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Andover Estate Planning Blog

Do I need an estate to start estate planning?

While you may not have the sprawling kind of estate with acres of lawn, dozens of grazing horses and multiple tennis courts, you do actually have an estate. Your estate is comprised of the things you own: your home and vehicles, retirement accounts, bank and investment accounts, jewelry and family heirlooms, to list a few possible assets you may own.

The “plan” part comes into play as you set up a strategy on how to handle your assets after you’re gone. Consider working with an experienced estate planning attorney who has tax planning law experience to distribute your assets effectively and according to your wishes.

Just how many heirs are looking at that art hanging on the wall?

In chronicling the inventory of a comparatively high-asset life for its eventual transfer to heirs via your projected estate plan, you've perhaps accounted for that coin collection that your youngest child was always fascinated with.

Ditto the fine china and silverware that has been in your family for generations, the cabin up north, and numerous other heirlooms that are important family keepsakes.

Global perspective: reflections on end-of-life matters

We're all different, yet all the same.

Likely you've heard some closely paraphrased version of that thought. Seemingly, it applies to just about everything in life and cuts across national boundaries to embrace the mindsets and aspirations of people all across the globe.

Cleaning your financial house for future generations

There is a sizable checklist of "things to do" for many estate planners that ranges widely from will/trust execution and heir/beneficiary designations to inheritances and health care-related instructions.

In almost all cases, say multiple commentators in a recent article focused upon financial management in the estate planning realm, that bulleted list should also have this item highlighted: death cleaning.

When a guardian or conservator is needed

Aging is an important part of life, and we all have to be prepared for it. If you have parents or another loved one who are becoming frail you may be worried about their care and well-being in the near future.

There are many ways that you can be sure they will be well taken care of and represented in case they become incapacitated. The best time to act is right away, before they are unable to act for themselves. But even if that time has passed, there are options for you to assume the role of decision-maker.

Here's a family-centric New Year's resolution

A commentator in a recent article addressing estate administration makes an interesting point regarding planning.

On the one hand, she notes, few of us would simply embark on a vacation trip without giving some advance thought to our schedule, itinerary, booking specifics and so forth. We generally like to eliminate the unknown to some degree, gaining peace of mind from knowing what the future portends.

Pondering guardianship when your special needs child turns 18

If you're a parent, planning for your child's future is paramount. Having your estate in order to allocate assets and establish guardianship in your absence is a prudent measure, but some parents have unique situations to consider.

If you have a special needs child that's nearing the age of 18, you may need to look into guardianship to assist with some facets of adulthood. Once your child is 18, they'll have the legal right to make decisions regarding their health and finances. If they are physically or mentally incapacitated, it could be in their best interests for another party to be tasked with those responsibilities.

What is a Massachusetts health care proxy?

We note on our estate planning website at The Law Offices of Kimberly Butler Rainen in Andover that the realm of estate administration is wide and diverse, indeed.

That is, it broadly encompasses asset preservation, lawful tax avoidance and heir designations and distributions. It also addresses charitable giving, guardian and conservatorship appointments, will/trust execution and many additional matters of key importance.

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68 Main Street
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Andover, MA 01810

Phone: 978-409-1928
Phone: 978-482-7139
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