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May 2015 Archives

Wedding bells, wills and other estate planning documents

When the gifts are all unwrapped and the honeymoon is over, a Massachusetts newlywed couple's life begins. Thinking about how that life could end may not be at the top of the couple's list, but many would argue that it should be. It is important that they execute wills and other estate planning documents in order to provide each other with the peace of mind that if something happens, a plan is in place.

Will a revocable trust help meet estate planning goals?

The old saying, "you can't take it with you," is true. However, that does not mean that Massachusetts residents cannot retain control over with happens to it. For instance, some people may need nothing more than a will to meet their goals, but others will need something else -- such as a revocable trust -- in order to ensure that their assets are protected and distributed in accordance with their wishes.

Estate planning can help pay for long-term care

Health care costs are not the only expenses that continue to rise. The cost of long-term health care is also increasing. Massachusetts residents who include the possibility of needing extended care during estate planning could have the funds available when the time comes.

The basics of the Massachusetts probate process

If you agreed to be the executor of a family member's will, you may not have truly understood what duties you are expected to perform upon his or her death. The Massachusetts probate process requires that certain steps be taken before the estate can be distributed and considered closed. Below are the basic steps that must be taken during the administration of an estate.

Single people also need wills and other estate planning documents

Data gathered over the last few years indicates that more people in the United States are single, and undoubtedly, many of those people are here in Massachusetts. Unmarried individuals may unknowingly face certain challenges when it comes to estate planning that married people do not. Potentially, wills and powers of attorney can be more critical for single people.