The makeup of a family has changed considerably over the years in Massachusetts and around the nation. As couples divorce and remarry, blended families have become more and more common where the makeup of a family can consist of half and stepsiblings. Estate planning, particularly for older couples, should take all of this into account in order to ensure that one's final wishes are carried out as intended. In addition to blended families, more and more older couples are living together without getting married. A recent study shows that the number of couples aged 50 or older who are living together but not married has increased 75% since 2007.
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.
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.
Like many Massachusetts residents, you may have a happy, unfussy life. It may include a spouse, children and possibly grandchildren in a simple familial situation. You may have uncomplicated financial assets and a home or even two. As a result of this straightforward situation, you may be wondering whether you need to have a will or whether your property can just pass to your surviving relatives.
As a part of creating an estate plan for your future in Massachusetts, you have selected someone to act as a health care proxy on your behalf. Considerable time and thought have been taken in your effort to choose someone who you trust to make the types of decisions that you would want to be made if you are ever incapacitated. At Curley Law Firm LLP, we have experience helping people coordinate a customized estate plan that coordinates with their personal needs and desires.
When you have a person in your family with special needs, you may be wondering what needs to be done so that you can set up a trust fund on his or her behalf. Your choosing to be proactive in starting a fund in Massachusetts will help provide stability and comfort for your loved one in the event you become unable to care for him or her.
Even though your estate plan is centered on your desires and how you would like your life's accomplishments to be distributed, you are not the only person who your plan will affect. At Curley Law Firm LLP, we have significant experience helping people in Massachusetts to create a customized estate plan.
There are certain laws in Massachusetts that allow each individual adult to make his or her own healthcare decisions. However, there may be circumstances in which people are unable to make or communicate what they would like. A health proxy can help in these situations.
Aside from a loved one passing away or possibly the divorce process, estate planning issues can be one of the most emotionally intense topics for families. In some instances, the emotional impact of an estate plan can be very difficult for certain family members, whether they become angry with their family member’s decisions. On the other hand, setting up an estate plan can also be a major source of relief and a cause for celebration for an entire family. Those who are creating or making revisions to an estate plan should consider the emotional impact that their decisions may have on their family members.
For a lot of people, creating an estate plan (or making important revisions) can be tough for a number of reasons. In some instances, there are other difficulties which make the estate planning process more complex, such as conflict in the family. For example, siblings may be involved in a heated, long-term rivalry, and your estate plan could be at the heart of the dispute. Or, you may be unsure of how to address these conflicts with respect to your estate plan, whether you are unsure of how to distribute your assets or who to leave in charge of your estate.