Spring is a not only a good time to clean, organize and get rid of unnecessary clutter. It is also a good time to update your important documents and information. Estate planning documents and banking information need to be updated on a regular basis. Here are five important updates you should make every year:
- Will – Does your Will have an accurate list of your assets, beneficiaries and appoints a suitable Personal Representative? Throughout your lifetime you accumulate and dispose of assets. Similarity, your relationships with those around you evolve and change. Your Will should be updated to reflect these changes. If you have not created a Will you should make one.
- Healthcare Proxy and Durable Power of Attorney – Make sure the people you appointed are still the right people to act on your behalf.
- Bank, Retirement, Investment and Saving Accounts – These accounts should have your current information. You should list beneficiaries on accounts that allow you to name beneficiaries. This helps to avoid probate later.
- Insurance Policies – Do you have the right amount of coverage? Do you need to change the beneficiaries?
- Real Estate – Make sure the information contained with each deed is correct. You may want to consider the potential benefits of placing real estate into a trust or an LLC.
Reviewing and updating these items annually will help to prevent unforeseen problems and allow you to have a more relaxed summer.
Stacey Belle’s attorney said he believes it is one of the biggest sums in damages in Maryland awarded against a hotel for a bedbug case.
Source: Jury in Prince George’s County awards woman $100,000 in bedbug case – The Washington Post
Bay State officials have launched an online service that’s meant to help consumers get protection under the lemon law.
Source: New Website Helps Massachusetts Consumers Use Vehicle Lemon Law « CBS Boston
The Massachusetts Senate’s oversight body is launching an inquiry into homeowners insurance rate increases approved by the Division of Insurance (DOI) this
Source: Massachusetts Senate to Launch Inquiry Into Home Insurance Rate Hikes
Displaced tenants gathered outside of Boston City Hall on March 14, advocating that the city councilors pass a just cause eviction law.
Source: City hall hears proposal of just cause eviction law – Spare Change News
Estate Planning should be updated every time there is a major life event such as a marriage, birth, death, divorce.
Source: Dee Lee Of WBZ NewsRadio 1030’s Money Matters Does Some Estate Planning « CBS Boston
Max, Bella and their canine comrades cause more than one-third of all home insurance claims, adding $530 million a year to insurance costs. And while the n
Source: When Dogs Bite, Home Insurers Pay Average $32,000
Massachusetts Gov. Charlie Baker and the Division of Insurance announced that the United Services Automobile Association (USAA) has been approved to offer
Source: USAA to Offer Rideshare ‘Gap Protection’ Coverage in Massachusetts
With Boston snowfall comes the question of whether the city’s tenants are responsible for shoveling their own sidewalks. Here’s the answer.
Source: If you rent in Boston, do you have to shovel your sidewalk? – Massachusetts news – Boston.com