Blog Posts in 2012

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Estate Planning For Younger Families

Getting married can be an exciting time for young couples, as they are filled with love and ready to begin their lives together. While this is a joyful time for these new, young couples, many times ...
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Inheriting Debt: What to Do

Most children hope that they will be granted a large sum of money in the form of an inheritance from their parents someday. They imagine buying their dream car or financing their mortgage with the ...
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Learning from the Stars: Celebrity Estate Planning Mistakes

Estate planning is a complicated endeavor, and you shouldn’t try to draft a will, set up trusts, or divide your possessions without the help of a probate attorney. There is a lot to learn about ...
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Can you Terminate a Trust Fund?

If you are the heir of a trust fund, you may want to terminate the trust and remove the assets that are therein. As well, as the creator of the fund you may decide to change your mind and terminate a ...
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What is a Psychiatric Advance Directive?

Five percent of all Americans have a serious, chronic mental disability. Studies show that half of all Americans will be affected by some sort of mental illness at some point in their lives. This can ...
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Estate Planning and Blended Families

Not all families are typical. In fact, most families in this day and age are not a mother, father, and biological children. There may be step-children, half-sisters and half-brothers, adopted ...
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How to Set up a Tax ID for your Estate

If you will be administering an estate, then you are going to need to obtain a tax identification number first. This is often referred to as TIN or employer identification number (EIN.) The TIN is ...
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Corporate Trustees: What are They and Should you Get One?

If you created a trust to protect your beneficiaries, then you might want to name a corporate trustee to guard the assets, rather than a family member. Even the family that you love and trust most may ...
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What is Your Net Worth?

If you are planning your will and determining what you want to do with your fortune when you pass away, it’s important that you know what your net worth is. You are going to have to take steps ...
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Make a Plan for your Prized Collection

Many people love to collect, and those collections can end up being incredibly valuable later on in life. Whether you have a case of Elvis memorabilia or a stack of baseball cards, your collection ...
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Planning for your Business Exit in Today's Market

When we think of estate planning, we normally think about the assets that we will leave behind for our children and grandchildren upon our deaths. Yet estate planning also includes all plans for ...
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How to Create a Health Care Proxy

While we wish we were immortal, the fact is that every person on earth eventually ends his or her life. During the later stages of living, aging Americans often run into health complications. Some ...
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Attempting to Avoid Family Inheritance Spats? Try This!

If your family already argues over insignificant issues, and your children already don’t get along, then you can only guess that the arguments will surmount when it comes to inheritances ...
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Estate Planning and Children's Accounts

If you want to will away your fortune to your children and grandchildren in the future, you should probably start planning now. You can set up trust funds which will automatically gran finances to ...
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Should you Prepay your Funeral?

The costs of a funeral can add up, and when a loved one succumbs to sudden death, scrambling together the supplies for a memorial service can seem hectic and expensive. For men and women who are ...
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$1 Million Suit Against Estate Companies Considered Frivolous

In December of 2007, three residents of Texarkana, Texas filed a lawsuit against estate companies in the state, claiming that they were cheated into buying pointless living trusts. The three ...
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How to Contest a Will

You thought you would be the beneficiary to your parents’ large fortune, but what if when they die, they leave behind a will that excludes you entirely? That’s exactly what happened to ...
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Ways to Include your Home in Your Estate Plan

Homes are one of our most valuable assets. Along with being a financial investment, your home is also a place full of memories. You have probably spent countless hours in your home and have come to ...
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What is an Advanced Directive?

Have you created an advanced directive with the help of an estate planner? If you haven’t, then chances are that you should start working on this end-of-life plan right away. An advanced ...
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The Different Types of Private Trusts

There are many different types of trusts to choose from when estate planning. When someone mentions a trust, they are usually referring to an express trust. This is a tri-party relationship in which a ...
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Give Now, Reduce Taxes Later!

If you are planning to give some of your fortune away at the time of your death, you may want to act now instead. According to Estate Planning, your estate will have to pay taxes the net value s more ...
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Probate for Business Owners: Who Will Take Over?

If you own a business, then you may want to start thinking about what will happen to your company when you make your exit in the future. It’s inevitable that somewhere in the forthcoming years ...
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Lessons to Learn from the Michael Jackson Estate Battle

The Jackson family is involved in a tense, high pressure family feud concerning the custody of the children and the future of Jackson’s sprawling Neverland estate. According to ABC News, the ...
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Estate Tax Battle in California Shows the Dangers of Clauses

The Tweten family entered a world of confusion and frustration when they were faced with a $100 million estate battle during the year of no estate tax. In 2010, there was no estate tax, this being a ...
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Retirement, Estate Planning, and Marriage After 60

If you are over 60 and looking to tie the knot again, then it may be in your best interest to include estate planning in your list of wedding to-dos. Couples that are over 60 and looking to blend ...
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