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August 2018 Archives

Understanding the role of the estate executor

In any estate plan, an executor needs to be chosen. This is arguably one of the most important decisions that an estate planner will make. The executor of the estate should be a person who is distant enough from the person's affairs to not be biased; however, they should also be a highly trusted person who can be counted on to manage all affairs after the death of the owner of the estate.

Debunking myths about power of attorneys

You may come to a point in your life where you deem it appropriate and beneficial to consider appointing a power of attorney, or you may be thinking about helping a loved one to appoint a power of attorney. Doing so can be a great way to have peace of mind about the state of your loved one's finances and health care in future years.

The cost of creating a revocable trust in Massachusetts

When one makes a will, it must go through the process of probate, and therefore, the assets will take a long time to reach the beneficiaries. In addition, there will be costs deducted from the person's estate for the administration of the probate process. This is why keeping all assets in a will can be costly and why many people consider the benefits of opening a trust.

The following should not be included in a will

While making a will is a positive and proactive decision to make sure that your wishes are heard at the end of your life, there are some things that should not be included in the will. This is because they are not legally recognized as part of a will. Some wishes must be dealt with using other strategies, for example, through the creation of a will or a trust.

Should I argue that a will is invalid?

When a person makes a will during his or her lifetime, it will be used after his or her death in the probate process. However, as a loved one dealing with the administration of the estate, you may come to believe that the will does not reflect your loved one's final wishes, and you may be upset about the inaccuracies that it portrays.

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