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April 2017 Archives

Creating wills can help Massachusetts residents protect family

It is not unusual for individuals, including those in Massachusetts, to have misconceptions about estate planning. They may think that they do not need wills because they are not wealthy, only have a few assets or that they can wait until they are older to create a plan. However, these notions may not prove true as anyone at any time could need an estate plan. 

Health care planning may avoid unexpected cost burdens

A situation that results in an individual needing long-term care could happen to anyone. This type of incident could result from a serious illness, mental deterioration or serious injury that leads to a person losing the ability to properly care for him or herself. When faced with such circumstances, health care planning could help avoid unexpected costs associated with that care.

Not all Massachusetts residents want to avoid the probate process

The proceedings that surround the administration of an estate can sometimes be met with mixed opinions. Some individuals may think that the probate process should be avoided at all costs, while others believe the proceedings to be a necessary part of settling an estate. Massachusetts residents may wish to find out more information on the process to determine how they want to approach it.

Joint ownership may not mean complete asset protection

When deciding how to attend to estate details, Massachusetts residents have many options they could utilize. Because there are a number of routes parties could follow when creating their estate plans, it may be wise for individuals to ensure that they understand how helpful certain tools are. Without the correct information, some parties could be using an option that is not as beneficial for asset protection as they think.

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