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Worcester, MA 01608
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Boston, MA 02109
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Centerville, MA 02632
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New Bedford, MA 02744
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Medfield, MA 02052
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Estate Planning Webinar

Please join Fletcher Tilton Tax Attorney and Certified Elder Law Attorney Michael T. Lahti for this informative webinar discussing the important topics of Estate Planning and Elder Law.  Details for the next upcoming date.

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  • Wed. Nov. 10, 2021
  • 12:00-1:30 p.m.
 

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Articles

Who Needs An Estate Plan?

on February 26, 2021
If 2020 has taught us anything, it is to hope for the best, but plan for the worst. This also holds true when it comes to estate planning. While most people plan to live a long, healthy life, it is important to have certain legal documents in place in the event that you fall ill or pass away. Who needs an estate plan? While this is not an exhaustive list, here are a few important factors to consider:
  1. Anyone over the age of 18 should have a Health Care Proxy and Power of Attorney. If you do not designate someone to make health care and financial decisions for you prior to becoming unable to do so, the state will decide who has this authority through a time consuming and expensive court process called guardianship and conservatorship.
  2. Parents with minor children or children with a disability should have a Will and a Trust. In Massachusetts, a Will is the only place a parent can designate a legal guardian for a minor child or disabled adult child. A Trust can hold assets until children are mature enough to receive outright distributions, or for the duration of the beneficiary’s life.
  3. Anyone who owns real estate should consider avoiding probate. Certain assets can pass directly to a beneficiary upon your passing. However, if you own real estate in your name, even if you have a Will, it will require that your estate is probated to transfer your real estate to your beneficiaries. A Trust can avoid the need for probate and provide other valuable protections.


©2021. This material is intended to offer general information to clients and potential clients of the firm, which information is current to the best of our knowledge on the date indicated below. The information is general and should not be treated as specific legal advice applicable to a particular situation. Fletcher Tilton PC assumes no responsibility for any individual’s reliance on the information disseminated unless, of course, that reliance is as a result of the firm’s specific recommendation made to a client as part of our representation of the client. Please note that changes in the law occur and that information contained herein may need to be reverified from time to time to ensure it is still current. This information was last updated February 2021.


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