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Basic Estate Planning Mistakes You Can Stop Making
August 24th, 2015
Estate planning tends to get pushed to the back burner, as more pressing financial tasks take center stage. But neglecting estate planning is a huge mistake. Estate planning may involve hiring an attorney or financial advisor, but plenty of people ma…
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Estate Planning Lessons in the Death of Whitney Houston’s Daughter
August 14th, 2015
Bobbi Kristina Brown’s tragic death offers a number of poignant end-of-life lessons for parents, young adults, and seniors alike. First and foremost, health and legal experts say Brown’s death spotlights the need for establishing written advance…
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Categories: Aging Issues, Blended Families, Current Affairs, Estate Planning, Long Term Care, Power of Attorney, Probate, Television, Will
Problems Posed by Probate
August 12th, 2015
For those who have specific goals for their assets once they leave this world, an estate plan becomes an essential component of their financial plan. There are many benefits to having an estate plan, including ensuring that your wishes will be carrie…
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Desmond Tutu Peace Trust Shut Down
July 15th, 2015
One of the trusts created by retired Archbishop Desmond Tutu was quietly dissolved earlier this year in the wake of a family feud. Desmond Tutu won the Nobel Peace Prize for his efforts to end racism and corruption in South Africa. He is gener…
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Why Choose a Non-Family Trustee?
June 26th, 2015
When naming the trustees to administer a trust, the first people who come to mind are beloved family members. Some people stop there and appoint one of those family members, but they really should think twice before doing so. When creating trus…
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Keep Your Trust Ahead of State Tax Laws
May 26th, 2015
Keeping on top of federal tax laws concerning trusts is relatively simple. However, when it comes to state tax laws on trusts, staying on top of them can be an entirely different matter, especially since many trusts might be subject to taxatio…
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Would You Choose Cousin Vinny to Be the Guardian of Your Kids?
May 13th, 2015
Estate plan is a key element in any financial plan no matter what your age. Estate planning allows you to decide how your assets should be distributed upon your death. In essence it allows control from the grave! And a word of advice to t…
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Drug Testing before Inheritance?
April 3rd, 2015
Before people can receive many types of federal assistance, they are often required to pass drug tests. Should they also be required to pass drug tests before they can receive a tax free income? One representative appears to think so. D…
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Different Types of Trusts
February 26th, 2015
While all trusts share some similarities, there are many different types of trusts that you can use as part of your estate plan. For that reason, it is helpful to know what some of your alternatives are if you are considering getting a trust. Trusts…
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Revoking an Irrevocable Trust
February 6th, 2015
By the basic meaning of its title, it would seem that an irrevocable trust cannot be revoked. However, in Louisiana, a battle is waging over whether or not that is always true. Tom Benson is believed to control the largest fortune in the state…
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