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Posts tagged "Estate planning"

What are the elements of a comprehensive estate plan?

The unfortunate reality is that excuses abound when it comes to executing an estate plan. Indeed, statistics show that over 50 percent of the population here in the U.S. has not taken a single step in this regard, with people frequently citing the same excuses such as their age, their lack of assets, or their lack of time.

How revocable and irrevocable trusts could help your estate plan

Trusts are an important facet in the estate plans of many Massachusetts residents. Trusts can be created to meet a variety of unique needs such as tax minimization, probate avoidance or creditor protection.

Why a will isn't enough to protect your estate

Many Massachusetts residents mistakenly believe that all they need is a will in order to protect their assets and property when they die. However, even with a valid will, the probate administration process still must take place, which is a long, expensive and public court proceeding.

How to protect your digital assets in an estate plan

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.

Why estate planning should be on every baby boomer's to-do list

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.

Charitable trust of 87-year-old woman to fund park improvements

In the state of Massachusetts, trust planning can provide an individual with the freedom to allot their resources to reflect specific interests and objectives. Some individuals choose to establish a charitable trust because of a desire to financially contribute to a cause or organization that is particularly meaningful to them.

What is an estate plan and why do you need one?

Massachusetts residents may be interested in an article discussing some of the basics of estate planning and why a person would need to implement such a plan. Relatives of a person who dies without an estate plan in place could be at a disadvantage.

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