Preserve Your Legacy

Estate Planning | Elder Law | Special Needs Planning

Blog Posts in May, 2013

  • LONG TERM CARE AND ASSISTED LIVING COSTS: ARE YOU READY?

    Intelligent retirement planning is going to include anticipating the expenses that you may incur during your twilight years. It is not uncommon for people to require living assistance late in their lives, and this can be quite expensive. So you think that you will be eligible for Medicare when the time comes and you’re not worried about it? The fact is that Medicare won’t pay for long-term care. A ...
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  • EVERYTHING YOU NEED TO KNOW ABOUT PROBATE

    People sometimes envision a hypothetical scenario. After a funeral family members gather in private and someone very close to the deceased somberly reads the last will. This person will distribute inheritances and everything is settled. The Probate Process In fact the above is a myth. The estate must pass through the process of probate before anyone will receive an inheritance. During this process ...
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  • A LOOK AT DISPUTED ESTATE OF SHERMAN HEMSLEY

    It is important to be completely honest with your attorney and share all relevant details with the possibility of an estate challenge in mind. If you have any reason to believe that someone could step forward to challenge your wishes after you pass away you should definitely let your attorney know about it. There are things that he or she could do to dramatically reduce the likelihood of a ...
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  • $40 MILLION ESTATE SITS UNCLAIMED

    Imagine the good that $40 million could do. If you had this kind of money you would be able to do amazing things for your family. Of course, there are people who don’t have any living family members. However, if someone has ever showed you any kindness, you could repay this person in an absolutely unbelievable manner. You could also do incredible things for charitable organizations or institutions ...
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  • WEALTHY FAMILIES CAN BENEFIT FROM GENERATION SKIPPING TRUST

    With a generation-skipping trust you can keep more of your hard-earned resources in the family for a longer period of time. Why would there be any need to utilize an estate planning device like a generation-skipping trust to preserve your wealth? The answer can be broken down to three words: the estate tax. We have a federal estate tax that is imposed on assets that you are transferring that ...
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  • FUNDING A STUDENT'S COLLEGE EDUCATION

    Some people who are in a position to give life-changing amounts of money to their loved ones may take pause. If you were to give a young person a significant gift or inheritance he or she may see no reason to get an education and make an individual mark on the world. One thing you could do if you felt this way would be to convey assets into a 529 college savings plan for the benefit of a future ...
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