Comprehensive Estate Planning for Concord, MA Residents
There is a misconception that estate plans are reserved only for the super wealthy or those with complex estates. Others assume that estate planning is something that you can wait to begin until your later years in life, believing that such legal concerns do not affect young people. In truth, estate planning is essential for every adult living in Massachusetts, but particularly for those with significant assets, young families, business ownership, complicated investments, and those who want to ensure their children inherit what they wish.
There is also the belief that you need not focus on any other estate planning documents once you draft your last will and testament. While basic wills may be sufficient for some individuals and families, others would benefit from more extensive estate planning measures. At our Massachusetts law firm, we have extensive knowledge representing clients with complex estates, significant assets, legacies they want to protect, and family members with unique needs.
Estate planning is an important matter all adults should consider. We never know what may happen to us or when we may pass, but we want to make sure that our personal affairs are in order and that our loved ones face as little difficulty as possible after our deaths. As your legal counsel, our attorneys will explore all estate planning options to protect your interests today and into the future. To learn more about the benefits of our legal services, contact our office to schedule your initial consultation today.
Do You Need the Help of a Licensed Professional During the Estate Planning Process?
Estate planning can minimize your estate tax exposure, shield your assets from creditors, secure a future for a special needs child, avoid probate court, and effectively address beneficiary concerns. However, any slight misstep in probate, estate, or trust administration could result in all your good intentions going up in smoke. To ensure that you achieve your objectives and meet your family’s needs, we strongly recommend that you seek the professional legal representation of an estate planning law practice such as ours.
Our law firm prides itself on providing compassionate and knowledgeable legal services to every client who calls our number, contacts our website, or visits our offices. We have a history of success representing clients in the community in various areas of estate planning, elder law, business succession planning, probate administration, and more.
In addition to helping you address your needs today, we believe in forging relationships that last for years. We will represent your interests today and into tomorrow, even providing compassionate legal support to your surviving loved ones after your death. We approach every case with the respect, integrity, and dedication that it deserves because we understand that, for you, this is no mere legal matter; this is the summation of all your hard work, legacy, and family growth. We will also explore reasons to update your estate plans, such as after the death of a beneficiary, birth of a new child, marriage or divorce, and significant changes in financial circumstances, to ensure that your estate planning documents are always up to date.
What Estate Planning Services Does Our Legal Team Provide?
The estate planning process includes several tools and documents, not all of which apply to every unique situation. Only after reviewing your case and addressing your needs will we be able to determine what estate planning measures suit your goals.
Our estate planning legal team has the years of experience necessary to represent your interests in various matters related to estate plans, elder law, asset protection strategies, and more.
The legal services our law firm provides include, but are not limited to, the following:
- Creation of a durable power of attorney document, which can enable trusted individuals to make crucial decisions on your behalf if you are ever left incapacitated due to illness or injury
- Developing comprehensive asset protection strategies to shield your hard-earned personal assets from creditors, lawsuits, and judgments
- Drafting and revising wills
- Elder law services
- Establishing various types of trusts, including revocable trusts, irrevocable trusts, special needs trusts, life insurance trusts, and tax planning trusts, among others
- Estate, trust, and probate administration
- Inheritance and estate tax planning
- Long-term care planning, nursing home care planning, and Medicaid planning
- The creation of health care proxies and advance medical directives
- Updating your estate plan after significant life changes, such as divorce, the diagnosis of a new disability, or starting a new business
- And more
What is Involved in Probate, Trust, and Estate Administration in Concord, MA?
Administering the estate during the probate process, serving as a trustee, and closing an estate after death are all legally complex but highly rewarding positions of respect and responsibility.
After losing a loved one, their estate typically passes through the probate process, and an individual or entity will be responsible for administering the estate. Probate of a deceased estate includes gathering all estate property and assessing its value, collecting investment income, preparing estate tax returns, settling outstanding debts, and distributing property to designated beneficiaries and heirs. This can be a tough time for most people, as they are still in a state of grief after the loss of their beloved family members, and they would benefit from compassionate legal representation to assist them throughout the probate process.
Trustees are empowered to administer the trust according to the wishes of the trust maker and the estate plan documents. Trustees have strict fiduciary duties, and failure to uphold those duties could be met with harsh consequences. Our law firm has extensive experience assisting in trust administration, and we would be proud to lend valuable legal guidance on these matters.
Contact Our Concord Estate Planning Lawyers to Request a Consultation Today
Some estates are more complex than others and would benefit from lawyers capable of assisting them with advanced estate planning measures. For example, those with ownership of complex assets, business interests, investments, significant wealth, and even those from blended families would benefit from the legal services of attorneys well-versed in personally tailored estate planning tools. Our legal team has years of experience assisting clients throughout the Concord community in these and other related practice areas. We pride ourselves on being communicative, compassionate, and dedicated to helping our clients achieve the most satisfactory outcome for their legal matters.
To discuss your estate planning goals and better understand how we can build a lasting partnership as attorney and client, please get in touch with our Massachusetts law office to schedule an in-depth consultation today.
You may reach us at 781-675-1315.