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Estate Planning

Review Estate Plans Yearly to Avoid Unintended Results

One estate planning expert says that the most important aspect of estate planning -- in Massachusetts or other states -- is reviewing the plan on an annual basis. Although wills, trusts and powers of attorney are all essential elements of anestate plan, the expert says that failure to review those documents on a regular basis could result in unintended consequences after death. He has personal experience with such unintended results to back up his recommendation.

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Giving Away Massachusetts Property Before the End of Life

Many who are nearing the end of their lives want to give away their properties that they own. There are numerous reasons to give land to others, whether just passing it on to another member of the family so that the land will not be lost or selling it to them to reduce debt. Often, people want to make their property into a gift before they have actually passed away, as they set up a plan for the rest of their estate.

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The Impact of a Prenup on a Massachusetts Estate Plan

It used to be that people looked at premarital or prenuptial agreements in a negative light. They assumed it meant that the couple did not trust one another or that they simply did not think that there was any chance that the marriage was going to last. However, the reality is that these agreements can be most important when the marriage is ended by one person passing away.

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