• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Before Header

Your Lawyer through the Lifespan™  774-203-9003

  • Facebook
  • LinkedIn
  • Twitter

Walecka Law, P.C.

  • About
    • Events
    • Testimonials
  • Blog
  • Practice Areas
    • Estate Planning
    • Elder Law
    • Estate & Trust Administration
    • Estate Tax Planning
    • Long-Term Care Planning
    • Special Needs Planning
    • Guardians & Conservators
  • Estate Planning
  • Elder Law
  • Contact

Mobile Menu

  • About
    • Events
    • Testimonials
  • Blog
  • Practice Areas
    • Estate Planning
    • Elder Law
    • Estate & Trust Administration
    • Estate Tax Planning
    • Long-Term Care Planning
    • Special Needs Planning
    • Guardians & Conservators
  • Estate Planning
  • Elder Law
  • Contact

Schedule a Consultation!

Now is a great time to schedule your intial consultation with Attorney Brandon Walecka to discuss all of your estate planning needs. Please contact us today.

You are here: Home / Estate Planning & Trusts / What is a Last Will and Testament and Do I Need One?

What is a Last Will and Testament and Do I Need One?

November 24, 2020

image_pdfimage_print

Written by Brandon C. Walecka, Esq.

The coronavirus pandemic getting you thinking about preparing a Will? You may be worried about how your exposure to the disease or preexisting health conditions may make you more susceptible to COVID-19. The need for an estate plan is constant, but now more than ever, we seek the peace of mind that having our affairs in order can bring.

What is a Last Will and Testament? A Last Will and Testament is a legal document that communicates your final wishes pertaining to your assets – for example, what to do with your personal possessions, whether distributing to an individual, a group, or donating them to a charity(ies), and who is responsible for making the distributions.

How a Last Will and Testament Works. Typically, you write a Will, conforming to certain legal formalities, while you are alive. Upon your passing, if you owned assets solely in your name (without a beneficiary designation, joint owner or a trust), that asset will need to pass through a process called “probate” before being distributed.

What is a Probate? Probate is the name of the process of transferring the property of a deceased person to that person’s heirs or beneficiaries.
The Massachusetts Probate and Family Court, known as the probate court, oversees the process of transferring the property of the deceased person. There is a probate court in each Massachusetts county.

If the person dies without a Will this is known as an intestate probate. The person submitting such a filing as called a Personal Representative.

Who is a Personal Representative (formerly known as Executor/ Executrix)? A Personal Representative (PR) is a fiduciary who has assumed a series of important responsibilities and duties through the probate process. A PR has a duty of loyalty, impartiality, to preserve and account for estate assets. Selecting the right person to serve as PR upon your passing is critical and should not be taken lightly.

When is a Probate Needed? Generally, in Massachusetts, anytime the decedent individually owns any real property or personal property valued at more than $25,000 a full probate is needed. If the decedent owns less than $25,000 in personal property, one car, and no real estate, a simplified process known as a “voluntary administration” can be done instead of a full probate.

What Happens if You Die Without a Will? If you die intestate—that is, without a Will—the state oversees the distribution of your assets, which it will typically distribute according to a set formula. Typically, property goes to a surviving spouse first, then to any children, then to extended family and descendants, following common law. If no family can be found, property typically reverts to the state.

This formula can have unexpected results.

In Massachusetts, if you are married and you die without a Will, what your spouse gets depends on whether or not you have living parents or descendants.

If you don’t, then your spouse inherits all of your intestate property. If you do, they and your spouse will share your intestate property in varying amounts based on the formula.

If you die without a Will in Massachusetts, your children will receive an “intestate share” of your property. The size of each child’s share depends on how many children you have, whether or not you are married, whether your children are also the children of your spouse, and whether your spouse has any children from a previous relationship.

Further complications may ensue if your children are minors, as the court will appoint a representative to look after their interests.

A Properly Drafted Will Means Peace of Mind. While obtaining professional advice when executing a Will is not a legal necessity, you should be aware that a Will must meet certain requirements as provided by state law in order to be valid.

The satisfaction in knowing that your estate plan will be distributed the way you intended. By executing a valid Last Will and Testament, you can save your family a great deal of stress, burden, and cost at an already difficult time.

The information contained in this article is not intended to make you an expert on estate planning nor is this article intended to replace the need for the advice of a professional. Rather, this article is simply intended to provide a basic understanding of why estate planning is important for everybody and a basic understanding of some of the more common estate planning tools. This article does not constitute legal advice.

Also see this same article published in Coastline Elder Services, Inc.’s September 2020 Senior Scope Newsletter. Reproduced with permission.

Filed Under: Estate Planning & Trusts, Last Will & Testament

Looking for immediate answers to your questions?

Schedule a consultation today!

Walecka Law, P.C. is an estate planning law firm to help with all of your estate planning and elder law needs.

You May Also Be Interested In:

We’re Hiring a Paralegal!

Estate Planning This Holiday Season

We Make House Calls!

Forbes Article: IRS Announces Estate And Gift Tax Exemption Amounts For 2023

An Estate Planning Warning For Married Massachusetts Residents Who Are Not US Citizens

Do Not Leave Healthcare Decisions to Chance

Have You Notified Your Homeowners Insurance Company About Your Irrevocable Trust?

What is a Declaration of Homestead Exemption?

PRESS RELEASE: Attorney Brandon Walecka named Adjunct Professor at UMass Law

Previous Post: « The Importance of Health Care Documents
Next Post: Avoiding Burnout: Caregiving in a Pandemic »

Primary Sidebar

Schedule a Consultation!

Now is a great time to schedule your intial consultation with Attorney Brandon Walecka to discuss all of your estate planning needs. Please contact us today to get answers for your family.

GET STARTED

RECENT POSTS

We’re Hiring a Paralegal!

Job Description Paralegal needed for a growing solo- estate …

Estate Planning This Holiday Season

By: Brandon C. Walecka, Esq. Walecka Law, …

We Make House Calls!

Here at Walecka Law, we take pride in prioritizing our clients. …

Forbes Article: IRS Announces Estate And Gift Tax Exemption Amounts For 2023

By: Brandon C. Walecka, Esq. Walecka Law, …

An Estate Planning Warning For Married Massachusetts Residents Who Are Not US Citizens

By: Brandon C. Walecka, Esq. Walecka Law, …

Search

Our Popular Topics

Advocacy Durable Power of Attorney Elder Law Estate Planning & Trusts Firm News Gifting Health Care Proxy HIPAA Authorization Last Will & Testament Long-term care Personal Directive Probate & Trust Administration Special Needs Uncategorized

Footer

Our Practice

  • About
  • Events
  • Blog
  • Practice Areas
  • Estate Planning
  • Elder Law
  • Contact

Our Law Office

Walecka Law, P.C.
774-203-9003

P.O. Box 50992.
New Bedford, MA 02745

Brandon@WaleckaLaw.com

Contact Us

Contact our office today. We are ready to help you. There is no better time than now.
Learn How →

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • About
  • Events
  • Blog
  • Practice Areas
  • Estate Planning
  • Elder Law
  • Contact

Site Footer

Walecka Law, P.C. is an estate planning law firm with expertise in Elder Law and Estate Planning. Please read our Disclaimer.

Copyright © 2023 · Walecka Law P.C.