Estate Planning and Probate Attorney Serving Wellesley
Plan for Tomorrow Today
An estate plan provides you the opportunity to craft your legacy. It gives you the chance to account for your assets and decide how and to whom they’ll be redistributed. Ultimately, your estate plan will protect the future you envision for yourself and solidify how you’re remembered by your heirs.
Our firm is dedicated to providing a personalized approach to our Wellesley clients. As attentive professionals, we will listen to your wishes and carefully evaluate your case to recommend the trusts, healthcare directives, powers of attorney and other components you may choose to include in your estate plan that will help you achieve a future well-suited for you and your loved ones.
Contact Marsden Law P.C. today for help creating your estate plan.
Drafting a Thorough Estate Plan
Estate plans perform best when they consist of the necessary documents and formalized decisions to account for yourself and the care you want to receive, as well as your property and how you’d like it to be distributed.
Some of the components to consider incorporating in your estate plan include:
- Charitable contribution plans
- Healthcare proxies
- Irrevocable trusts
- Living trusts
- Long-term care
- Medicaid planning
Depending on your situation, Marsden Law P.C. will help you include some or all of these aspects, or even more.
Why Do I Need an Estate Plan?
We’ve established that an estate plan can protect your legacy once you pass. An important additional benefit is how it stands to serve you while you are still alive. Estate planning can help you prepare for the natural events that accompany aging, including preparing for long-term care, becoming eligible for Medicaid assistance, and appointing a healthcare proxy. All these considerations provide established guidelines for how you envision your life continuing and give power to another person to ensure it happens, even if you’re unable to convey and/or carry out your wishes yourself.
Probate is a court-supervised process in which assets are distributed to a decedent’s named beneficiaries. In Massachusetts, probate is not always required.
Through proper estate planning, you may be able to bypass probate for certain assets by naming beneficiaries for accounts or trusts or establishing joint ownership of property. Probate is necessary when you need to:
- Ensure the will is valid
- Reallocate property that was held solely in the decedent’s name
- Pay the decedent’s outstanding debt
- Obtain the decedent’s medical records
- File and pay the decedent’s taxes
Probate is managed by a personal representative who oversees the collection and transfer of assets to the appropriate heir. You can choose to appoint a personal representative, or executor, in your will. If you do not leave a will or it is found to be invalid, your spouse has legal priority. If you do not have a surviving spouse, your heirs will be given priority.
The probate process can be long and confusing, but it doesn’t have to be solitary. Contact our Wellesley probate attorney for the assistance you need to execute the process.For professional help with the estate planning or probate process, contact Marsden Law P.C.
“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.