Menu ${}${SEMFirmNameAlt}${}${SEMFirmNameAlt}
Practice Areas
Let's Get Started!

Who needs an estate plan in Massachusetts?

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.

That’s because estate planning means a lot more than deciding who will inherit your assets when you die. It also includes making decisions about end-of-life care, guardianship of minor children and funeral arrangements.

Of course, no one wants to think about being incapacitated, orphaning their children or their own funeral, but failing to execute an estate plan could result in an even scarier situation.

For example, if a terrible accident occurred, an end-of-life plan would let your family know whether you would like to be kept on life support, and if so, for how long. Without it, your conflict might arise over whether or not you should be kept artificially alive, potentially against your own wishes.

Additionally, if tragedy struck and you and your spouse were killed leaving minor children, your estate plan would determine who should be the children’s legal guardian. Without it, a court process would need to take place and a judge would have final say over who should be guardian of your children.

Finally, when it comes to your assets, an estate plan is the only way to make sure that your wishes are carried out. Without a will, for example, your assets would transfer according to Massachusetts’ “intestate succession” laws, which might not result in what you would have liked.

Ultimately, unless you want other people or the state to make decisions for you regarding your end-of-life care, your children or your finances, an estate plan is an absolute must.

Read more about this topic and other estate planning misconceptions in this recent article from Forbes.

No Comments

Leave a comment
Comment Information

Serving businesses and individuals throughout Massachusetts

Braintree Office
25 Braintree Hill Office Park
Suite 406
Braintree, MA 02184

Toll Free: 888-759-5109
Fax: 617-523-5653
Braintree Law Office Map

Cranston Office
200 Midway Road
Suite 159
Cranston, RI 02920

Toll Free: 888-759-5109
Cranston Law Office Map

Hyannis Office
1330 Phinney’s Lane
Hyannis, MA 02601

Toll Free: 888-759-5109
Hyannis Law Office Map

Norwood Office
520 Providence Highway
Suite 10
Norwood, MA 02062

Toll Free: 888-759-5109
Norwood Law Office Map

Waltham Office
375 Totten Pond Road
Suite 200
Waltham, MA 02451

Toll Free: 888-759-5109
Waltham Law Office Map

Westborough Office
276 Turnpike Road
Suite 228
Westborough, MA 01581

Toll Free: 888-759-5109
Westborough Law Office Map

Woburn Office
444 Washington Street
Suite 203
Woburn, MA 01801

Toll Free: 888-759-5109
Woburn Law Office Map

Longmeadow Office
Williams Place
813 Williams Street
Longmeadow, MA 01106

Toll Free: 888-759-5109
Map & Directions