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July 20, 2010
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What Other Planning Should I Do

LIST OF ASSETS AND DEBTS

Making a list of your assets and keeping it in a place known to your executor or other family members is of great help to them when you are not able to share that information with them. List your bank accounts, safe deposit boxes, stocks and bonds, real estate, and other assets. Also list the names and addresses of anyone to whom you owe money.

DURABLE POWER OF ATTORNEY FOR PROPERTY MANAGEMENT

In this document, you appoint another individual (the "attorney-in-fact") to make property management decisions on your behalf if you are incapacitated. The attorney-in-fact manages your assets and must do so in a prudent manner accountable to you and solely in your best interests.

DURABLE POWER OF ATTORNEY FOR HEALTH CARE

This document allows the person named as attorney-in-fact to make health care decisions for you when you can no longer make them for yourself. It may also contain statements of wishes concerning such matters as life sustaining treatment and other health care issues, and instructions concerning organ donation, disposition of remains and your funeral.


 

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  News Room  
 
Self-Proclaimed CPA Sentenced For Role In Fraud Scheme
On February 26, 2007, in Salt Lake City, UT, Lanny R. White was sentenced to 60 months in prison, three years of supervised release and ordered to ...
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Create And Discuss Your Living Will
Most of us might never have heard of Terri Schiavo if she had put her medical wishes in writing. The emotional case has many people across the coun...
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Short Form Terms For Wills And Trusts
Chapter 184B: Section 1 Terms; incorporation by reference; copy of section defining term

Section 1. The terms defined in this chapter may b...

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Common Terms

 


Today's Terms

Decedent

Definition:
A person who has died.

Swear

Definition:
To take an oath. An affirmation may be substituted.

Attorney-in-fact

Definition:
A person who is given the right to deal with another person's property or to make medical decisions for that person by a written document called a power of attorney.

More Terms >

 

Resource Center

 

 

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Hot Topics

 

  • Creating A Trust
  • Types Of Trusts
  • Modifying A Willl
  • Types Of Wills
  • Disinheriting Family
  • Selecting An Executor
  • Protecting Assests

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Massachusetts Wills & Trusts Attorney

 
If you live in the following cities and need a Wills & Trusts Attorney you should contact our Wills & Trusts Attorneys as soon as possible:

  • Amherst
  • Attleboro
  • Beverly
  • Boston
  • Brighton
  • Brockton
  • Chelsea
  • Everett
  • Fitchburg
  • Framingham
  • Holyoke
  • Lawrence
  • Leominster
  • Lynn
  • Malden
  • Marlborough
  • Medford
  • Methuen
  • New Bedford
  • Peabody
  • Pittsfield
  • Plymouth
  • Quincy
  • Revere
  • Salem
  • Taunton
  • Westfield
  • Woburn
 


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