To avoid problems during estate planning, you must be aware of special considerations and issues. That begins with thoroughly understanding the state’s lengthy and expensive probate process.
Tools are available to you, such as revocable trusts, that can ensure planning, including the distribution of assets, in accordance with your final wishes. Schedule an appointment with a lawyer to help avoid issues with estate planning in New Bedford. A knowledgeable estate planning attorney could help you put your wishes in writing and ensure they are honored after you are gone.
Estate planners have many practical tools to protect their estate and beneficiaries from costly and time-consuming probate while minimizing tax liabilities.
People often forget about the importance of planning for end-of-life care. This includes drafting durable powers of attorney and completing state-specific healthcare proxies. The available tools allow planners to protect their assets, heirs, and legacy. Some effective estate planning documents include:
Everyone beginning the process has distinctive backgrounds, circumstances, and wishes. Therefore, planning and tailoring a plan to meet their desires are required.
Errors can undermine the planner’s intent while diminishing their legacy, and knowing which mistakes to avoid provides security and peace of mind. Common missteps to avoid include:
Naming a personal representative to handle the estate upon death is also vital, as the court may have to decide on the estate planner’s behalf without selecting someone. Working with an attorney in New Bedford could help a person avoid this common issue with estate planning.
Ensuring the will complies with state law is essential to prevent challenges, invalidation, and disputes among family members. Unfortunately, disagreements involving a loved one’s estate can quickly turn contentious. Creating and finalizing a basic will that complies with the rules of the statute is relatively simple.
Under Massachusetts General Laws Annotated § 2-501, the will maker must be at least 18 and of sound mind when finalizing the document. A lawyer experienced with estate planning issues in New Bedford could help with each step of the process, ensuring compliance with the law.
Estate planning is essential for every adult with assets, not just the rich or elderly. It is not easy think about what will happen after death, but planning now could help your family avoid disputes and expensive probate in the future.
A hard-working lawyer knowledgeable about issues with estate planning in New Bedford can help select the essential documents to meet your needs and draft them on your behalf.
Contact us today to schedule a private consultation.