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Others who have personal or specifics bequests may want to sit down one-on-one with each family member Others prefer to make one-of-a-kind personal gifts to every child and grandchild, according to what they

you need to regularly update your estate planning documents and beneficiaries when your financial and personal not ultra-rich and your wealth is well below the federal estate tax threshold of $5.45 million per person Mistake #4: No Reference to Personal Property. People forget about personal property in their estate planning, which can trigger lots of fights over

Investment News’ recent article, “The most important part of a young person’s estate plan,” notes that nonetheless, there are some universal estate planning strategies that work across the board, regardless of a person Signing a POA lets a trusted person have a voice ahead of time. Also, a will is critical when a person becomes a parent. Reference: Investment News (August 3, 2016) “The most important part of a young person’s estate plan”

The NFL won’t let Benson personally guarantee promissory notes he offered in exchange for Saints shares Court filings show the NFL’s finance rules won’t allow Benson to use his personal wealth, which includes With that arrangement, the trusts could try to seize Benson’s personal assets—including the controlling

Furthermore, because a socially isolated person is not interacting enough with other people, there is

The Importance of Caring for Caregivers Many times, caregivers pass away before the person they are caring

administrative purposes but separated into accounts based on the individual’s contributions for the disabled person Unlike a Special Needs Trust, a Pooled Trust account can be created for a person with disabilities of

of the real estate in estates is sentimental, and how to leave these homes to your heirs is a very personal The planned distribution of these types of assets should be discussed long before the person’s passing in order to eliminate any fighting after the person’s death.

News recently published an article, entitled “Estate Planning – It’s a Need,” that explained how one person What if a person named in the will needs to be removed later?

officials as “exempt” property—to include one vehicle, limited life insurance, a home, a funeral plan and personal see, those limited assets may be exempt for qualifying for Medicaid, but they’re not exempt after the person Estate recovery is the process that allows Medicaid to recover the amounts it paid on a person’s behalf from that person’s estate. Usually when someone dies, the person’s family may need to initiate probate.

Your friend or loved one may see you as the person in his or her life who’s most qualified to handle This person may not feel he or she has a good second option to serve as the executor. before telling someone that you won’t serve as the executor of his or her estate: confidence in the person

That’s because there’s a difference in tax treatment of living persons vs. trusts. Also, a living person is generally the right designation for a beneficiary of a retirement account, but