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Privacy in Estate Planning

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  In these times of technology and security breaches, our personal privacy is a top concern.  If you choose a Last Will and Testament as your estate planning document, or you choose not to create an estate plan at all, and you pass away, do you realize that private, personal information will be revealed to the public?  Most people don’t, however that may be exactly what will happen in a process … [Read more...] about Privacy in Estate Planning

What Is a Medicaid Asset Protection Trust? How Does It Work?

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  If you are considering applying for Medicaid for yourself or a loved one to pay for costly nursing home expenses, you may already be familiar with the financial requirements that a person must meet in order to qualify for Medicaid. Without getting into the details of all of the rules and exceptions, for a single person to qualify for Medicaid they must have no more than $2500, can keep a house, … [Read more...] about What Is a Medicaid Asset Protection Trust? How Does It Work?

What Is A Medicaid Asset Protection Trust and How Does It Work? (Audio)

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"What Is A Medicaid Asset Protection Trust and How Does It Work?" by Attorney Jon J. Gasior … [Read more...] about What Is A Medicaid Asset Protection Trust and How Does It Work? (Audio)

Portability in Estate Planning

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  Portability was introduced under the American Taxpayer Relief Act of 2012 and is effective for married persons dying on or after January 1, 2011. It has the potential to save you greatly in estate taxes, but you must act quickly if you intend to make a portability election. Here is some background: Currently, the federal estate and gift tax exclusions are unified at 5.34 Million Dollars, … [Read more...] about Portability in Estate Planning

“Portability in Estate Planning” (Audio)

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  "Portability in Estate Planning" by Attorney Brooke J. Shemer … [Read more...] about “Portability in Estate Planning” (Audio)

Divorce, Opportunists and Lawsuits: The Top 3 Risks that Cause Parents Worry

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 The top three risks that parents worry about are:  Divorce, Opportunists, and Lawsuits.  Many clients are concerned about the son-in-law and daughter-in-law divorcing their child and walking away with a big chunk of their estate.  And why shouldn’t they worry?  With a divorce rate in America topping every other country, the chances of your kids having a long and happy marriage are not good.  … [Read more...] about Divorce, Opportunists and Lawsuits: The Top 3 Risks that Cause Parents Worry

What Happens to Tangible Personal Property When Settling an Estate

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 Part of the process when settling an estate after someone has died is to consider their tangible personal property, i.e. furniture, jewelry, china, crystal, artwork, electronics, and vehicles.  The first duty of the representative of the estate is to obtain an appraisal of these items.  The appraisal is needed to determine the value of the property before distribution and taxes can be considered … [Read more...] about What Happens to Tangible Personal Property When Settling an Estate

What Happens to Tangible Personal Property When Settling an Estate? (Audio)

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  "What Happens to Tangible Personal Property When Settling an Estate? " by Attorney Colleen Sinclair Prosser … [Read more...] about What Happens to Tangible Personal Property When Settling an Estate? (Audio)