You hope the day will never come when you are on life support or incapacitated and are unable to make decisions for yourself. But if that day does come, conflict and emotional turmoil could arise among your family members as they try to figure out the right thing to do. That is, unless you have the right documents in place.
When it comes to estate planning, one of the biggest misconceptions is that only wealthy people need one. This simply isn’t the case. In fact, most people in Massachusetts and the rest of the country would benefit from an estate plan.
There was no subject that was off-limits for the late comedienne Joan Rivers. She even joked about getting older and death. In the months leading up to her passing earlier this month, she would often joke about losing her memory. In a recent tweet she quipped: “I must admit I am nervous about getting Alzheimer’s. Once it hits, I might tell my best joke and never know it.”
A fiduciary is a person or entity that is tasked with a legal duty to act solely in another party's interests. Under the U.S. legal system, the fiduciary duty is the strictest duty of care, and breaches of this duty can result in criminal and civil liability.