Once you make an estate plan, you might think that you are done. This is the case for some people. However, it is a good idea to discuss the contents of the plan with the beneficiaries so that they are aware of what's in it.
Some people don't think that they should have to explain the plan to anyone, but taking the time to do this can make it easier for your loved ones when you pass away. It is especially important to alert them if there is anything that might be surprising.
You knew that your loved one was getting older and was somewhat unhealthy, but you never expected them to pass away so suddenly. You and the rest of your family were doubly surprised when you discovered that they did not have a will.
Dying without a will means that a person has died intestate. When this happens, the laws of the state apply to the estate. These laws determine how the estate will be distributed. If your loved one has real estate or property in different states, then each state's laws will determine how it will be distributed.
If your parents are aging, you may have had more and more discussions with them about their estate plan and what their wishes will be near the end of their life. If you haven’t, now is the time, especially if you have agreed to be the executor of their estate.
The death of a loved one can be shocking if they passed suddenly, such as in an accident or a brief illness. You may experience another shock when you find out your loved one did not leave behind a will or other parts of an estate plan. Without a properly crafted plan, there is no legally permissible way to know how the deceased wanted to distribute their assets.
Dying without a will in Massachusetts
Society is shifting into a do-it-yourself mentality. The Internet offers a variety of outlets and resources that make personal projects conquerable. A person can simply type a task into a search engine, and millions of results pop up on how to go about it. Turning to online services for creating new wills is gaining popularity. This option can be cheap, quick and easy. However, like many aspects of estate planning, some matters are more complex than others.
Many people avoid thinking about death, their own or otherwise. This, among other reasons, prevents many people from creating a will. However, the future is uncertain. You may not be able to predict when you will die, but with a will you can plan some of what will happen when that time comes. Below are four of the best reasons why every adult should have a will.
Determine who gets what
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