A Massachusetts estate plan should contain the following basic estate planning documents:
- A will or a revocable trust, which tells your family members and the probate court how you want your estate distributed upon your death.
- A durable power of attorney for health care (also known as a health care proxy), which allows you to designate a trusted person to make medical decisions for you if you are incapacitated.
- A durable power of attorney for finances, which allows you to designate a trusted person to pay bills and make financial decisions for you if you become incapacitated.
- A living will, which enables you to tell family members and medical providers whether you want artificial life support such as feeding tubes if you are in a end-of-life situation with no hope of recovery.
Your estate planning documents can speak for you when you are unable to speak for yourself. In addition to communicating your wishes, a proper estate plan can provide asset protection while you are alive, as well as avoid or minimize probate costs and estate taxes for your heirs and beneficiaries after your death.
Our estate-planning lawyers will begin the estate planning process with a thorough review of your assets and family situation. No two families are alike, and estate plans should address the unique concerns and goals of a particular family. We can also guide you in such matters as Medicaid planning to preserve your assets while preparing for future nursing home costs.
If you have assets and family members you want to protect, contact our estate planning attorneys to discuss your options. We are conveniently located in Damonmill Square in Concord, Massachusetts, and serve clients throughout Massachusetts.