Guardianship laws are meant to protect people who cannot take care of themselves. However, many people think that the laws do not do enough to protect elderly people from abuse. The process for what happens when an elderly person can no longer handle…
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Categories: Aging Issues, Current Affairs, Elder Abuse, Elder Law, Estate Planning, Long Term Care, Power of Attorney, Succession, Trust Funding, Weblogs, Will
If you do not want to be disinherited by your relatives, it might be helpful to know what actions often lead to disinheritances so that you can avoid them. Normally when someone is disinherited it comes with anger and surprise. This is because often…
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A Halloween riddle for you: What's scarier than ghosts and goblins to Americans 50 and older? Answer: Their finances. That's the upshot of the latest Country Financial Security Index, and two other surveys I've seen lately back it up.…
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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Guardianship, Inheritance, probate, Probate Court, Retirement Planning, Special Needs Trusts, Trusts, Trusts and Estates, Wills
For decades, states have granted courts the power to appoint guardians or conservators for elderly or disabled people unable to tend to their basic needs. Most appointed guardians are family members, but judges can turn to a growing industry of profe…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Long Term Care, Medicaid, Power of Attorney, Succession, Trust Funding, Weblogs, Will
The death of a loved one can create a lot of financial complexity. For families that have set up irrevocable trusts to facilitate the transfer of assets from one generation to another, the tax implications can be even more complicated. However, there…
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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Estate Tax, Gift Tax, Guardianship, Income Tax, Inheritance, Irrevocable Trust, Living Trust, power of attorney, probate, Probate Attorney, Probate Court, Tax Planning, Trusts, Trusts and Estates, Will Changes, Wills
From shirtsleeves to shirtsleeves in three generations, goes the early 20th-century American proverb. Then there's the 19th-century British version: Clogs to clogs in three generations. And from Italy, date uncertain: From the stable to the star…
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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Estate Tax, Financial Planning, Guardianship, Inheritance, Living Trust, power of attorney, probate, Probate Attorney, Probate Court, Tax Planning, Trusts, Trusts and Estates, Will Changes, Wills
If you think estate planning is for only the elderly or wealthy individuals, think again. Everyone has collected some stuff, what professionals like to call assets, possessions, investments — and don’t forget the liabilities (debt), like student…
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Tags: 401K, Beneficiaries, estate planning, Estate Planning Lawyer, Guardianship, Health Care Directive, IRA, Pension, power of attorney, probate, TOD (Transfer on Death), Trusts and Estates, Wills
When young couples expect their first child, the to-do list never seems to end. From lining up in-home help to managing hectic daily schedules, the process can prove daunting. Then there's financial planning. Financial advisors often urge parent…
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One of the most important things someone can do to best ensure their estate is handled without a hitch is to appoint the right person as the estate’s executor, sometimes called a representative. So what do you need to do if you’ve been appointed…
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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Executor, Guardianship, Inheritance, power of attorney, probate, Probate Attorney, Probate Court, Tax Planning, Trusts, Trusts and Estates, Will Changes, Wills
Natural disasters happen! Catastrophes! Accidents! Illness! No one gets out of this world alive, but we can plan to make it easier on those we leave behind. If you have accumulated assets or have minor children, you need to do some estate planning. T…
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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Guardianship, Inheritance, Planning for the Future, probate, Probate Attorney, Probate Court, Trusts, Trusts and Estates
