One of the crucial facts that people need to accept about estate planning is that it is important to prepare your estate plan early in life. You want to have everything organized and ready when you are young so that if the unexpected happens, you and your estate are...
Wills
More and more U.S. elderly individuals continuing to work
One thing that has become increasingly common in the U.S. is elderly individuals continuing to work rather than going into retirement.This can be seen in federal statistics. Between 1994 and now, the rate of individuals over 65 in the U.S. remaining in the workforce...
The price of not having a will: loss of control
Among the things a person may care greatly about is the legacy they leave behind. A desire to build the type of legacy they want and control what their legacy will be can be a driving force in many of a person’s actions, including how they conduct themselves in...
Thinking about the future when big life changes occur
When a big change happens in a person's life, such as a marriage, the birth of a child, a major change in employment situation or a big financial gain or loss, a lot of the person's thoughts might be on the present and the immediate ramifications of the change....
Self-proving affidavits for wills
There are certain things state law requires a person to do in order for a will to be valid. There are other will-related actions that such laws do not require, but do make available as an option. In Massachusetts, one of the things that falls into the latter category...
Updating an estate plan when approaching retirement
The transition into retirement can be a very critical and complicated time. Thus, as a person is approaching retirement, it is very important for them to have the right sort of finance-related planning in place for their particular circumstances.Consequently, as a...
Getting beyond just thinking about estate planning
When an unexpected event occurs that incapacitates a person or causes them to suffer an early death, whether or not they have an estate plan can make a huge difference on the situation. Thus, actually taking action to get an estate plan in place is important for...
Helping seniors with degenerative diseases plan for the future
Many seniors have a picture in their head of what their elderly years will be like. Sometimes though, unexpected events occur which can completely change the equation. One such event is developing a degenerative disease, such as Parkinson's.Being diagnosed with a...
The estate planning challenges of airline miles
In estate planning, one thing it can be very important to be aware of is if any of your assets raise special estate planning issues. One special estate planning issue some assets raise is unpredictability when it comes to the ability to pass on the asset upon death....
Who is allowed to challenge a will, and under what circumstances?
After a loved one or family member passes away, one of the most divisive and difficult moments of the event can be dealing with the will. This is a crucial document to the deceased individual's estate plan, and it dictates how much of the estate will be distributed...
