Will - Directs the distribution of property that falls into your “probate estate,” appoints a guardian for your child(ren), appoints an “executor.” Your probate estate is all of your property that does not pass automatically to another, like IRA’s or life insurance policies which have a beneficiary designation as well as jointly held property. The executor distributes your property after your death, files probate paperwork, files your final taxes, pays off any creditors, and other administrative tasks.
Power of Attorney - Appoints someone to take care of your financial affairs if you are incapacitated.
Health Care Power of Attorney (aka, Health Care Proxy) - Appoints someone to make your health care decisions if you are unable to do so.
Emergency Guardianship Proxy - Immediately appoints someone to take care of your minor child or adult disabled child for a temporary period if you are unable to do so or if you have died. (The guardian appointment under your Will must be formalized by the Probate Court.)
Living Will (aka, Advance Directive) - Provides instructions on end of life care to your Health Care Agent.
Homestead Declaration - If you own a home, you can increase your protection from creditors by filing a Homestead Declaration.
Life Insurance, retirement accounts, long term care insurance and other financial vehicles should also be considered as part of your overall estate plan.
Trusts - there are many different forms of trusts to help you save on probate costs, estate taxes, gift taxes, or to protect your assets, provide support for your loved ones including pets (or yourself if you become disabled). Trusts give you greater control over your property after your death by directing how your money should be used and when it should be disbursed.
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The Law Office is located in Harvard, Massachusetts in Worcester County near the border of Middlesex County. Surrounding towns are Acton, Ayer, Boxboro, Groton, Lancaster, Littleton, Leominster, Lunenburg, Westford, Devens, Stow, Maynard, Berlin, Bolton, Pepperell, Townsend, West Townsend, Shirley, Clinton, Hudson, Sterling, Boylston, West Boylston, Holden