It is common for Massachusetts residents and those elsewhere to form attachments to their property. They may want to keep certain assets for sentimental reasons or because they are valuable. In some cases, individuals want to protect their assets for future generations. When it comes to asset protection, having an estate plan is vital.
Being the executor of a Massachusetts estate is a major responsibility. This person will need to proficiently settle the estate's final affairs while also trying to mitigate the potential conflicts that could arise with surviving family members. Often, it is the assets that cause the most contention during estate administration.
Planning for the settling of one's final affairs takes a considerable amount of effort. Massachusetts residents will need to go over several documents, such as wills and trusts, that they may want to use in their estate plans. They will also need to consider including other information in their plans that could make their wishes for various aspects known.
When asked to take on an important role, many Massachusetts residents feel honored. This feeling of honor may especially be present if a loved one asks an individual to play a vital part in making important decisions on his or her behalf. Often, people will appoint family members to make such choices as part of their health care planning.