New Year’s Resolutions
Another year has passed us by and another list of New Year’s resolutions has come and gone. We all know that life can get hectic and before you know it all of your good intentions for the New Year can slip away.
Why is getting a Will done so important? Well, for one thing, without a Will your property will be left to the people the Commonwealth of Massachusetts has determined should inherit it and not necessarily to those you want to inherit. For example, if you have step-children that you would like to inherit as if they were your biological children that can only happen with a Will in place. Or maybe it has been 20 years since you last did your Will. Did you get divorced and re-marry in the meantime? Those are important things to consider and you could unintentionally cut out your new spouse from inheriting their intended full share without an update to your Will.
What happens if you become incapacitated? Do you have a Durable Power of Attorney in place? A Durable Power of Attorney will ensure that your named agent can act on your behalf should you ever become unable to handle your financial affairs. Without one in place your loved one is forced to petition the Court to appoint a Conservator to act on your behalf. This can be a time consuming and costly process, which can be avoided by doing some simple planning in advance.
So, before you lose your steam be sure to come in and meet with one of our attorneys to get your Will and other estate planning documents in order.