Tag: Estate Planning

Dying Without a Will in Massachusetts

What Happens When You Can’t Take It with You? As of 2020, up to 60% of Americans had not created a will. While it may seem like a hassle that can be put off for another day, tomorrow is never guaranteed, and the hassle of dying intestate (without a last testament) is far greater than investing in the peace of mind that a will brings. Without a will, everything and everyone that depends on you—real

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Massachusetts Estate Planning: What to Do When Your Healthcare Proxy Cannot Be Relied Upon

The Best-Laid Plans You did it. You did what so many of your friends and family members have not, what you yourself dragged your feet on for years longer than you should have. You made arrangements for your estate, appointed a healthcare proxy, and relaxed, knowing that your family and doctors will have a clear idea of your wishes even when you are no longer able to communicate those wishes. And then you hit a

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How to put real estate properties in trust so that your heirs can benefit without having to be involved in day-to-day management of your properties.

Considering Real Estate When Estate Planning Real estate can be the key to financial independence for a lifetime. Through collecting rents and investing in your holdings, you may have built a good life for yourself, your family, and your other loved ones. But managing and maintaining properties is a time-consuming task. You know this. At a certain scale property management becomes a full-time job and incompatible with pursuing another career. If it becomes necessary to

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Estate Planning Basics: Comparing Powers of Attorney and Living Wills

No Time Like the Uncertain Present to Prepare for the Certain Future While it is always the time to get your affairs in order, since putting off these important decisions can lead to financial and emotional pain for your survivors, the ongoing COVID-19 pandemic has brought mortality to the forefront of many minds and has brought home the urgency of planning for one’s end-of-life care. In this article, we will review two legal tools available

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5 Key Questions to Answer When Creating Your Will

If you don’t want important decisions to be left up to the state when you’re gone, you need a will. If the idea of creating a will feels like you’re tempting fate, think of it as a road map you’re leaving your family, so they don’t have to stress over making the right decisions on your behalf. First, you need to understand the differences between a living will and a last will and testament, usually

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10 Questions To Help You Create Your Will

Creating a will not at the top of your to-do-list? Maybe it should be! Creating an estate plan is one way to ensure your family is taken care of, and your wishes are carried out in the future. Having a will isn’t just for the uber-rich or elderly. In fact, everyone should have a will regardless of your marital status, age, or the size of one’s estate. When writing out your will, many considerations need

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