Can your child handle money?
Over time you or family members change - or unfortunate events affect one of us.
Should we consider what happens to one of us and possibly change our estate planning documents in reaction?
Yes. It happens all the time.
Being an estate planning attorney who lives and works in Lexington, MA, near Boston, Massachusetts, I daily talk with people about themselves and their families. I hear stories of many types; most of the things that happen aren't good, but that's life.
So, I hear daily of people facing illness, death, loss of job, depression. And also happy tales of college completed, the birth of children and grandchildren, new jobs, new businesses.
We mail each client twice a year a memo that mentions some of the many things that can happen to us.
We've been doing this for several years.
You may want to edit the shares of the people to whom you leave assets. It is one of the more common changes we see.
We sit down in quiet and discuss things. Many times I would not have seen the client for 10 or 20 years. Sometimes I see clients I haven't seen for 25 years.
Because the sole focus of my work is Massachusetts estate planning for the Boston area and all of Massachusetts residents, I can take the time to ponder how to deal with some sometimes tricky issues.
And then put to paper the changes to their estate planning that makes sense to people.
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