Dying without a will in Massachusetts places your estate into a process called "intestate" succession. This means that instead of your personal wishes dictating the distribution of your assets, state laws will make those decisions. Many people wrongly believe that the...
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Boston Elder Law Blog
What are the most common sources of stress during probate?
Dealing with the death of a loved one is an emotionally taxing experience. However, on top of the grieving process, many individuals find themselves thrust into the complexities of probate. Understanding the most common sources of stress during this time is one...
4 things to consider with your power of attorney
A comprehensive estate plan should include a power of attorney. It grants someone the authority to make decisions on your behalf if you become incapacitated. When creating a POA, there are several important elements to consider as you protect your interests. 1....
3 benefits of dynasty or generation-skipping trusts
For Massachusetts residents looking to preserve wealth and provide for future generations, dynasty and generation-skipping trusts offer valuable benefits. Understanding the advantages of dynasty and generation-skipping trusts is helpful for estate planning. It can...
Providing for your disabled adult child after your death
When considering the future, parents of disabled adult children face unique challenges in ensuring their well-being. Planning is key to securing a stable and supportive environment for them. With careful consideration, you can pave the way for a more secure future for...
Probate vs. non-probate assets
When a person passes away, heirs and beneficiaries receive their assets through the legal process of probate. However, not all assets must go through this process. Understanding the difference between probate and non-probate assets can help to prepare for the probate...
When and how to update your revocable trust
A revocable trust is a valuable tool in estate planning, allowing you to manage your assets during your lifetime and distribute them according to your wishes after you pass away. However, you need to periodically review and update your trust to ensure it continues to...
Considerations for including pets in wills
Many families consider pets beloved family members. It is no wonder that some owners want to include them in their wills to ensure their care after the owners pass. However, including a pet is not the same as including another person. There are special considerations....
How can conditional gifts in a trust help you and your family?
The concept of conditional gifts in trusts plays a big role. Understanding the dynamics of these gifts can empower individuals to craft a legacy that aligns with their intentions. Conditional gifts in trusts represent a strategic approach to wealth distribution. They...
3 key differences between revocable and irrevocable trusts
When considering estate planning options, trusts are valuable tools for managing assets and providing for loved ones. There are two common types of trusts: revocable and irrevocable trusts. Each has distinct characteristics and benefits. Understanding the key...