Jim and Sally did everything right… or so they thought. They grew up in strong, middle class families, did well in school, and had many friends. Jim had a successful career with a local company, while Sally raised four responsible, well-adjusted children. They lived a frugal life, and saved as best they could, eventually building
Does Having A Will Avoid Probate? There is a common misconception that having a valid will allows a decedent to avoid probate. This is completely false. When someone dies without a will, they are considered “intestate”. The Massachusetts Uniform Probate Code includes several formulas for determining the division of assets when someone dies intestate. These
Frequently, people tell me that getting a will is on their long-term to-do list. It’s usually been on the list for a while. One of the reasons that so many people procrastinate their estate planning is that they don’t understand how a will works. This lack of understanding leads to intimidation, which leads to avoidance.