The youngest members of the baby boomer generation are entering their 50s this year, which means a large percentage of the population in Massachusetts and the rest of the United States is nearing or has reached retirement age.
Estate planning is of course not a one-size-fits-all exercise. Passing along assets and establishing guidelines for health care decisions is highly individualized work. Though there are common patterns that occur as people face these decisions, there is no ready-made template for making them.
Conservatorships are sometimes necessary to safeguard the interests of a family member who no longer has the capacity to make their own financial or medical decisions. When there is no power of attorney in place, or a power of attorney is not being honored, a conservatorship may be in order.