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January 2018 Archives

Options for advance directives

Families all over Massachusetts are affected by dementia or similar ailments. It can be difficult to watch a loved one slowly change into someone unrecognizable. Some who have been given powers of attorney may not be familiar with the ailment in question and could be overwhelmed when they are asked to make important medical decisions that they are not prepared to make. While advance directives, sometimes called living wills, are not legally recognized in the state of Massachusetts they can still help those who have been given powers of attorney to make important medical decisions by providing details about which treatments the patient would prefer to use or avoid. 

Updating wills and estate plans

It can be difficult for a person to decide how to divide his or her assets after death, but it can also be comforting to have a plan in place. However, after writing a will, it isn't unusual for some people to put the document away and not look at it again for several years. People living in Massachusetts, or any other state, may wish to dust off their wills and see if revisions are needed. Over the years, laws and tax codes have changed, and wills and estate plans may need to change with them in order to remain effective.

Protect your pooch with a solid pet trust

You adopted your dog later in life, and you know there's a possibility that you could outlive him. While you do have family members that have said they'd take him if you passed away, you want to guarantee that will happen. The last thing you want is for your beloved pet to end up in a shelter or euthanized because of no longer having a home.

The purpose of advance directives

Many Massachusetts residents over the age of 18 have or will write a last will and testament at some point. However, many might only consider how their finances or belongings will be divided after their passing without considering the possible need for medical care at some point in the future. Advance directives can help to prevent future problems or disagreements later in life when an individual is unable to make medical decisions. 

Benefits of a special needs trust

Families with a special needs child are becoming more and more common. Many of these children will receive government benefits when they are older. Some Massachusetts parents may wish to leave a special needs child some kind of inheritance after they pass. However, leaving large amounts of money for these individuals may not be the best course of action. Instead, families may wish to consider setting up a special needs trust.  

Estate planning in the new year

The holidays are over, and people in Massachusetts are looking forward to a new year. At the beginning of the year, many people find themselves planning for the future, and for some, that includes an estate plan or will. Some of these individuals may be considering estate planning for the first time, and there are others who wish to edit an existing estate plan.