By having an estate plan, you will provide your family with peace of mind. They won’t have to worry about what happens to your assets, including money, property and investments. You have clearly made the decision as to what will happen with your money through a will or trust. Because of your decision and instructions, your family may have an easier time dealing with your unexpected death. Moreover, proper planning can save your estate thousands in court related expenses.
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Estate Planning Faq
FAQ On Estate Planning And How We Can Help You
A solid estate plan protects your family as well as the assets that you accumulated while alive. An estate plan allows you to decide what happens to your assets. If you don’t have one in place, the Commonwealth’s laws of intestacy will decide. You want to give your family peace of mind, and having an estate plan will do that.Albanese Law, LLC , of Milton, Massachusetts, is an experienced legal firm that understands estate planning. Meeting with our attorneys can help clients create the right plan that will carry out their final wishes. Here, we have assembled a list of frequently asked questions.
Helping You Understand Your Elder Law And Estate Planning Options
When is the right time to consider estate planning?
There’s no clear answer to that, but even a single, 30-year-old millennial should have a Will, Health Care Proxy and Durable Power of Attorney in place. You need to prepare for the unexpected, and you want to take care of your family. If you have children or significant assets such as a house, property, investments, retirement accounts and other financial accounts, you will want to have an estate plan. Please don’t procrastinate. Your loved ones will thank you.
What is included in an estate plan?
Every person is different, but here are some basics things an estate plan may include:
- A simple will or one that addresses a more complex estate with significant assets and property
- Guardianships and conservatorships, where your will includes the naming of a guardian if you have children, and a conservator for any incapacitated adults in your care
- A trust that lets you manage assets while you are still alive, thus sidestepping the probate process
- The appointment of an agent under durable power of attorney — a trusted person who will take care of your legal, health and financial responsibilities if you are mentally incapable
- A health care agent who will make decisions about your medical treatment if you are incapable of doing so
- A health care directive that includes instructions on what to do if you may be near death, or suffer from a terminal illness
What happens if I die without an estate plan?
The state decides what will happen to your assets and distribute them among family members or your “heirs at law.” Your procrastination has taken the decision-making out of your hands, and that is not a good thing. By having an estate plan, you control the decisions and where your assets are distributed after you die. Do you really want the state to distribute some of your assets to a long-estranged sibling or relative?
When should I update or change my estate plan?
Whenever a significant life event occurs is the time you need to update your will or trust. A few scenarios exist, including buying a home, starting a business, the birth of children or grandchildren, getting a divorce, diagnosis of a serious medical condition or even receiving a significant inheritance.
Call Us Now For Guidance On Estate Planning
A solid estate plan can bring peace of mind to you and your loved ones. By having an estate plan in place, you have made the decision as to what will happen to your assets. You ultimately are protecting not only your estate, but also your family.
With more than a decade of legal experience, Albanese Law, LLC , of Milton, Massachusetts, will guide you through the estate planning process. In fact we provide custom solutions based upon your specific needs and family dynamics.We serve the Boston area. For a complimentary initial consultation, call a lawyer at 617-698-8004 .
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Our main office is located in Milton and serves communities throughout eastern Massachusetts. Our satellite offices are located in Brockton, Brockton and Marshfield. As an alternative, we can also meet at your home.
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Had Matt do a package for me, trust, will, power of attorney, medical proxy, homestead. I think that was it. His price was comparable to other firms I looked into. I found him by…
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I urge any senior citizen without a will, please make an appointment with the specialist, Matt Albanese, Esq. He is the best in the area, no question! I have had 2 meetings regarding my…
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I was referred to Attorney Albanese for my families estate planning. Attorney Albanese has gone above and beyond in helping my family with several issues regarding Elder Estate Planning, Conservatorships, Medicare and wills. He…
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Mathew is a very human lawyer, genuinely interested in helping people. He had good suggestions about setting up trusts for my relatives, and when he did not know the "answer" looked it up, or…
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Mr. Albanese's expertise in Elder Law is unsurpassed. He helped me and my family through a difficult time when we had to transition my parents to an assisted living facility. He explained all our…
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Matthew Albanese is definitely the kindest and most compassionate lawyer I have ever met. He is handling my mother's estate and is always attentive, reliable, organized and above all he cares about his clients.…
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Matthew drew up my parents' will in 2010 and has assisted with estate legal matters as needed since then. Most recently he assisted me for the sale and closing of my house and disbursement…
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I have used Matt Albanese as my attorney for the past several years. He always is quick to respond, he gives great advice, and he goes the extra mile in order to place his…
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Matthew is the consummate Elder Law professional. His background and knowledge of Estate Planning, Elder Law, Medicaid Planning, and Asset Protection is extensive. He goes above and beyond to meet the needs of his…
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Matthew has been doing Estate Planning for me and my family for the past 8 years. Whether its Estate Planning, Elder Law or dealing with probate you can trust that he has your best…
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I have a great deal of experience with Attorney's as my father was one. We, as a family were raised in the Society of Friends (Quaker) where a fundamental value was to use one's…
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I've had the pleasure working with Matthew Albanese. He helped us with our mother's estate planning. He is patient, knowledgeable, down to earth and very professional. Any questions that you have he took his…
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Matt and David guided us through a very difficult time with my family. They spent a lot of hours helping us get organized and prepare for applying to MA Health. Our situation was complicated…
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Matt Albanese is a compassionate attorney who assists with your needs and advises when requested or needed. He is knowledgeable and patient when working with you and takes the time to address your questions…
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If you are looking for elder care planning or estate planning, look no further because Matt Albanese is the one you need! Matt is extremely knowledgeable in both areas and goes above and beyond…
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Matt Albanese is an outstanding attorney and consummate professional who handled my mother's estate planning. He was always prepared, patient and willing to answer/explore anything, Mum was concerned about. I dealt with Matt on…
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Matt Albanese is an outstanding attorney. He helped me navigate the estate planning process with expertise, patience, and compassion. I highly recommend him and would absolutely hire him again in the future.
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Matthew Albanese was exceptionally kind, thorough and timely. He thought of things i/we had not considered and gave viable options and alternatives. Matthew offered solid reasons for the advice he gave and explained it…
