After writing a will, it is critical to store it in a place that is easily accessible to all relevant parties. A copy should remain at home, and the person's attorney should also retain a copy. It feels frustrating when a parent goes through all the...
Helping People Age With Dignity And Peace Of Mind
Month: February 2019
Stress over setting up an estate plan
Estate planning can offer a number of benefits, many of which have been discussed on this blog. For some people, however, creating an estate plan can also result in stress. For example, some people may be unfamiliar with the steps that will need to be taken when...
2 key methods of reducing estate tax
When you work on your Massachusetts estate plan, you may do so with the intention of leaving as much of what you have behind for your family or loved ones as possible, but estate taxes can throw a wrench in the works. Depending on where, exactly, you live, estate...
Differences between heirs and beneficiaries
In Massachusetts state law, there is a distinct difference between heirs and beneficiaries. Though both are involved with the property left behind by a loved one after their passing, the way they are treated by the law isn't the same.Cambridge...
Will I inherit my parents’ debts?
If your parents have a lot of debt, you have probably wondered if you will inherit this in Massachusetts. The complicated answer is that it all depends. There are a lot of procedures and laws behind how creditors make their claims and what the government allows them...