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Posts tagged "Wills"

Estate planning needs for those in the ‘sandwich generation’

One of the big things parents are focused on is the care of their children. For some parents, though, their children are not the only family members they might be caring for. This is particularly the case for parents who fall into the “sandwich generation.”

Handling vacation property in an estate plan

Setting out what will happen in the future with the real estate they have is among the things an elderly individual can do in their estate plan. Now, each particular type of real estate has its own unique aspects and circumstances, and thus can raise its own particular issues when it comes to estate planning.

Lacking a will can have big consequences

What a person does during their life can have significant ramifications on what happens after their death, such as how things go for their family and friends after they pass away. This is especially the case when it comes to what they do (or don’t do) in the realm of estate planning. 

Discussing your estate plan with family

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 prepared.

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 their business and personal dealings, how they get involved in their community and what sorts of things they build and create (like businesses).

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. However, in the wake of these sorts of events, thinking about issues regarding the future can also be extremely important, as these events can have big impacts on the future as well as the present.

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 is having a self-proving affidavit for one's will.