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August 2014 Archives

What is the purpose of the probate process and how does it work?

Many Massachusetts residents are aware that losing a loved one is difficult. Not only is it necessary to handle the funeral and burial, but any real and personal property owned by the deceased family member will need to be distributed -- hopefully in accordance with a will and/or trust. This distribution and/or transfer of property is the purpose of the probate process, as well as wrapping up any other financial issues of the decedent, including his or her debts.

Conservatorships and guardianships important in estate planning

Most people in Massachusetts are aware of the uses and purposes of estate planning. However, while you may be aware of the need for estate planning, many people think they can put such decisions off until another day or that the process simply involves deciding how one’s assets will be divided. When people actually sit down to create the important documents that will govern their estate in the event of their death or incapacitation, some are surprised by all of the decisions to be made. Many people may need to be aware of issues surrounding conservatorships and guardianships.

Future health care planning essential for Massachusetts residents

Americans are living longer than ever before. In fact, the average age of the population is on the rise, which makes future health care planning essential for everyone, including Massachusetts residents. One source indicates that when an individual reaches the age of 65, the probability of needing long-term care increases to 70 percent.

Preempting family disputes with estate planning

Many people in Massachusetts are aware that Casey Kasem's death was surrounded by controversy, and some say it may be in large part due to his failure to have a proper estate plan. When one party to a second marriage has adult children and marries someone within their children's age range, careful estate planning can help preempt future confrontations. Sitting everyone down and explaining how assets will be distributed in the event of the older spouse's death may put everyone's mind at ease.

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