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estate planning Archives

Digital assets may be included in estate plan

A person considering estate planning in Massachusetts may want to include provisions concerning an individual’s digital assets. Digital assets are a form of property scarcely conceived of in past decades. As stated by the Uniform Law Commission, digital assets include documents and account data. Digital assets encompass various types of files stored on a person’s local device, such as documents, photos or music, as well as intellectual property on web sites, data on social media accounts, and other data or documents stored in the cloud. Several states have enacted a form of the Revised Uniform Fiduciary Access to Digital Assets Act (Revised UFADAA) but Massachusetts has not.

The importance of naming a guardian for children

Although no one wants to think about the worst happening, parents with minor children in Massachusetts need to have a plan in the case of death or other situation which would make them unable to care for their kids. Naming a guardian gives that person legal responsible for the needs of a child, which typically include shelter, medical care, food and education.  

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