Showing posts with label estate planning. Show all posts
Showing posts with label estate planning. Show all posts

6/4/15

Time to Dust off the Cobwebs on Those Important Legal Documents

Practical Steps for a "Legal Inventory" During Legal Spring Cleaning Time
By: Atty. Steven Rosenberg

For many of us, spring indicates a time of  renewal and getting a new start.  
Taking the squeegee to the outside windows and turning over the mattress are just some of the physical spring cleaning chores at my house. 

But this time of the year should also be used for a more important cleaning than just chasing after those cobwebs in the corner. It is time to dust off those cobwebs on every legal document and legal-based plans in your life.  Every person and/or business owner reading this should use spring to review and update the legal documents that govern their business or personal life.  Just like life, laws change and your legal matters must be up-to-date to reflect these changes or the results could be less than optimal.

We’ve put together a checklist of some of the legal “to do’s” for individuals, families and business owners. So wipe off those cobwebs from those legal documents and let's do a legal inventory:

4/6/15

Where There’s A Will…..


Even If You Have a Will, You Might Want to Read This


 By: Atty. Michelle F. Rosenberg


Many of us are reluctant to think about the consequences of our own demise; and although most people are aware that it is a good idea to have at least a Will in place in the event the inevitable occurs unexpectedly, surprisingly, less than 35% of adult Americans report actually having a Will

Likewise, many who have a Will, may not know that after a life changing event like a divorce, their Will may not be legally binding. 


Without a Will, the estate of the deceased passes to the heirs via the state’s intestacy statutes (in Massachusetts, General Laws, c. 190B, §2-101 et. seq.).  The result is higher estate tax consequences, as well as an outcome which  may not only fail to fully protect and provide for the loved ones left behind, but which may also be vastly different from what the deceased intended.