One reason why Massachusetts adults should consider planning for the future is the financial security this planning process should provide. Estate planning allows an adult to plan what will happen to his or her assets in the future and make other decisions that could be important down the road. It's more important than many realize, even if they are young, healthy and do not have significant wealth.
Why estate planning is critical for every adult
Estate planning mistakes can be costly for Massachusetts family
Having an estate plan is an important step for every Massachusetts adult, regardless of income, age and health status. Even with a plan, certain mistakes and missteps can cause significant complications for a family when trying to settle an estate. When walking through the estate planning process, it is prudent to take steps to avoid common mistakes that could potentially lead to complications down the road.
How will the SECURE Act affect your estate planning goals?
You have worked hard throughout your life and now have significant assets, including real property, a stock portfolio and retirement accounts.
Guardianship case highlights need for advance planning
There are times in a person's life when he or she may no longer be able to make personal choices. Perhaps that person doesn't have family able or living nearby to care for him or her. In this instance, a Massachusetts court may appoint someone to be that person's guardian. A guardianship is meant to protect the subject of the agreement and ensure that he or she receives needed care. Unfortunately, there are times when even the professionals don't hold to that duty.
Estate planning topics to consider after becoming a parent
Parents in Massachusetts and elsewhere who have recently welcomed a child into the family may feel it essential to take all possible measures to protect his or her future. With a variety of topics to address and a list of new responsibilities to handle, knowing the necessary steps to take to achieve this goal might not always be such an easy task. By exploring the available estate planning options, new parents may become better prepared to create a strategy focused on safeguarding the futures and meeting the needs of their children.
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