Boston and Andover Estate Planning Attorney
Estate planning in Massachusetts is a massive legal field. There are facets and intricacies that should not be overlooked, as well as mistakes and problems that can be easy to run into. Smaller issues can become larger ones with a lack of preparation. While situations can become crisis without the proper help. Olson and Olson works to help you understand and handle such delicate matters with efficiency and understanding.
Wills and Living Wills
If death occurs without a will in place then the deceased will be considered intestate. The state of Massachusetts will then have the intestacy laws put into place. What this means is that neither the deceased nor their family will have any say what happens in the issue of inheritance. A Probate proceeding will take place to dictate what happens to the proceedings with no outside input. The only way to avoid such a situation is to have a will made and ready for court reviewal.
A living will deals with wishes over what to do in terms of health care. It acts as a guide to others to understand what it is they should do in case of an individual’s incapacitation. The subject of the living will can create it it when they are fully capable and cognizant, so that their wishes are made clear for a worst case scenario. In the case of either a will conveys one’s desires during a time where they cannot provide them personally.
Durable Powers of Attorney
If an attorney is not personally appointed, then the Probate proceeding will appoint one to handle your affairs for you. This representative will handle your affairs and make decisions according to the wishes of the state rather than of you or your families. Rather than having complete control a hired attorney only has as much or as little power as specified. Which means in the case of incapacitation or death you will know that you have the exact care and representation you want.
Business Succession Planning
Any number of problems can occur during the lifecycle of any business. They can happen whether expected or not and the resulting solutions depend on the appropriate amount of preparation. Without the correct methodology of planning or help what could have been a simple complication can quickly become a crippling situation. Avoiding this and making sure your business remains protected makes sure that there is a much higher better chance to handle any and all crisis smoothly.
Revocable and Irrevocable Trusts
Having a trust is an important process that helps dictate the division of your assets in the case of death. Unlike a will, trusts allow you to have a separate entity hold unto your assets while you are still alive. The difference between revocable trusts range from subtle to blatant, but never unimportant. A firm grasp on the intricacies of both can help you make the right decision in terms of choosing what option best suits your needs and vision for the future of your assets.
When handling how best to handle the best way to keep your assets safe there is a high chance that options are available to you that may not have been considered. Massachusetts state law has plenty of legal choices that you will able to utilize in order to best insure you have the appropriate protection required for your business. You and your assets are only as protected as you want them to be. You deserve to know the full range of options available to you for asset protection.
The Lawyers at Olson and Olson accept clients in the Boston and Andover, MA areas
Olson and Olson works to get you the legal help you need to have a smooth and efficient experience. We work in the Boston and Andover areas to provide an experienced and professional option to choose from. If you are dealing with a need for estate planning lawyers, Olson and Olson is here to help you. Don’t let your business be held back by lack of options or proper legal protection.
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Call Us Today at (978) 806-7605 for Quality Representation You Can Count On!