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to know your aging parent’s financial advisor, attorney and others involved in his or her financial life

A will and/or trust is a much more thorough way of covering your bases and ensuring that your wishes left to one or more trusts, for example, with you naming the trustee and designating what you would like

understand all of your planning options, scheduling a strategy session with an elder law attorney to ensure comes time to make final decisions, always be sure to run your ideas by a Medicaid planning attorney to ensure

But while do-it-yourself estate planning may seem like a no-brainer, it is important to keep in mind Even for those who believe that they live a simpler life and have minimal assets, when you make a mistake and it has unintended consequences, unfortunately there’s no way of bringing you back to life to fix Some individuals may prefer a living Will in order to avoid probate (the need to establish the validity One of the best things that you can do for your family is to ensure that you estate planning has been

For families that have loved ones with a disability, ensuring the care for their loved one once the A Special Needs Trusts is the best way to ensure your loved one with disabilities keeps their care and

The business owner of a sole proprietorship is personally responsible for any debts the business incurs tax ID, even if your business has a storefront, employees, and assets that are clearly not personal, like In Texas, you may be able to create a buy-sell agreement with someone, like your adult children, to go

are the parent of adopted children or unadopted stepchildren, a personalized estate plan will help ensure Recalibrating plans with an estate planning attorney can help ensure every member of the family is factored While nobody likes to consider the worst-case scenario, planning ahead can mitigate much of the stress plan is alike, it is important for your personal wishes to be honored, and there is no better way to ensure

This can be nice if the surviving spouse lives in a state with its own estate or inheritance tax, since standpoint if the surviving spouse is worried about creditors’ claims or a possible new spouse later in life

Just two days before he took his own life, accused sex trafficker Jeffrey Epstein executed a new estate One of the important things an estate plan does is ensure that the deceased person’s creditors are paid Sorting that out will likely take years.

. #5: Understand life’s risk: Stuff happens in life, and not all of it is good, like a fire, disability really have three options: (1) avoid risk, which is sometimes possible; (2) transfer the risk to an insurance A living will or advance directive can be executed before they’re needed. If you own property, a living trust may help ensure that your assets are properly distributed when you

There are several steps that the community should be taking to ensure that individuals with disabilities Including: Ensuring community shelters have access points for persons with disabilities Working with

Everyday purchases, travel, and other expenses are likely to continue to rise in price. This is in spite of yearly cost-of-living adjustments for Social Security benefits designed to combat Would such a scenario make it more likely that you might run out of money? While overall rates of inflation are likely to fall to some degree, prices will inevitably get higher Most people will need over $1 million in retirement savings to ensure they don’t outlive what they have