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What Happens if I Lose My Will?
February 26th, 2018
While most individuals do a fairly good job of keeping their wills and legal documents in a secure place, not everyone is quite so organized. People also commonly store wills and other important papers in places that might be less than secure, such a…
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Planning for Incapacity
February 9th, 2018
Incapacity can come as a result of old age, but also can result at any time during your lifetime if an unexpected medical condition or injury occurs. Fortunately, there are several different legal documents that you can incorporate into your estate p…
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Estate Planning for Family Farms
February 6th, 2018
Operating a farm always brings a fair amount of uncertainty, but with careful planning, you can transfer farm assets from one generation to the next, while minimizing transfer taxes to the greatest extent possible. This allows you to preserve the lar…
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Does Medicare or Medicaid Pay for In-Home Health Care?
February 2nd, 2018
There often comes a time in an older American’s life when he or she needs some degree of assistance and support, but does need to permanently reside in an assisted living facility or a skilled nursing facility. For instance, home health care is a c…
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How Gifting Relates to Medicaid Planning
January 30th, 2018
As you age, it is not uncommon for you to want pass on wealth or assets to your loved ones during your lifetime as gifts. Whether a grandchild needs funds to attend college, or a child needs money for medical expenses, it sometimes makes more sense t…
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Bearing the High Costs of Long-Term Care
January 25th, 2018
A recent Forbes article details the high costs and problems involved in obtaining and maintaining long-term care. According to the U.S. Department of Health and Human Services, over half of the individuals who are currently turning 65 will need some…
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What Legal Documents Should My College Student Have?
January 18th, 2018
Most 18-year-olds who are preparing to go to college are focused on packing everything they need, personalizing their dorm rooms, enrolling in classes, and buying textbooks. Executing estate planning documents is probably the farthest thing from thei…
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Myths About Medicaid and Long-Term Care
January 16th, 2018
There are a lot of misconceptions about long-term care and insurance coverage that will pay for this type of care. All too often, individuals believe that they have sufficient coverage to pay for long-term care when needed later in life. The fact is…
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Will Contests
January 10th, 2018
Creating a will is a way to pass on assets to future generations in a detailed and organized manner. A will allows you to set forth your intended distribution of your property and hopefully minimize conflict between heirs. In some cases, however, you…
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How Do I Avoid Tax Problems When Making Charitable Donations?
January 8th, 2018
Since many charitable donations are tax-deductible, making a donation to a charity is a popular choice at the end of the year, when people are starting to think about their tax liabilities. Whether you give in the form of cash, investments, or items…
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