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February 2017 Archives

Estate planning may help Massachusetts residents prepare for care

Many Massachusetts residents may not be aware that making end-of-life decisions can cover numerous aspects of a person's life. Rather than simply focusing on asset distribution, individuals may wish to find out how they could utilize estate planning to make plans in the event that they need long term care. Planning for such an event could help avoid unexpected costs and complications later on.

Revocable trust, other options may be of use in Massachuestts

Asset protection is often important to many Massachusetts residents. Because they likely have worked long and hard to obtain their property, money and other assets, it is common for concerns to arise when it comes to the distribution of that property after death. Luckily, creating a revocable trust or other type of trust account could help individuals address their concerns. 

Estate administration complications may hit Fernandez estate

When an individual leaves behind an estate and did not create a will, the surviving family may have many responsibilities. Often, loved ones will want to take steps to ensure that the estate administration process is handled in a manner befitting their late family member. However, without the direct wishes of the deceased being known, issues could arise. 

Estate planning can reduce your loss to estate taxes

One of the most commonly overlooked aspects of estate planning is the impact of estate taxes. Most people with sizable assets understand how critical a last will and estate plan are. Failing to create them during your healthy, younger years could result in the government seizing your estate after you die.

Planning for the probate process may help lessen stress

In the time following the death of a loved one, many Massachusetts residents may have many questions about the estate their loved one left behind. In the best case scenario, the deceased individual will have already created an estate plan for the benefit of surviving loved ones. Additionally, these plans may help those left behind determine whether the estate must go through the probate process

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