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What Your Will Can and Can Not Do (Hint: It's Not a Magic Wand)
July 12th, 2021
A will is a legally binding directive stating who will receive much of your property upon your death. Having a will allows you to appoint a legal representative or executor to carry out your bequests and name a guardian for your children. If you die…
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Beware of Undue Influence
June 14th, 2021
It’s the unfortunate truth that when our loved ones become elderly or ill, they become susceptible to manipulation from those who will defraud or steal. Targeted attacks on vulnerable older people to exert what attorneys deem undue influence consti…
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Categories: Estate Planning
“For the 99.5% Act": A Look at Proposed Changes and Estate Planning
June 7th, 2021
On March 21, 2021, Rep. Jimmy Gomez and Sen. Bernie Sanders introduced a new bill into Congress called, “For the 99.5% Act.” The bill’s introduced form is only 18 pages long, but its potential impact on federal estate and gift tax l…
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What Are Your Parents' Aging Strategies?
May 31st, 2021
In the United States, it’s very common for adult children to live far away from their aging parents. Managing aging parents’ or in-laws’ medical events can be a serious challenge without proper preparation and understanding of their str…
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The Process of Probate
May 10th, 2021
When someone passes away, there is an often-lengthy legal procedure. This involves a court overseeing the process of authenticating the will, reviewing the deceased’s assets, paying outstanding debts, and distributing the remaining property to the…
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Should You Add Your Child’s Name to Your Bank Account?
May 3rd, 2021
Even if you wanted to have another party available to keep track of bills when you’re sick or away, adding a child’s name to a bank account may be more of a hassle than it’s worth. Doing so may have unintended consequences for both you and the…
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Property Co-Ownership Can Be Risky
April 26th, 2021
Too often, people try to circumvent probate challenges by deeding property away to someone else during their lives or by putting someone else on the deed to their home. Also too often, doing this leads to unintended consequences and higher attorneys&…
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How COVID-19 Might Change Your Health Care Planning and Directives
April 19th, 2021
Since the beginning of the coronavirus pandemic, we have been forced, as individuals, to assess our values and priorities along with our overall health. The COVID-19 clinical information relating to treatment options and likely outcomes based on pers…
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Filial Responsibility: Should Your Children Be Required to Pay for Your Care?
April 12th, 2021
Nursing home care is expensive; it’s fair to say it is astronomically expensive. Costs can run $7,000 or more per month, depending on location. Hundreds of thousands of people presently need that kind of care, and the numbers are rising. Ten thousa…
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Update Your Estate Plan to Cover Pandemics
April 5th, 2021
The World Health Organization (WHO) gave name to the disease causing the novel coronavirus outbreak on February 11, 2020. The coronavirus disease of 2019 shortly after became known by its abbreviation, CO for corona, VI for virus, D for disease, and…
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