When it comes to estate planning basics, many Massachusetts residents may think that having a will can cover their needs. While it is true that wills have a multitude of benefits, there are other planning documents that may also prove just as important. In fact, these...
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Wills
Dividing land, other assets in wills can have complications
Having children often results in parents having to find creative ways to ensure that each child receives his or her fair share. These shares could relate to minor things such as treats or toys to more significant property as the kids grow older. Most often,...
Creating wills can help Massachusetts residents protect family
It is not unusual for individuals, including those in Massachusetts, to have misconceptions about estate planning. They may think that they do not need wills because they are not wealthy, only have a few assets or that they can wait until they are older to create a...
Joint ownership may not mean complete asset protection
When deciding how to attend to estate details, Massachusetts residents have many options they could utilize. Because there are a number of routes parties could follow when creating their estate plans, it may be wise for individuals to ensure that they understand how...
Assessment may help Massachusetts residents complete wills
Deciding to move forward with creating estate plans is a beneficial first step. Massachusetts residents who create wills and other planning documents may feel more at ease when they think about future care and how their affairs will be handled after their deaths. In...
For full asset protection, updating estate plans is necessary
Those in Massachusetts who have taken the time to create estate plans can rest a little easier knowing they have taken a positive step toward protecting their loved ones and their assets. This is not always a simple task to accomplish. However, it is important to...
Don’t wait to do estate planning for family and asset protection
Estate planning is something most people seem to think should be done later in life. Why would a fairly young person need or want to plan for incapacitation or death, right? Well, the truth is that estate planning for family and asset protection is not something that...
Massachusetts estate planning: Why wills matter
The estate planning process is something many people put off doing. It is believed that half of all Americans do not have wills. It is understandable. No one really wants to think about their own death or the death of a spouse or other loved one. However, for those...
Why asset protection matters for entrepreneurs
When going through the estate planning process, one tends to focus purely on protecting personal assets and loved ones. However, for entrepreneurs in Massachusetts and elsewhere, asset protection for one's business is equally important. After all, how business affairs...
Massachusetts wills 101
A will is one of the most foundational documents in the estate planning process. A will is a legal document in which a person designates who will receive one's property when he or she dies.According to Massachusetts law, any person of a sound mind may make a will if...