when someone’s estate incites family arguments. If you want to avoid… Read More »
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Do You Need to Tell Your Loved Ones Where Your Estate Planning Documents Are Located?
In the event that you have already done the work of creating your estate planning documents, it’s a good idea at some point to discuss with your children where these documents are stored. Adult children should be prepared to ask where they are located and whether these are easily accessible to the named fiduciaries for… Read More »
Is It A Problem to Appoint A Personal Representative Outside of State?
Today many people move around for various reasons, but there are questions that might be raised in the process of figuring out how to establish a personal representative for your estate plan for someone who lives in a different state. In general, appointing a non-resident as your personal representative should not be an issue. It… Read More »
Why Are Revocable Trusts Some of The Most Flexible Tools in Estate Planning?
There are many different items and strategies you might use inside your financial planning tool kit. Far too many people brush off using revocable trusts because of the perception that trusts are only for the rich and famous. Since so many people do not have a taxable estate under the new federal estate tax exemptions,… Read More »
Do You Have a Decision Maker You Trust? You Need One
One of the most important steps in the estate planning process is deciding who will make financial decisions on your behalf if you can’t. But this process, including power of attorney creation, can be easily overlooked. Most people are familiar with the fact that the estate planning process is used to help distribute your assets… Read More »
What Are the Most Important Estate Planning Triggers?
Certain events in your life should prompt you to update and re-evaluate your existing estate plan. Examples of these are outlined below, although it’s also a good idea to schedule an annual meeting with an estate planning lawyer to make sure your plan is up to date. Getting Married You and your future spouse should… Read More »
Healthcare Proxy What Do I Need?
Looking for help with your Massachusetts estate planning? One of the most commonly-used documents include a healthcare proxy. Healthcare Proxy Basics Your healthcare proxy agent is the person you enable to make decisions on your behalf related to healthcare if you become unable to do so. Remember that you maintain the right to make your… Read More »
Is an Attorney Necessary for Drafting a Living Trust?
A living trust is a document for estate planning purposes that is created and effective during your lifetime. Also known as a revocable living trust, it allows you to manage your own assets. Creating a living trust is often done for the following reasons: It can help you with avoiding probate; It can help maintain… Read More »
Do I Need a Power of Attorney and a Last Will?
If you’ve spoken to any estate planning attorney or started research of your own, there’s a good chance that you’ve uncovered these two basic tools: a power of attorney and a last will. Together, these documents form the foundation for your overall estate plan. However, they do not accomplish the same goals and a comprehensive… Read More »
What Can a Financial Power of Attorney Agent Do?
Your power of attorney is an individual that you choose to make decisions on your behalf and take actions in your stead (your “agent”). It’s up to you as the principal or creator of this document to determine exactly what powers you wish your power of attorney agent to have in Massachusetts. Here are some… Read More »