Sound estate planning for most individuals and families across Massachusetts is arguably about far more than simple will execution and a focus upon asset distribution. Although such a confined focus may be all that is deemed necessary in some instances, most people have planning concerns that require a crafted strategy across a broader dimension.
A recent article on timely attending to estate planning concerns that might loom large in the future underscores that. It notes the unpleasant reality that can result when an individual encountering something like pronounced mental and/or physical impairment has not taken any in-advance steps to respond to such a situation.
Failure to timely act can result in ambiguity, confusion and a sense of real helplessness on the part of loved ones who want to step in but don't know how. Absent executed estate planning documents that spell out roles, rights and duties, family members and select others are often legally barred from acting in ways that they believe would promote a compromised individual's best interests.
The above article references powers of attorney, with its author personally stating that he "cannot stress enough the need for a POA" in estate planning contexts relative to finances and health care.
We agree with that view at the established planning Law Offices of Kimberly Butler Rainen in Andover. We note on our website that an executed durable power of attorney and health care proxy enable a planner who has timely designated trusted parties to act in the event of his or her incapacity to rest confidently thereafter.
We welcome contacts to our firm from readers interested in learning more about key estate planning concerns, relevant documentation and related matters.