Estate Planning Law
Every person, no matter what age or income level, should proactively plan for how their affairs will be handled after they pass away or if they are incapacitated.
Arlene M. Keating, LLC can make this process a reassuring one through the creation of:
Wills
A will is a written document controlling the dispositions of an individual's property at death. It may be changed at any time, and should be reviewed and updated at regular intervals (every 3-5 years) and upon major life changes (Marriages, births, deaths).
Trusts
A trust is a powerful estate planning tool. With a trust you have more flexibility in handling the assets and eventual use of those assets. Trusts are especially useful in certain tax situations, and when you have heirs you want to benefit, but to whom do would not want to give large amounts of unrestricted assets.
Durable Powers of Attorney
A Power of Attorney is a written authorization, creating an “agent” the legal power to act for the “principle.” The grantor (the “principle”) designates the “agent” to act for him or her who is usually a relative or a friend. A power of attorney is written so that it remains in effect even if you are incapacitated and cannot act for yourself. Your agent can act for you and carry on you daily affairs; personal and business.
Health Care Proxies
This is a special kind of power of attorney which names someone to make health care decisions for you when you cannot. “Health Care Proxies” are granted the power to give or withhold authorization for medical procedures and life of death decisions.
Wills
A will is a written document controlling the dispositions of an individual's property at death. It may be changed at any time, and should be reviewed and updated at regular intervals (every 3-5 years) and upon major life changes (Marriages, births, deaths).
Trusts
A trust is a powerful estate planning tool. With a trust you have more flexibility in handling the assets and eventual use of those assets. Trusts are especially useful in certain tax situations, and when you have heirs you want to benefit, but to whom do would not want to give large amounts of unrestricted assets.
Durable Powers of Attorney
A Power of Attorney is a written authorization, creating an “agent” the legal power to act for the “principle.” The grantor (the “principle”) designates the “agent” to act for him or her who is usually a relative or a friend. A power of attorney is written so that it remains in effect even if you are incapacitated and cannot act for yourself. Your agent can act for you and carry on you daily affairs; personal and business.
Health Care Proxies
This is a special kind of power of attorney which names someone to make health care decisions for you when you cannot. “Health Care Proxies” are granted the power to give or withhold authorization for medical procedures and life of death decisions.
Arlene M. Keating, LLC.
Attorney-At-Law
21 Inn Street
Newburyport, MA 01950
arlene@arlenemkeatingllc.com
978-363-1400 Office
978-510-1010 Fax
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Disclaimer
This website is not intended to constitute legal advice or the provision of legal services. By posting and/or maintaining this website and its contents, Arlene M. Keating, LLC. does not intent to solicit legal business from clients located in states or jurisdictions where Arlene M. Keating, LLC. or its individual attorneys are not licensed or authorized to practice law.WARNING - FRAUDULENT FUNDING INSTRUCTION: Email hacking and fraud are on the rise to fraudulently misdirect funds. Please call your escrow officer immediately using contact information found from an independent source, such as the sales contract or internet. To verify any funding instructions received. We are not responsible for any wires sent by you to an incorrect bank account.