Understanding Your Elder Law & Estate Planning Options
Drafting Estate Planning Tools To Meet Your Every Need
There are a number of estate planning tools available for you to use for purposes of preserving wealth while minimizing taxes and expenses. However, such tools require careful preparation to serve such a purpose and still remain legally valid. Moreover, it is important that each and every client understands the legal and procedural implications of executing these documents.
At Albanese Law, LLC, we understand the estate planning and probate laws for Massachusetts. Attorney Matthew Albanese concentrates his practice upon estate planning, elder law, mental health law and disability law considerations. For over a decade, he has prepared estate planning tools for individuals in Boston and throughout eastern Massachusetts.
The Estate Planning Tools We Routinely Draft
The estate planning tools at Albanese Law, LLC, we regularly draft include:
- Durable powers of attorney (POA): Such instruments are essential in providing the individuals you most trust with the power to make financial choices for you in the event you are unable to make such choices yourself. Such a document can ensure you can keep your business running and pay the bills for your family when you are unable to do so yourself.
- Legally binding wills and trusts: Wills and trusts allow for you to make clear the terms regarding the handling of your estate and other assets. When drafted correctly, such documents also can help minimize administrative expenses and estate taxes. Such documents allow for you to make determinations as to distribution of the estate, rather than leaving such decisions up to the court. Additionally, a properly drafted estate plan can minimize the risk of a “will contest” and/or a claim filed against your estate.
- Court-appointed guardianships and conservatorships: A suitable guardian and/or conservator can ensure that daily needs and medical decisions are met and help protect and control assets belonging to incapacitated adults and minor children. However, it is important to not delay this type of planning as emergent situations tend to limit options and create unnecessary expenses.
- Health care proxies and living wills: Such documents make your intentions known regarding the sort of care you wish to receive when you no longer have the ability to make your intentions clear. We design such documents to make your intentions known and vest your health care agent with the authority to make these difficult decisions on your behalf.
When preparing such instruments, we will take into consideration your unique circumstances, and carefully draft every provision to make certain your needs and the needs of your family are met.