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Three Things You Need to Know about Cryptocurrency and Your Estate Plan
September 1st, 2022
Cryptocurrency’s popularity has rapidly increased in recent years, with more people buying and selling it. Here are three things you need to know about cryptocurrency in relation to your estate plan. Beware of the Tax Consequences Transferring your…
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Categories: Estate Planning
Important Questions to Ask When Investing in a Vacation Property
August 5th, 2022
According to the National Association of Home Builders, in 2018 there were approximately 7.5 million second homes, making up 5.5 percent of the total number of homes.[1] These vacation property homes are not only real estate that must be planned for,…
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Categories: Estate Planning
When Rock Legends Pass Away: The Possible Fates of Meat Loaf’s $40 Million Estate
June 3rd, 2022
Meat Loaf, whose real name was Michael Lee Aday, passed away earlier this year at the age of seventy-four. The singer behind 1977’s Bat Out of Hell—one of the best-selling albums of all time—experienced ups and downs befitting his larger-than-l…
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It's Not Set-It-and-Forget-It: When to Update an Estate Plan
May 26th, 2022
As we all know, life happens. There is really nothing we can do about it. However, some of the most common life events can have a dramatic effect on your estate plan meaning you will occasionally need to update your estate plan. Because if you think…
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Categories: Estate Planning
Mental Health Considerations in Estate Planning
February 28th, 2022
It is okay to not be okay. Removing the stigma of mental health starts with realizing that many people—about one in five of all US adults–are affected by mental illness. Understanding this fact can lead to more people getting the help they re…
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Categories: Estate Planning
529 Plan Changes for the FAFSA Form and What It Means for Grandparents (and Grandaunts)
February 9th, 2022
For grandparents who want to leave a legacy to their grandchildren (or grandaunts, such as myself, who wants to help out with the costs for grandnieces and grandnephews), the gift of a 529 college savings plan is an option. Not only can opening a 529…
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The Common Trust: Providing for All Your Children's Needs
January 6th, 2022
Parents strive to make their children feel equally valued as reflected in the fact that, when setting up an estate plan, parents typically divide their accounts and property equally among their children. But while parents strive to treat their childr…
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Categories: Estate Planning
What Happens to Your Social Media Accounts at Your Death?
December 13th, 2021
According to Statista, more than 295 million people in the United States use social media.[1] If you are an avid social media user, have you considered what will happen to your accounts when you die? If you have spent time creating, uploading, and sh…
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Categories: Estate Planning
Five Tips for Talking to Your Parents about Estate Planning
November 22nd, 2021
Conversations about death and dying are rarely fun. Most people avoid them because they invoke feelings about our inevitable demise. Broaching this subject and talking to your parents about estate planning can be particularly difficult. Adult childre…
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Why You Might Want to Go through Probate
November 15th, 2021
Avoiding probate is a common goal for individuals deciding how they want their money and property to be handled when they pass. It is a worthy one and is regularly promoted by estate planning attorneys across the nation. However, probate is not an in…
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