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Estate Planning for Young Adults

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There is a common misconception that not everyone needs an estate plan. Oftentimes, their reasoning is that they may be too young, or don’t have enough assets to plan for. This couldn’t be further from the truth. Every adult needs an estate plan regardless of their age or assets. Let me demonstrate with a few examples. Michael is 19 years old. He is unmarried, has no children and owns a … [Read more...] about Estate Planning for Young Adults

Estate Planning for Young Families

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"Estate Planning for Young Families" by Attorney Laura Curry (Audio) Many young families put off estate planning and often say that they are too young, healthy or can’t afford it. But even a healthy, young adult can be taken suddenly by an accident or illness, and those with young families need estate planning precisely because others are depending on them. Getting married and having your … [Read more...] about Estate Planning for Young Families

What if Money is Left to a Minor?

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"What if Money is Left to a Minor?" by Attorney Colleen Sinclair Prosser (Audio) The attorneys at Sinclair Prosser Gasior provide assistance with structuring an inheritance you leave behind so heirs or beneficiaries can inherit as quickly as possible and so the inheritance is as protected as possible. There are many circumstances in which your efforts to leave money to a loved one can be … [Read more...] about What if Money is Left to a Minor?

Is Estate Planning Important for Young Adults?

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  For many young adults, the consequences of not having an estate plan in place can be dire.  Estate planning is not only tax and probate avoidance, but it is planning for lifetime and incapacity as well. One tragic case that many people are familiar with is that of Terry Schiavo. Terry Schiavo was a persistent vegetative state for 15 years. During the course of that 15 years, her husband … [Read more...] about Is Estate Planning Important for Young Adults?

Difficult Decisions

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  During the process of creating your estate plan, you will be forced to make some difficult decisions.  With each decision, it is important to carefully consider your choice and evaluate the consequences of the resulting circumstance. Let’s talk about what you will want to contemplate before starting your estate plan. What do you want to accomplish with your estate planning? Who do you … [Read more...] about Difficult Decisions

Free Estate Planning Seminars Next Week! Register now!

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  The estate planning seminars establishes the necessary components of an effective estate plan. The seminar is presented in a case study format profiling the life of Bill and Mary Jones. Several scenarios are used to relay the impact of estate planning issues relating to probate, disability due to incompetence, protection of government benefits for special needs loved ones, second marriages, … [Read more...] about Free Estate Planning Seminars Next Week! Register now!

Family Incentive Trust is Alternative to Disinheriting

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Recent headline news reported that actor Philip Seymour Hoffman left his entire estate to his girlfriend and nothing to his three young children, therefore disinheriting them.    It is reported that he did not want to create “trust fund kids”, or kids that live off a trust and never have to earn a living for themselves.  Through Mr. Hoffman’s planning, there is no provision for financial support … [Read more...] about Family Incentive Trust is Alternative to Disinheriting