How to Plan for Incapacity

Planning for your incapacity is an essential part of Massachusetts estate planning. Being “incapacitated” means that you no longer have the ability to understand and appreciate the consequences of your actions to make rational decisions. You can become incapacitated due to a mental health issue or a physical problem. Incapacity can be short term (e.g.,…

Continue reading…

What Happens if You Die Without a Will?

What happens if you die without having any estate planning in place? That’s called dying intestate and your property will go through probate and be distributed according to the Massachusetts intestacy law. Why You Don’t Want Massachusetts Intestacy Law to Distribute Your Estate. It means you won’t have any control over who gets what. So,…

Continue reading…

What is an AB Trust?

A trust is a legal document that can take legal title to your assets, like investments, bank accounts, real estate, vehicles, and valuable personal property. An AB trust, also called a credit shelter trust, is designed to minimize estate taxes for married couples by splitting into two trusts upon the first spouse’s death. The Massachusetts…

Continue reading…

5 Important Steps to Estate Planning

No matter what stage of life you’re in—young or old, married or single—having an estate plan is the best way to protect yourself, your family, and your assets. Some people don’t think they have enough assets to need an estate plan right now, but that’s a misconception. Even if you have moderate wealth, you want…

Continue reading…

Estate Planning for Snowbirds

As some Massachusetts residents get older, they choose to avoid the cold New England weather and reside in a warmer climate during part of the year. What does that mean for your estate planning? First you need to determine what your actual state of legal residency will be. Some factors used to determine residency include…

Continue reading…