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In addition to warm weather and sunshine, those states offer some of the country’s most tax-friendly Also, you need to consider other forms of insurance because your chances of having accidents both at home

You need to do some advance planning now to prepare for an after-death charitable donation. Shares of stock can be transferred to the charity by arranging it with the broker or by doing so in a The transfer of shares means that the charity will get the value but will not have to pay taxes on the

The state says part of the new effort will be to partner with home healthcare workers, Meals on Wheels

The scammer may demand a specific type of payment such as a wire transfer or prepaid debit card. Please be aware that some of these scammers are very convincing and they may already know some personal

While some experts believe our current inflation trends are the temporary result of pent-up pandemic In some communities, the cost of housing has surged more than 30 percent, while salaries have only increased That makes it difficult for more Americans to become homeowners. Let’s say you have $500,000 that you hope to leave to a disabled child for the purpose of buying a home By the time that $500,000 is inherited, it may not be enough to buy a home.

spouse will still be entitled to a share of the combined marital property and to live in the marital home

become incapacitated or pass away, an appointed guardian can take surviving minor children into their home It’s Time to Speak with an Experienced Estate Planning Attorney When it comes to blended families, it to consider the worst-case scenario, planning ahead can mitigate much of the stress and anxiety that comes

Can you believe that Uncle Sam wants some of that money back? Retirees Get Some Great Tax Breaks. Some states have special breaks for retirees on sales taxes and property taxes. This type of policy can help pay for home health aides or care in an assisted-living facility or nursing home.

However, now she’s stopped eating by herself and is being spoon-fed at a nursing home because, according

Are you having problems managing your home? Myth #1: “Home Is Always Better” When an aging loved one begins facing the challenges of a dementia diagnosis the first thought that family members have is that the loved one with dementia should remain in their home We built this home, we should stay in this home, and this is the best way. Sometimes it can be as easy as visiting their home or opening up their refrigerator.”

supports and services like family support, residential facility placement such as memory care or group home

When most people think of estate planning, most think about drafting wills. Although wills are certainly an important part of estate planning, sometimes they are not enough to accomplish an individual’s goals. Sometimes, in addition to a will, it is necessary to set up a trust. Trusts may be set up while the individual is still alive or may be created by a will. Although they are not a complete substitute for a will, a trust offers many benefits not found in a will. Trust advantages One of the big advantages of trusts is that they allow property subject to the trust to skip the probate process. During this process, the court determines whether the will is valid, identifies the individual’s heirs, ensures that the estate’s debts are paid, and distributes the estate’s assets according to the terms of the will (or according to the law, if the individual died without a will). Unfortunately, this necessary process can be expensive and lengthy. Since the estate foots the bill for the costs of probate, it can significantly decrease the value of the estate, especially if there are complications. Unlike a will, property in a trust skips this process entirely and is distributed according to the provisions of the trust immediately upon the individual’s death. Another helpful advantage of trusts is that they are much more flexible with regard to distribution of property than a will, as they allow individuals control over when their heirs receive their assets as well as how the assets are to be used. For example, individuals can specify that their children do not receive their inheritances until a certain age or until certain conditions have been met (e.g. finishing college). Additionally, individuals can specify how their heirs may use their assets (e.g. for educational purposes). Wills, on the other hand, do not offer this level of control. Trusts are also useful for large estates, as they can help avoid taxes. Due to the flexible nature of trusts, they can be structured in a way that minimizes or eliminates the need to pay estate taxes. Additionally, trusts can help protect the privacy of the individuals involved. Since trusts do not have to go through probate, which is a matter of public record, the terms of the trust are not accessible by the public. Speak with an attorney Although a useful option, trusts are not right for everyone. Because of this, it is wise to speak with an experienced attorney before beginning the estate planning process. An attorney can assess your situation and recommend the estate planning solution that would best carry out your goals.