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October 2019 Archives

Estate planning can be a truly meaningful gift

People in Massachusetts lead very busy lives. Days seem to run together and another year can pass in the blink of an eye. Indeed, the end of the year is approaching and many people take the opportunity to review past accomplishments and plan for the new year. No one likes to contemplate the new year being a person's last, but the fact remains that no one knows how much time one is allotted and as such, estate planning is not a task that should be indefinitely delayed.

Priceless Gift of Estate Planning

Another year is winding down, and people in Massachusetts are beginning to think about the holidays and their gift lists. Also, as another year comes to an end and the holiday season approaches, people may begin contemplating the passing of time and their own mortality. While estate planning can be a difficult task to face, having a comprehensive plan in place can be a priceless gift to loved ones.

Trusts and how they can aid estate planning

The language of estate planning can be confusing to some and can serve as a deterrent to putting a plan in place in Massachusetts. This need not be the case. Two terms that are tossed about a lot in the estate planning world are wills and trusts. Both can be very effective tools when putting an estate plan together.

What is the best way to choose a guardian for your children?

Visiting the topic of death and what would happen to the well-being of your children if you and your spouse were to pass away can be a difficult discussion to have. However, despite the heaviness of the topic, it is critical that you consider who in Massachusetts would care for your children and raise them into adulthood if something tragic were to happen to you and your spouse while your children were still dependent on the two of you. 

Do you have a pet trust?

While you may use your will to provide for your heirs by distributing your assets among them, Massachusetts law does not allow you to leave money to your pets as a gift. However, you may still ensure that there are resources to care for your pets by creating a trust. Establishing a pet trust may allow you to name a person to take over as a guardian after you pass away and ensure there is enough money to give your pet the level of care you desire for them.