Asset Planning


Asset Planning

If you pass away without an estate plan (or, in many cases, even if you have a will), the Commonwealth of Massachusetts is tasked with ensuring that your assets pass to the right people. This court oversight process is referred to as "Probate." Probate is time consuming, expensive, confusing, inconvenient, and emotionally draining for everyone involved. The good news is that it's avoidable. 

In addition to Probate, many estates are subject to estate taxes. Without thoughtful planning, estates are often taxed in an inefficient manner, resulting in fewer assets passing to loved ones. 

By crafting an estate plan, we are able to preserve as many assets as possible through probate avoidance and tax planning. This can help to maximize the value of your assets while also streamlining the process by which assets are managed after death.