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July 2016 Archives

Powers of attorney are essential parts of estate planning

Most Massachusetts residents focus on what will happen after their deaths when creating estate plans. However, it is just as important, if not more so in some cases, to plan for what will happen in the event that they are not able to care for themselves at some point. This is where powers of attorney become essential.

Incapacitation and powers of attorney

Estate planning is more than just providing for the distribution of property after death. Powers of attorney are an integral part of an estate plan since they determine who will act on a Massachusetts resident's behalf if he or she becomes incapacitated. Choosing the right people to make these decisions is crucial.

Ensuring that Massachusetts residents' wills are valid

Every Massachusetts resident has the right to determine who will receive his or her assets after death. As part of any estate plan, a will is executed that alerts the court and family members that a plan is in place for the disposition of an individual's property after death. However, if wills are not properly executed, they might not be valid when they are needed.

Knowing how wills in fit into estate planning

The state of Massachusetts provides for the disposition of a resident's property after death in the absence of an estate plan. However, that does not mean that the property left behind will go to the surviving family or friends that the individual would have chosen. This is the primary reason that wills are part of every estate plan.