We now live in a world where many of our most prized possessions are housed on computers, websites and cloud-based storage. Additionally, we now access many of our valuable financial accounts online, often opting to receive paperless statements and communications.
Last week, we discussed how Massachusetts residents who care deeply about their pets can create trusts that provide for their furry friends in case they are no longer able to do so themselves.
Many people in Massachusetts have pets such as dogs or cats that they consider family members. Although our furry friends don't have life expectancies as long as we would like, it is possible to be outlived by a pet.
Many people are put off by the idea of executing a complex and expensive estate plan, but the good news is that most people don't need one. Instead, a basic estate plan will suffice for the majority of Massachusetts residents.
The youngest members of the baby boomer generation are entering their 50s this year, which means a large percentage of the population in Massachusetts and the rest of the United States is nearing or has reached retirement age.