Estate Planning Attorney
Estate planning is more important than most people realize. While estate planning law may seem like something only the wealthy need to worry about, in reality it should be a concern for everyone. Without proper planning, you leave the Commonwealth of Massachusetts to decide what happens after you die. Letting the state make the decisions eliminates your ability to have your final wishes carried out, and is sure to be an unpleasant experience for any of your survivors.
At Infinity Law Group, we provide estate planning services for people from all walks of life. Our basic estate planning documents like wills and durable power of attorney can help you ensure that your instructions are carried out as they should be should you become incapacitated or pass away. We also provide assistance with complex trust instruments, such as inheritance or business succession. No matter how simple or how complex your estate planning needs, we can help.
Estate Planning Law
Our firm helps with a wide variety of estate planning documents, including:
When you have accumulated assets that you want to pass on to your heirs, a trust can protect you in a variety of ways. With a trust in place, you can keep your decisions from prying eyes and you can keep it out of probate, which can be costly.
Trusts are used by many, many people because they are an excellent way to exercise increased control over your estate. You have a number of options when it comes to trusts, including a life insurance trust, a real estate trust, a charitable remainder trust or a revocable trust. Our firm can help you understand your options and choose what is best for you and your loved ones.
A will is an inexpensive way to ensure that everyone knows your instructions and follows them should you die. Although it can be uncomfortable for some people to discuss such issues, in reality it does not need to be unpleasant – or something you wait until the very end for. People pass away suddenly, making a will a smart planning decision that guarantees the transfer of your assets. Your loved ones will have a much easier time knowing what to do when you put it in a legally binding document.
Another possibility everyone faces is becoming incapacitated due to illness or accident. Should this happen, you want to know that someone responsible is looking after things for you. Assigning power of attorney to someone you trust will allow the designated individual to move forward with your plans and to keep your estate from entering probate court. Expensive and time consuming, probate court is worth avoiding if at all possible.
A health care proxy is similar to a power of attorney, but it only deals with medical issues. You can decide on how you want your medical care to be handled and dictate who will make health care related decisions should you be unable to.
Health Care Directive or Living Will
If you are in a situation where you are terminally ill or involved in some other medical emergency where you are not expected to survive, we can help you draft a document that ensures your wishes are carried out. Because medical providers can sometimes be held liable for what happens in these situations, a document like this can be useful because it demonstrates that the provider is fulfilling your wishes. You remove their liability, freeing them to act as you instructed them to.
Passing Down to the Next Generation & Your FICO Score
In the process of discussing estate planning with many folks, I inevitably run into some sort or form of financial planning. A huge part of having enough to pass onto the next generation is being wise with your money and knowing how credit works. Almost all credit issued in the United States is based on the FICO score or a variant of it. Your FICO score or credit score is a score compounded by the 3 major credit bureaus (Experian, Equifax and TransUnion) and is used to determine the interest rate from a home mortgage to a car loan. A good FICO score is also crucial to getting an apartment or finding a job nowadays as many landlords and employers are checking an applicant’s credit score and equating it to that person’s trustworthiness.
myFico, the official site of the Fair Isaac Company has an article detailing what goes into generating a FICO score. Knowing what contributes to your credit score will ultimately help you to improve your score as you will know what needs to be worked on in your financial life.
Contact Our Estate Planning Attorneys Today
When it comes to issues of estate planning, there is no better time to begin than now. The future is always uncertain, and you want to know that your loved ones will be cared for and that your final wishes will be honored. Our firm offers a free initial consultation, where we can help you determine what your estate planning checklist should contain. Our services are tailored to your individual needs, whether you need a simple will or a variety of trusts.
Please contact our law firm now to get started. We are ready to help with all of your estate planning needs.