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If you are unable to care for yourself, wills and estate planning deals with your well being and needs if you are not able to take care of yourself. Wills and Estate planning is not simply writing the will, like most people would think. Wills and estate planning can involve financial, tax, medical, and business planning.
If you are seeking legal assistance with your will, contact our Massachusetts wills Lawyer today.
Do you have a will?
Your will should control all of the property or interest in the property that you own. Bank
account, real estate, furniture, stocks and bonds, jewelry are all examples of assets in your name
and your estate.
Your will should also control what you might also hold as assets in several forms of title other than in your name alone. Joint tenancy is a regular form of ownership which takes assets away from control by will or living trust. Beneficiary designations on securities accounts and bank accounts are alternatives, which should be carefully considered as well. Finally, assets, which have beneficiary designations, such as life insurance, IRAs, qualified retirement plans and some annuities, are very important parts of your estate which require careful coordination with your other assets in writing your will.
What is a Joint Will?
A joint will is made in combination with another person’s will; transferring the ownership of property at his/her respective death through one will.
If you are seeking legal assistance with your will, contact our Massachusetts wills Lawyer today.
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