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Using a Health Care Proxy in Massachusetts

A living will is a document that sets forth a person's wishes regarding medical treatment, and the terms or the documents are usually enacted when there is medical emergency or when the person drafting the document is incapacitated. In Massachusetts, however, living wills are not binding. That is, courts and health care providers may look to them for assistance in making decisions, but medical professionals in Massachusetts are not bound by the terms of a living will.

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Determining if a Bypass Trust is Right for a Couple

As Massachusetts couples get older or acquire more assets, they may begin thinking about how to plan their estate in the event that one or both parties pass away. In some cases, couples may decide to use a bypass trust, though this option is not for everyone.

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Good Assets and Bad Assets for Heirs

Massachusetts residents involved in creating an estate plan may be interested to learn that taxes are levied on varying assets in different ways. According to a recent article, some types of assets should be held in the estate until death because their tax basis will be stepped-up when they pass to heirs, allowing them to avoid certain amounts of capital gains taxation.

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