Menu ${site.data.firmName}${SEMFirmNameAlt}${site.data.firmName}${SEMFirmNameAlt}
Practice Areas
Let's Get Started!

It’s never too early to think about your estate plan

If you feel as though the years of retirement are far away, you might not have given your estate plan a second thought. But the fact is that whether you have created one or not, you already have an estate plan. This is because the state has general laws that will come into effect in the event of your death.

These laws, rather than the wishes that you might have expressed verbally to family members, are the rules that will govern the disposition of your estate. Therefore, it makes good sense to think about your estate plan as early as possible.

Details that should be included in estate plans

Many people think that an estate plan is purely the act of dividing assets between beneficiaries. However, this is far from the truth. An estate plan should include details of your wishes for your future medical care in the event that you becoming incapacitated. You should also leave instructions about how you would like your finances to be managed during your lifetime if you become incapacitated.

Other decisions that can be included in your estate plan may be how you would like matters to be managed after your death, e.g., matters regarding the guardianship of any dependent children that you have and the distribution of assets.

Planning your estate can be a very positive experience because you can start to have control over your legacy and know that things will be taken care of in any event. Estate planning also allows you flexibility for your future and the future of your family.

Source: Betterment, "Time to Prepare your Estate Plan?," Nick Holeman, CFP®, accessed Nov. 17, 2017

No Comments

Leave a comment
Comment Information

Serving businesses and individuals throughout Massachusetts

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

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

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

Toll Free: 888-759-5109
Phone: 617-523-1555
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

Westborough Office
276 Turnpike Road
Suite 228
Westborough, MA 01581

Westborough Law Office Map

Woburn Office
444 Washington Street
Suite 203
Woburn, MA 01801

Woburn Law Office Map