If a couple in Massachusetts files for divorce, they would do well to remember to update their wills or any other estate plans that they may have. Estate planning can take time, and some divorcing couples may be concerned with what may happen if they are incapacitated during the divorce process. Updating these plans as soon as possible can help each individual to maintain control over his or her assets and ensure that he or she has a trusted individual in place to make financial or health care decisions if needed.
Many Massachusetts residents who are creating an estate plan for the first time may be surprised by the number of steps involved or by the variety of options available to them. Some may believe that they only need to be concerned with creating a will, but health care planning can also be very important. Those who have long-term health concerns may be more likely to set up a health care power of attorney because appointing one of these individuals can help to prevent many problems before they begin.
Many people across the country make an effort to plan for their future, including their death. However, as many Massachusetts residents may know, sometimes mistakes are made during estate planning, and even a person's most carefully laid plans can be ineffective. Fortunately, there are ways to correct these mistakes that would otherwise prevent a person's wishes from being carried out as they had intended.
Technology is a major part of nearly everyone's lives today. Many Massachusetts residents have accounts for a variety of different things, ranging from financial accounts to games or social media. For security reasons, most people use different usernames and passwords for each of these accounts, but that can make things difficult when it comes to estate planning.
Estate planning involves more than creating a will Planning for one's own death is a daunting task for many Massachusetts residents, and many are unaware of everything that needs to be done. Some believe that they only need to write a will. However, there are many other things in addition to a will that may need to be considered during the estate planning process.
Planning for the future is, for many, an important part of their adult life. Many Massachusetts residents may have a one-, five- or even ten-year plan that they used as a reference when making important decisions. However, some of these individuals may not have taken into account what will happen if they are incapacitated. Some might have already set up powers of attorney to step in if they should pass away unexpectedly, but it is possible that the person who has been given these responsibilities will be unable to step in unless the benefactor dies.
Retirement for many Massachusetts residents is the ultimate goal, a kind of reward for years of hard work. However, planning for retirement can be difficult and hampered by numerous concerns. Health care planning is often one of those concerns.
These days, it seems as though nearly everything can be done or found on the internet. Estate planning is no exception. There are a number of sites that offer seemingly simple and cheap solutions or step by step instructions for do-it-yourself wills and estate plans. However, important details may be overlooked and corners cut in the search for an easy or cheap solution.
Families all over Massachusetts are affected by dementia or similar ailments. It can be difficult to watch a loved one slowly change into someone unrecognizable. Some who have been given powers of attorney may not be familiar with the ailment in question and could be overwhelmed when they are asked to make important medical decisions that they are not prepared to make. While advance directives, sometimes called living wills, are not legally recognized in the state of Massachusetts they can still help those who have been given powers of attorney to make important medical decisions by providing details about which treatments the patient would prefer to use or avoid.
Many Massachusetts residents over the age of 18 have or will write a last will and testament at some point. However, many might only consider how their finances or belongings will be divided after their passing without considering the possible need for medical care at some point in the future. Advance directives can help to prevent future problems or disagreements later in life when an individual is unable to make medical decisions.