Why Do You Need An Estate Plan?
An estate plan is a set of legal documents designed to ensure your wishes are followed if something were to happen to you. By having such documents in place, you can avoid or minimize the unnecessary delays, taxes, expenses, and the emotional and financial burden that may be placed upon your family when handling your estate (especially if there is a disagreement over who should and shouldn't inherit your hard-earned assets).
The basic three estate planning documents almost everyone should have is a Will, Health Care Proxy, and Durable Power of Attorney for Finances. However, many clients also opt to create a Trust to better meet their family's unique and specific circumstances. While Trusts vary considerably, they are generally designed with one of the following objectives in mind:
- Avoid Probate (and the delays, fees, stress, and hassle associated with it)
- Avoid Federal/Massachusetts Estate Taxes (MA Taxables Estates start at $1 Mil)
- Protect Children's Inheritance & Set Up Controls/Distribution Ages
- Business Succession Planning
- Special Needs Planning
Ready to get started? Don't wait a minute longer - Call us at (781) 202 - 6368 to schedule your FREE estate planning meeting today!