Estate planning isn't something that is done in one attempt, and then set aside forever. In fact, failing to revisit one's estate plan from time to time can be a critical error. This is because life brings constant changes that could affect how a person wants their...
Estate Planning
Don’t underestimate sentimental value when estate planning
When making a will, people in Quincy may initially think of how they're going to distribute their big-ticket items, such as their house, automobiles, stocks and bank accounts. However, they should not underestimate pieces of personal property that, while they might...
When should a person’s estate plan be reviewed?
Some people in Quincy may have created an estate plan years ago and considered the matter settled. However, as time progresses, big changes can happen in a person's life. For this reason, estate planning is not a "one and done" process, but instead estate plans should...
Is your power of attorney legally enforceable?
Many people in Massachusetts may have taken the wise step of estate planning years or even decades ago, and, as part of their estate plan created a medical power of attorney and financial power of attorney. However, that does not mean that those documents should be...
What’s the difference between revocable and irrevocable trusts?
When people are considering adding a trust to their estate plans, a common question is whether to make it revocable or irrevocable. Both types of trusts have advantages and disadvantages, and a lot depends on individual circumstances.If you are considering drafting a...
What needs to go in your will?
If you are just starting the estate planning process, then you probably do not have a lot of experience with the documents and processes that go into creating a fully realized estate plan. That is all right, and it is true of most people, but the first step is getting...