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October 2018 Archives

Estate planning discussion may help family understand wishes

There are many times in life when families need to have discussions that will not always go easily or as planned. One topic that some Massachusetts families may not easily discuss is estate planning. Adult children may not want to think about their parents' eventual demises, and parents may worry about children will react to their end-of-life wishes. Nonetheless, it is important to have this conversation.

Knowledge and updates can help with asset protection

For some Massachusetts residents, ensuring that their loved ones will be taken care of after their passing is an important goal. Often, this desire means that individuals may need to take part in asset protection. Fortunately, many aspects of estate planning can help parties make sure that they understand their assets and account for various changes.

Executors need to be willing to complete the probate process

People with certain qualities suit particular roles better than others. Because of this fact, it is important to consider an individual's personality and strengths before choosing him or her to take on an important position, like executor of an estate in Massachusetts. The executor will have a considerable amount of responsibility when it comes to the probate process.

Who manages an educational trust?

You have significant assets that you want to leave to your heirs, but you know that everyone in your family is not as prudent about how they spend their money as you are. You worry that they will spend it on things you would never approve of and otherwise waste the money you have been putting aside for your entire life.

Wills may be challenged over testamentary capacity

In many cases, people can put off estate planning until it is too late. Even if a person is still alive, his or her mental capacity may have declined to a point at which sound decisions are no longer possible. As a result, wills created after this point will likely not be considered valid when it comes time to probate Massachusetts estates.

Estate administration involves responsibility and obligations

The loss of a loved one can quickly take its toll on surviving family members. Some parties may want to -- and have the ability to -- put their lives on hold temporarily in order to grieve. Others, however, may not have that chance, especially someone acting as executor attending to estate administration in Massachusetts.

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