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Is a will the way to solidify your estate plan?

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.

Essentially, you can make a personal (and permanent) declaration about how you want to dispose of your property at death. Contrary to popular belief, it does not matter how much personal property you have. You can make your intentions known through a will if whether you have only a few personal items to your name or if you have $20 million in assets.

Because a will chronicles your personal wishes, it allows you to control how property may be divided. You can make specific gifts, keep money aside for chosen beneficiaries, and create special trusts based on your interests. Also, a will can stem potential disputes over the distribution of your property.

Also, a will does not become enforceable until your death, and it can be modified at any time.

A person who passes away without a will dies “intestate.” This means that their property will be divided according to Massachusetts state law (i.e. to surviving family members in portions determined by statute). Most importantly, you have no specific input into how your property is distributed.

With any estate plan, a will is only one part of your overall arrangement. To learn more about estate planning, an experienced attorney can help.

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The Law Offices of Kimberly Butler Rainen
21 Central Street
Andover, MA 01810

Phone: 978-494-6730
Phone: 978-409-1928
Fax: 978-849-8212
Map & Directions

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We are in a 1700s Colonial located on the intersection between Brook Street, Central Street and Essex Street in historic downtown Andover, Massachusetts. The parking lot entrance is located on Brook Street, which is a one-way. From Central, turn down Essex Street. Before reaching the railroad tracks, when you see the St. Augustine Church on your right, take a sharp left turn on to Brook Street, which will turn you back toward Central Street. As you ascend the hill back toward Central Street, you will see large stone pillars on either side of the entrance to our parking lot. We have assigned parking spaces numbered 7 and 10.

From the parking lot, you may take the stairs located on the rear, left-side of the building up to the garden area, where the foyer entrance to our office is located. You can also follow the sidewalk on Brook Street up to Central Street, walk along Central Street past the main house entrance (with a wrought iron gate across the walk way) to an opening in the wrought iron fence, in to the garden area where the foyer entrance to our office is located.