Estate Planning Services in Metro West Boston
Protect Your Wealth & Legacy with a Comprehensive Estate Plan
Having a comprehensive estate plan is important if you want to ensure your assets are distributed to the correct beneficiaries when you pass away. That is why you need to consult with an experienced lawyer to make sure you have the right documents to establish guardianship and transfer wealth in accordance with your final wishes.
At Marsden Law P.C., we have been helping clients determine which types of trusts, powers of attorney, and healthcare directives they need to include in their estate plans to ensure their legacies and loved ones are protected when they are no longer around.
If you have questions about drafting a will or creating trusts for your assets, then give us a call today at (800) 828-7854 to speak with a dedicated professional at Marsden Law P.C. about your situation.
What Is an Estate Plan?
Your estate plan is a set of important legal documents that express your wishes and explain how your estate should be managed when you die or during emergency situations. A thorough estate plan includes the following:
- Irrevocable or Complex Trusts
- Health Care Proxies
- Long Term Care Insurance
- Powers of Attorney
- Guardianship for Minor Children
- Gift & Charitable Contribution Plans
- Medicaid Plans
What Are The Advantages of Having an Estate Plan?
Are you a current homeowner? Are you worried about your future and the future of your beneficiaries? An estate plan makes sure all of your assets are accounted for and plans for every situation during your life and afterwards. There are many reasons to set up an estate plan earlier rather than later, they include:
Avoiding the probate process
The probate process is lengthy and will take a large sum of money away from your beneficiaries, set up a will to avoid paying more
Decreasing Estate Taxes
Some may lose their property to state/federal taxes. You will be able to lower or abolish estate taxes with an AB/ABC trust
Care For Your Loved Ones
By making an estate plan, you can protect both the adults and children that are included in your will
Preserving Your Assets
Do not wait until you are in legal trouble to create an estate plan, it will be too late. Start early to ensure that your assets are protected without any risk
The attorneys at Marsden Law P.C. have experience putting together a variety of estate plans for our clients. Do not wait and take the risk of not having an estate plan. Call us today for more information and to schedule a consultation!
Why Do I Need a Trust?
The two most common reasons clients in Metro West Boston come to us is to establish trusts for their estates so they can avoid probate and mitigate federal estate taxes. Trusts are usually easier and less expensive to administer than wills, which is why they are a popular estate planning tool among our clients. However, if you have few assets and don’t have any children, then a simple will might be more appropriate for your estate plan.
Difference Between Wills & Trusts
The most prominent differentiating feature between a will and trust is the time they become effective. A will is valid after you pass away, but a trust is once it is made.
A will provides directions on who will receive your property and selects a person to carry out these wishes. You can also appoint a guardian for your children and make specific funeral arrangements. A will has to go through the probate process.
A trust can begin to distribute assets and property before one passes away. It remains private and does not pass through the probate process.
The West Metro Boston estate planning attorneys at Marsden Law P.C. are here to guide you through the will and trust process and make sure you know your options. Call us today to schedule a consultation.
What Is Probate?
Probate is a process that involves court supervision of the collecting of the assets of a person who has passed away, and the distribution of those assets to their heirs. Probate can be expensive and time-consuming, which is why so many people choose to hold their assets in trust. When assets are put in a trust, the successor trustee can distribute the contents of the estate to the beneficiaries without court supervision.
Our Firm in Metro West Boston is Prepared to Help
When you choose Marsden Law P.C to handle your estate planning needs, our team will ensure that all the necessary documents are finalized and executed. We will also make sure any executors are fully informed of their expectations under the terms of your estate plan. In addition, we’ll stand by your side and guide you through the legal process if you need to change your estate plan to account for any major life events that occur in the future.
“I highly recommend Marsden Law for anyone dealing with the financial (and emotional) needs of caring for an elder parent.”- Brian O.
“Knowledgeable”- Bill W.
“Professionalism, Responsiveness”- Denise K.
Responsive to Clients' Needs
Free Initial Case Consultations
Over 15+ Years of Experience
Simplify Complex Legal Matters
Flat Fee for Life Pricing
No matter the size of your estate, it is important to take the time to assess your situation and draft a comprehensive estate plan that includes a last will and testament, strategies to minimize taxes, a durable power of attorney, and guardianship for any minor children. Marsden Law P.C. will develop a custom estate plan that covers your unique needs and ensures you and your loved ones are prepared for major life events and emergencies.