Where There's a Will, There's an Heir
April 8, 2009
Gina M. Barry, Esq.
We've all heard the expression, "where there's a will, there's a way," but among estate planning specialists, we have changed the old adage some, that is, to "where there's a Will, there's an heir." This saying reflects the inherent complexities involved in establishing a Will and highlights the importance of having a well crafted plan to ensure that your heirs receive your assets as intended. A Will is document in which you direct to whom your property will pass when you die. In Massachusetts, to execute a valid Will, you must be at least eighteen (18) years old and of sound mind. Your Will must be in writing, signed by you, and witnessed by at least two people who must also sign the Will. Once you have established a Will, you can change it at any time so long as you are competent. A Will directs the disposition of your probate estate, which consists of any property held in your name alone that does not have a beneficiary designated at the time you pass away. Many people attempt to avoid probate by...
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by: Gina M. Barry, Esq.
Prime
April 2009
by: Gina M. Barry
Prime
April 2009
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