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There is Much More to a Will Than Transferring Assets

In Care.com's annual estate planning survey for 2019, 57% of U.S. adults lack a Last Will & Testament (a "Will"). Participants differed significantly based on factors such as age, race, and education. For example, when broken down generationally, 66% of people…

Medicaid Planning Protects Your Home

It is likely that your most valuable asset is your home, which is true for many of us. You may want your children to inherit the value of your home when you pass away. However, you may also be concerned…

Estate Planning for Nontraditional Families

Estate planning is being transformed by changing family structures. As recently as thirty years ago, a traditional family consisted of a husband and wife who married young, bought a home, had children, and worked toward financial stability and security.  In…

Digital Estate Planning: 4 Obstacles to Avoid

With the Internet of Things (IoT) intertwined with our lives, identifying and managing the digital property you own is more important than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet…

Taking Your Parents to an Assisted Living Facility

You need to match your parents' needs, budget, and lifestyle with desirable locations when finding the right assisted living facility for them. Research and preparation yield the best results when all parties participate by asking questions and engaging in open and…

Avoid These Six Estate Planning Mistakes

Sadly, many individuals make costly mistakes without proper advice and guidance from an estate planning attorney. Estate planning ensures that your assets, interests, and those you love are protected after you die. Beyond undermining your intent and diminishing your financial legacy,…

Planning Your Estate With Life Insurance

In the event of your passing, your loved ones should not have to inherit assets only to discover they can't access them for cash expenditures. Most retirees’ assets are in homeownership and retirement accounts, requiring a sale to get cash.…

Unmarried Couples’ Estate Planning

New partnerships are forming among older Americans who have experienced widowhood or divorce (in record numbers). The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally single in their future relationships. Cohabitating…

Powers of Attorney: A Basic Overview

You should include Power of Attorney (POA) documents in your estate planning process. Most states recognize powers of attorney, but each state has its own rules and requirements. The document gives one or more individuals the legal authority to act…

The Benefits of Living Trusts for Seniors

There is no question that seniors are prime targets for financial abuse and scams. That's why senior protection plans are so important. As we age, it can become increasingly difficult to manage our assets. Most of us will, at some…

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