Although creating a will is an important component of estate planning, it is not uncommon for beneficiaries and heirs to dispute the instructions in a legal proceeding known as a will contest.
Reasons for a Will ContestIt is important to note that beneficiaries cannot...
In Massachusetts, a will that is poorly drafted or that does not adhere to state law may be invalidated by the court. The best way to create a legally binding will is to consult an experienced estate planning attorney. In the meantime, let’s take a look at five key reasons why...
A well-designed estate plan will enable you to achieve important objectives such as protecting your assets, planning for long-term care, and providing for your loved ones. At the same time, estate planning can be complicated and some may fail to understand how their plans actually work. By working with an experienced...
People are living longer today, giving them more time to enjoy their retirement years. Nonetheless, with aging comes challenges, not the least of which is declining health and medical conditions that may require long-term care. Given the high cost of medical care at home or in an assisted living facility, it is...
The state makes the decisions on where your assets should go.
If it is determined that if you do not leave a will or an estate plan, then probate takes over with a key focus on debts and what...
It is a good idea to have a plan, just in case you do retire.
Many business owners have worked for years to build up their business and don’t have any intention of retiring. However, that day is likely...
RMDs are legally required and it is best to study up on them, because taxes can be 50%.
Required minimum distributions are not always a common name to retirees but they should be, according to Forbes in “5 Things to Know...
Prince did not leave a will and many, many relatives showed up to stake a claim.
Not having a will can create some difficult situations for your loved ones and some of them are not expected, according to Arizona Central in
More than half of seniors file early for benefits.
Some people may find it necessary to file for Social Security because of circumstances, such as a job loss. However, it is really important to make sure you are making...
