A will is one of the most important and basic estate planning documents for many people. It makes a lot of sense to create a will if you own any property or are concerned with making sure you have named a party for any minor children to be cared for after you pass away. Myths… Read More »
Posts Categorized: Wills
Will vs. Living Will vs. Health Care Proxy: What to Know in MA
When you meet with a qualified Massachusetts estate planning lawyer, you will discuss many documents and tools that can help you to accomplish your estate planning goals. The support of an attorney helps you walk through this process and understand which strategies and planning opportunities are most appropriate for your individual situation. Living Will A… Read More »
Use Your Will To Name And Provide For Minor Children
You cannot simply leave assets behind to minor children and beneficiaries. This is because some beneficiaries, like children younger than 18, are considered too young to inherit. Making a Will This is why you need to use one of the most basic estate planning tools known as a will to help you accomplish your goals… Read More »
Should You Serve as the Personal Representative of Someone’s Will?
It can raise a lot of questions when a family member or friend invites you to be the personal representative of their will. They may assume that you are responsible, organized and capable of handling the fiduciary responsibility of managing their estate. This is an honor, but this is also a great deal of work…. Read More »
How Often Should You Review Your Will and Power of Attorney?
Most people think of estate planning as something that simply must be done. But the truth is that it’s an activity that starts with an initial meeting with an estate planning attorney and should be evaluated every couple of years along with other major life events. If you let your estate plan sit for years… Read More »
Why Is a Residuary Clause So Important?
In crafting your will, you probably sat down to make a comprehensive list of all of your assets and liabilities. This is so that you can create a specific bequest to your loved ones so that they receive the items you promised to them or that you intend for them to have. But a common… Read More »
At What Age Should I Create a Will?
This common question is one that comes up because most people wait until they are much older to create a will. But creating a will now can help you and your loved ones in the event that the worst happens. No one wants to contemplate their own mortality but any person aged 18 or older… Read More »
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 »
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 to Start Estate Planning with Beneficiaries and a Will
You might have already completed some of the estate planning process without realizing. If you have a retirement savings account or a 401(k), you’ve probably already established a beneficiary designation form. This gives instructions to the company about who is eligible to receive the assets inside this account if something happens to you. Beneficiary designations… Read More »