In the realm of estate administration, the term "ancillary probate" often shows up. However, not many may know what it is. To grasp the significance of this term, it is important to break down its meaning and implications. Defining ancillary probate Ancillary probate...
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Boston Elder Law Blog
Common misconceptions about estate planning for young parents
Estate planning is an important aspect of responsible financial management. However, many young parents harbor misconceptions that can potentially jeopardize their family's future. Navigating these issues can safeguard assets and ensure the well-being of loved ones....
Avoiding estate taxes in Massachusetts
Estate taxes can impact the wealth you worked hard to accumulate over a lifetime, particularly in states like Massachusetts, where estate tax laws can be stringent. However, by employing thoughtful planning strategies, you can minimize the impact of estate taxes and...
How can you reduce family conflict while estate planning?
While putting together your estate planning documents, you may put your interests and wishes first. At the same time, you may wonder how your family members will react to the stipulations in your will and other estate planning documents. Estate planning is an...
3 facts about conservatorship
As your parents age, you might notice things slipping, including their decision-making about their financial and general well-being. Sometimes you need a conservatorship to protect them from potentially serious complications as a result of those decisions....
What should you keep in mind while picking your beneficiaries?
When it comes to planning your estate, you may have questions about the process of choosing beneficiaries. Properly designating beneficiaries ensures that people distribute your assets according to your wishes. This helps your loved ones avoid potential complications...
What are some signs of a manipulative executor?
In the aftermath of a loved one's passing, the process of executing their will can be emotionally taxing. Executors play a pivotal role in carrying out the deceased's final wishes. However, some individuals may exploit this position for personal gain, exhibiting odd...
What types of problems extend probate?
Probate, the legal process of administering a deceased person's estate, often has various challenges that can prolong its duration. These problems can stem from multiple sources. Knowing more about the types of issues that contribute to long probate proceedings can...
Is there an age limit for starting estate planning?
Estate planning is an important financial step that many individuals consider at various stages of their lives. One common misconception is that there is a specific age at which it becomes too late to begin this process. However, the truth is that the complexity of...
Why should young adults have wills and estate plans?
In the hustle and bustle of youth, the thought of creating a will or estate plan may not be in someone's mind. After all, most young adults are more focused on building their careers, exploring the world and enjoying their newfound independence. However, overlooking...