A primary motivation for creating a Last Will and Testament is to ensure that estate assets are distributed according to the Testator’s wishes after they are gone. If that Will is invalidated, however, the state ultimately decides what happens to your assets. Knowing that it seems wise to do what you can to prevent challenges to your Will. Toward that end, a Nashua estate planning attorney at Legacy Care Law Firm discusses what you can do to prevent a challenge to your Will. What Does … [Read more...] about Can I Prevent a Challenge to My Will?
The Importance of Insuring Real Estate
Transferring real estate to a trust has become a widely used tool in estate planning. Unfortunately, it’s easy to overlook important aspects of the transfer that lead to unintended consequences. With careful planning, you can avoid these traps. Read on to learn more. … [Read more...] about The Importance of Insuring Real Estate
5 Things that Should Be Found in Any Estate Plan
Until you sit down to work on your plan most of the components of an estate plan remain a mystery. Not surprisingly, this leads to several questions. What do each of the estate planning tools accomplish? Which tools and strategies should be included in a plan? What are the most common components of an estate plan? The North Andover estate planning attorneys at Legacy Care Law Firm explain five things that should be in any estate plan. Contact a North Andover Estate Planning Attorney If … [Read more...] about 5 Things that Should Be Found in Any Estate Plan
Why You May Wish to Reconsider Putting Your Home in Your Child’s Name
If you own real property, and you want to keep that property out of probate after you are gone, you may have considered putting the property in your adult child’s name. Creating the right type of co-ownership with your adult child may be a better option. While you will get probate avoidance benefits by creating a joint tenancy, there are other factors you should consider before using that strategy for your real property. The Woburn estate planning attorneys at Legacy Care Law Firm discuss … [Read more...] about Why You May Wish to Reconsider Putting Your Home in Your Child’s Name
8 Questions to Ask When Choosing Your Executor
When you create your estate plan, one of the most important considerations should be deciding who will oversee the probate of your estate. This decision is made in your Last Will and Testament when you appoint an Executor. The Woburn estate planning attorneys at Legacy Care Law Firm suggest eight questions to ask when choosing the Executor for your estate. What Does an Executor Do? The person you appoint as Executor in your Will is responsible for administering your estate. Usually, that … [Read more...] about 8 Questions to Ask When Choosing Your Executor
What Happens When You Die Without a Will in Massachusetts?
You have undoubtedly been told by well-meaning friends and family member how important it is to execute a Last Will and Testament. Unless you understand why that is so important, however, you may lack sufficient motivation to get started on your Will. The Massachusetts estate planning attorneys at Legacy Care Law Firm want you to know what happens if you die without a Will. What Is a Last Will and Testament? A Last Will and Testament is a legal document that allows the Testator (the person … [Read more...] about What Happens When You Die Without a Will in Massachusetts?
Tax Proposals Could Alter Estate Planning Landscape
Senators Sanders and Whitehouse have introduced legislation in the Senate which would significantly alter the Estate Planning landscape. It would dramatically change the tools we use to plan for our clients. Time is of the essence. Read on to learn more. … [Read more...] about Tax Proposals Could Alter Estate Planning Landscape
Fewer People Have an Estate Plan in Place Than in Years Past
Unfortunately, a recent Caring.com study shows that even fewer people are engaging in estate planning than were a few short years ago. The Salem estate planning attorneys at Legacy Care Law Firm explain the findings and conclusions of the 2020 estate planning survey. The Caring.Com Study Caring.com partnered with YouGov to conduct a survey of 2,400 Americans to determine who is engaging in estate planning, and why or why not. Since 2015, Caring.com has been conducting similar surveys. The … [Read more...] about Fewer People Have an Estate Plan in Place Than in Years Past
Estate Planning for Singles
A common misperception about estate planning is the belief that it does not become necessary until you marry and/or become a parent. This simply is not true. The Woburn estate planning attorneys at Legacy Care Law Firm explain why estate planning is every bit as important for you when you are single. Planning for Your Death Is Not the Only Point of an Estate Plan The mistaken belief that estate planning is all about death often causes singles to believe they do not need an estate plan. … [Read more...] about Estate Planning for Singles
If You Are a Parent Estate Planning Is Essential
If you are a parent of young children, you undoubtedly want to protect and provide for your children in your estate plan. Doing so requires careful planning and a well thought out and constructed estate plan. To help you get started, Nashua estate planning attorneys at Legacy Care Law Firm discuss estate planning concerns for parents with young children. Why Is Estate Planning for Parents with Young Children Necessary? As a parent you will undoubtedly focus much of your energy and efforts … [Read more...] about If You Are a Parent Estate Planning Is Essential
