Estate Planning Archives

Living Without a Healthcare Proxy: A Risk to Avoid

Your Life, Your Way Healthcare decisions are among the most personal, and most consequential, any of us can make. For many of us, there may come a time when old age, illness, or injury will prevent us from voicing our wishes and concerns about what we prefer for our bodies, or even how we prefer to spend the remainder of our lives.

In light of this, everyone needs to make provision, in writing, for someone else to be authorized to make these decisions for them. In Massachusetts, the only recognized legal vehicle by which to do this is by granting durable power of attorney, also called a healthcare proxy.

Massachusetts: The Odd Commonwealth Out When it comes to medical and end-of-life decisions, the law in Massachusetts is unusual when compared with the other forty-nine states and commonwealths that make up the U.S.

Massachusetts does not recognize living wills, also called … Read More »

10 Questions To Help You Create Your Will

Creating a will not at the top of your to-do-list? Maybe it should be! Creating an estate plan is one way to ensure your family is taken care of, and your wishes are carried out in the future.

Having a will isn’t just for the uber-rich or elderly. In fact, everyone should have a will regardless of your marital status, age, or the size of one’s estate.

When writing out your will, many considerations need to be taken into account. Here are ten questions you can answer to help you have peace of mind about your family’s future.

Family Considerations Question #1 Who will raise your children if they’re under the age of 18? When choosing a guardian for your children, consider who your kids will be comfortable with, who shares your values, and who has the capacity to raise additional children.

Question #2 Who will serve as their … Read More »

10 Questions To Help You Create Your Will

A Holistic Approach to Your Affairs

For many people, especially those approaching middle- or retirement-age, know they should put together a plan for their estate, but feel overwhelmed by the details and options. They continue to put off estate planning for “another day” until, often, it is too late. Younger people also should consider their affairs, because there is no time like the present and because tomorrow is never guaranteed.

In fact, putting together a comprehensive estate plan, whatever your particular situation in life, is easier than you think. There are five major components of any estate plan, addressing both medical care at the end of life and the disposition of one’s property.

Three Options During Life

While handling the affairs of someone who dies intestate—without a will—can be difficult, costly, and time-consuming, some of the most difficult choices facing families are those around medical care and end-of-life decisions. By … Read More »