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Massachusetts Residents May Use Trusts to Designate Heirs

Those in Worcester may think of trusts as necessary only for those with substantial wealth, but a trust can also protect any size estate. Items not placed in a trust may be disbursed by the courts instead of following the wishes of the decedent. Some suggest that an individual who has assets up to $100,000 may benefit from setting up a trust.

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Elder Law in Massachusetts

As Massachusetts residents get older, they often think more about estate planning matters. Younger individuals frequently put off drafting a will, and their robust health may lead them to think that a health care directive is not a pressing concern. Elderly individuals tend to approach these matters with more urgency, and having their estate issues tended to and their health care wishes clearly defined can greatly improve their peace of mind. However, other areas of elder law that could be of concern include Medicaid planning and elder abuse.

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Living Trusts Provide Protection

Massachusetts individuals may utilize living trusts as an effective estate planning tool to help carry out their desires. By drafting a trust correctly, grantors can use assets during their lifetime that they need while also providing structure for their heirs after they die.

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