Loving parents in Massachusetts and elsewhere worry about their children with physical and/or mental disabilities, and understandably so. Caregivers wish they could live forever, standing resolutely beside their loved ones and helping them face and conquer every challenge.
Although elder law considerations in estate planning are many and varied, a prevailing and widely held view concerning the topic has long stressed that administration in this discrete area centers almost solely on safeguarding elderly loved ones from financial ruin in old age, mostly due to high medical costs.
When it comes to their estate plan, some people only think about their will. It's true that a will is a key component of your estate plan. Just because you have a will in place doesn't mean that your estate plan is complete.
We all have heard the adage “where there’s a will, there’s a way.” We follow that adage with all of our estate plans because we believe that people should have their wishes honored as they pass on. However, we also understand that many people do not see the usefulness of a will. Through this post, we will explain the importance of having a will, and provide some helpful details about what they can (and cannot) do.
Some of the stories related in a recent estate planning piece might reasonably be termed as "outlier" tales stressing truly dire ramifications that can ensue when a planner fails to take some requisite action that promotes certainty regarding a future outcome.