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Estate Planning

Reasons to Update a Will in Massachusetts

A lot of people have the idea that writing a will is a task they will only need to complete once. Failing to review a will and make changes periodically, however, can have unintended future consequences, such as an unintentional disinheritance of certain heirs or the distribution of portions of the estate to unintended parties.

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Difficult Estate Planning Outcomes to Avoid

Families can struggle during times of crisis, and Massachusetts residents may want to think about common issues to avoid in order to simplify the handling of estate-related affairs after their death. Without effective estate planning, there could be serious conflicts later.

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An Overview of Trusts for Massachusetts Residents

In planning for the disposition of one's estate after death, there are many issues to consider. Some individuals may have significant levels of wealth, resulting in an interest in protecting heirs from excessive tax consequences. Others may be concerned about the potential increase in value of a specific asset. Others may want to ensure that complicated family situations do not interfere with their wishes for certain heirs to benefit. In any of these cases, special types of trusts may be beneficial. In fact, there are several types of trusts to consider in estate planning.

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