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Wills Archives

Estate planning: Keeping digital assets in mind

In a digital era, it is becoming more and more common for individuals in Massachusetts and elsewhere to store a significant portion of their information online. Although there may be a variety of estate planning options that cover how digital assets will be handled, this part of the process could go overlooked at times. Those who wish to gain a better understanding of how to incorporate these assets into their estate plans could benefit from obtaining insight into what constitutes a digital asset.

Myths about estate planning may create unnecessary hesitation

There may be many individuals in Massachusetts and elsewhere who place a high level of importance on planning for the future. However, when it comes to making plans for what happens after one is gone, the process may appear somewhat more intimidating. There are also certain myths about estate planning that may create unnecessary hesitation, and debunking these misconceptions could prove essential to making informed decisions.

How does writing a will help you right now?

You know that writing a will and creating an estate plan can help your heirs, and it can in this way help you in the future. However, you will be gone when your estate plan actually goes into action, so it's easy to think that you're really doing all of this planning for someone else.

Should you use an oral will?

Traditionally, a will is a written document that is drafted and filed long before you actually pass away, and your heirs need to use it. However, you may have also considered simply using an oral will to save yourself these steps. Is it a good idea?

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