Some assets do not pass through a will. This is because every state has intestate succession laws which allow property to be passed on to surviving family members in priority order even when no will exists. Typically only blood relatives and spouses are eligible to inherit under intestate succession laws. This means that charities, friends… Read More »
Posts Categorized: Estate Planning
Which Assets Are Not Subject to Intestate Succession?
Some assets do not pass through a will. This is because every state has intestate succession laws which allow property to be passed on to surviving family members in priority order even when no will exists. Typically only blood relatives and spouses are eligible to inherit under intestate succession laws. This means that charities, friends… Read More »
How Does a Beneficiary Get Money from a Payable on Death Bank Account?
There are many different options when it comes to passing on your estate assets and many people will look for the simplest way to pass on assets to their loved one. In these circumstances a payable on death bank account is one streamlined way to allow a beneficiary in your estate to claim funds quickly…. Read More »
How to Protect a Loved One from Identity Theft After Their Death
Did you know that recently deceased people are very high targets for exploitation after they pass away? This might come as a surprise as a family member or close friend of a deceased person as you are navigating all of the complexities of working through your own grief and potentially even your role in their… Read More »
What Is the Real Financial and Emotional Cost of Caregiving?
Caregiving has become a common topic of conversation among adult children who are now taking care of their elderly loved ones. When someone has had a decline in cognitive or physical ability, the first reaction is often to leverage family members or friends to ensure that this person’s safety is not compromised while still allowing… Read More »
Who Can Become Legal Guardian of an Incapacitated Person in Massachusetts?
Not everyone who wishes to serve in the important role of guardian for an incapacitated person can necessarily become one. This is because in Massachusetts guardians must be appointed by the probate and family court. Guardianship is not automatically applied to the parent of an incapacitated adult. A temporary guardian could be appointed if it… Read More »
Is Your House Protected from a MassHealth Lien or Estate Recovery?
Proper estate planning can help you accomplish multiple different goals within your estate and elder law plan but only when you are clear about what this looks like and have a comprehensive plan crafted by a knowledgeable Massachusetts estate planning lawyer. Being under the impression that just because your house is in a trust it… Read More »
What Is a Dementia Health Care Directive?
Durable powers of attorney for health care are an important component of your estate plan and can be very useful. However, the unique impacts of brain decay associated with dementia can make it all the more important to specifically consider a health care directive for this purpose. Someone who is non-responsive and completely bed ridden,… Read More »
Why You Need to Avoid Last Minute Estate Planning
Most people want to put off any conversations or tasks related to their own immortality or potential incapacity. While this is a natural response for plenty of people, it’s a dangerous one that could leave you or your loved ones at risk of facing unnecessary challenges. Last minute estate planning puts you and your loved… Read More »
Should I Choose an Executor Outside of My Family?
A lot goes into the process of serving as an estate executor in Massachusetts (formally known as a personal representative), so you need to be clear about the person you select to serve in this role and make sure you’ve selected the right individual for the job. There are three primary factors you should be… Read More »