After creating your estate plan, you may have found no need or reason to review it. Yet, if you have let yours sit for years, it may no longer reflect your assets, beneficiaries or intentions. Failing to update your plan could create discord among your loved ones once...
Albanese Law, LLC
Intestate succession: An important will planning consideration
A will is a useful estate planning tool for a Massachusetts resident who wishes to clearly identify their assets and the parties they wish to receive it after they pass on. Wills must conform to certain legal requirements, and before an individual prepares a will they...
Estate planning to avoid family conflict
For many people, estate planning is a frightening endeavor. It involves thinking about your own declining health and death, as well as how your family is going to move on without you. Even those who create an estate plan may not realize the real world implications of...
Things to consider before disinheriting a child
Let's say that, for one reason or another, you are not as close to one of your children as the others. Perhaps your current relationship is strained, or you have no relationship at all. Things may have gotten to the point that you are thinking about leaving your adult...
A letter of instruction can give your estate plan context
Thinking about death is hard. Most people avoid it as much as possible. Yet, it's a necessary contemplation if you want to engage in estate planning. While this process is certainly about figuring out how you want your assets to be dispersed upon your passing, there's...
Is it time to change your will?
If it's been several years since you created your estate plan, it may be time to make some changes. Things may be different in your life now, and your priorities may not be the same as when you wrote your will five, 10 or 20 years ago. For example, if you have gotten...
How do conservatorships work?
When a person is having trouble in administering his or her property and assets, it is normal for the court to set up a conservator. Typically, what a conservator does is that he or she has the legal responsibility to manage another person’s affairs, which can be...
State senate approves virtual notarization bill
Governors the country over are issuing stay-at-home orders to combat the spread of the novel coronavirus. These measures have helped slow the contagion but have wreaked havoc on the country’s economy. Lawmakers are currently drafting emergency measures that help...
Estate planning while expecting a child is great timing
This might feel like an especially anxious or busy time, but if you are expecting your first child, you just might look back fondly on these carefree days with a comparatively open calendar. Whether you are looking forward to parenting, or your child or grandchild...
Transferring your business to your children with an estate plan
If you own a family business, you likely know how important it is to plan for the future. You probably already know who to pass the business onto and have a mental checklist for things to do when that time comes. But you might not realize the importance of having all...
