Designating an attorney-in-fact can require the utmost caution to keep a person’s finances protected. Allotting the power of attorney can be both fulfilling and beneficial by giving individuals peace in knowing that their finances are being utilized for the...
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What happens if a person dies without a will in Massachusetts?
In a previous blog post, we discussed the virtues of having an estate plan in place. Without a will or plan created before the time of death, a person’s assets and real property will be distributed according to state law -- rather than his or her wishes. After...
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...
L’Wren Scott’s estate lessons
Massachusetts residents may learn from the recent death of New York fashion designer L'Wren Scott. Scott was found dead from an apparent suicide in her Manhattan apartment in March. Although no note was found, foul play was not suspected. L'Wren Scott was the longtime...
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. The purpose of...
