“No matter how much or how little you have, estate planning determines the future of your belongings, your money, and your family if you are incapacitated or after we pass… only 32% of American adults have a will or other estate planning documents, according to Caring.com’s 2020 Estate Planning and Wills Study, because they simply haven’t gotten around to it or believe they don’t have enough assets.” There is no minimum asset requirement for this…do you have people and things you wish to protect – you have an estate!
There are online DIY options for this, as there are for almost everything, however, “trying to save a few hundred dollars in up-front costs can end up costing your heirs thousands later on…[MA] has very specific requirements that must be met for your will and other estate planning documents to be valid. If these requirements aren’t met, if the language isn’t correct or the wording is imprecise, your instructions could be thrown out and your affairs handled according to state law.”
If you’ve ever written an “out of office” memo for your colleagues, or an “in case of emergency” note for a caregiver…you’ve already written a “plan.” Now let’s do this for you, your family, and your stuff!
I’ve heard this is “on my top-5 list of things to do, but I never seem to get beyond the 3rd item.” Let’s get you started on your way to crossing this perennial item off your To-Do List for 2021 click here to schedule a no-fee 20-minute consultation (MA residents only).
Business Insider – “What Is Estate Planning” – Janice Berry-Johnson, January 21, 2021