When a person becomes incapacitated in Massachusetts, he or she may have identified a health care proxy to make medical decisions. However, this agent does not have the authority to make financial decisions and take care of assets. According to the Mental Health Legal...
While every Massachusetts resident over the age of 18 should have an estate plan, there is even more reason for entrepreneurs to outline what should happen to their business assets after their death. One notable example is Prince.In April of 2018, Forbes reported that...
When it comes to wills and estates, there are always people talking about probate. Probate gets a bad connotation because so many people talk about instances where it takes a long time and causes a lot of disruption. In reality, this is not true of most cases. It...
When it comes to your health care, it is never too early to create a Massachusetts advance directive regarding the medical options you prefer. According to the American Bar Association, you should carefully consider each aspect of the directive before you put...
There are certain cases where individuals may not follow the usual division of an estate. Those parties who are part of blended families, in particular, may embark upon unequal division of their estates.Parents of blended families who are estate...
If you are ready to begin your estate plan, you may be thinking about who to name as beneficiaries in your will, and how you can divide assets fairly. However, not everything goes in a will. At , our legal team assists people in identifying...
If you are considering whether or not to implement a life insurance policy into your estate plan, you are probably busy comparing the pros and cons of your decision. While your investment in a policy would undoubtedly provide a measure of financial security for your...
One important element to remember about estate planning is that it is rarely a singular process. Wakefield residents asked to serve as executors or personal representatives may be asked to continue to serve in (or return to) the roles over a period of months, years or...
A testamentary irrevocable trust is a trust that a representative creates after the grantor's death based on the terms of the grantor's will. Because the only person who can change the terms upon which the trust is created is the creator him or herself, the trust...
There is one subject that can put a damper on estate planning: the concept of taxes. Estate taxes vary significantly from one state to the next, so you need to be certain you understand what you need to do when you live in Massachusetts. As you plan your...