Should I include a trust or will in my estate plan?

When it comes to planning your estate in Massachusetts, it is important to consider all of your options, including whether or not you should include a trust or a will in your estate plan. A trust is a legal entity that manages the assets that you place into it. This trust can be used to protect your assets and pass them on to your heirs. A trust can also help reduce estate taxes and provide more control over how your assets will be distributed after you pass away. A will is another legal document that allows you to determine how your assets will be managed and who will receive them after you have passed away. Wills are important because they can help avoid disputes and litigation between family members. Whether you decide to include a trust or a will in your estate plan is ultimately up to you. Consider consulting an estate planning attorney to help you decide what is best for your particular needs and wishes. They can help you understand the benefits of each option and make sure your estate plan meets the requirements of Massachusetts law. At the end of the day, the most important thing is that you make sure your wishes for your estate are legally outlined so that it can be properly carried out when you pass away.

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Should I include a trust or will in my estate plan?

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