Joint Ownership Fraught With Peril

Many people, including most married couples, use joint ownership of their assets as their own self-made mini estate plan. Sometimes joint ownership works to transfer assets upon death. Quite often joint ownership does not work because a joint owner gets …

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IRAs & Beneficiaries

Most people name individuals as direct beneficiaries of their IRAs or other retirement plans. However, by naming a qualified trust as a beneficiary, your heirs could not only save taxes, but also have creditor and other protections. Qualified trusts are …

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Medicaid Eligibility-Top 8 Mistakes

1. Thinking it’s too late to plan.

 It’s almost never too late to take planning steps, even after a senior has moved to a nursing home. 2. Giving away assets too early.

 First, it’s your money (or your house, or …

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Is Equal Fair

Most parents want to treat their children fairly in giving lifetime gifts or a share of the parents’ estate. Many children believe that they are “entitled” to equal lifetime gifts and equal shares of their parent’s estates. However in this …

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Disability and Financial Powers of Attorney

Have you ever thought about what would happen to your real estate, bank accounts, investments and other property (your “stuff”) if you could not take care of them because of incapacity due to an accident, illness or injury? How would …

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Planning for tragedies makes a big difference

Many people think of estate planning as death planning. However, estate planning also includes lifetime planning which would be making sure that you are taken care of in the event you became incapacitated and also that your property is taken …

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