Planning for Assets with Sentimental Value
When you think of estate planning, you may think of who you want to inherit your home, your financial holdings, and other higher financial value items. This is, after all, an important part of estate planning and absolutely something that merits significant reflection. Amidst all of your estate planning decision making efforts, remember to...
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Ways to Make Sure Your Children Inherit Your Home
Are you planning on leaving your home to your children after you pass away? Many people do, especially considering a home is often a person’s most substantial asset. If you know that you want your children to inherit your home, the next step is deciding on how you want to make sure this happens.
Ways...
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The Differences Between a Will and Living Trust
If you have dipped your toe into the estate planning world, you likely know that there are a plethora of legal tools that may be used in an estate plan despite most people only having a passing familiarity with wills. In fact, did you know that many people opt to put a living trust...
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Who Inherits if a Primary Beneficiary Dies?
A beneficiary is a person named in an estate plan who is designated to receive some kind of inheritance pursuant to the terms of the plan upon the passing of the creator of the plan. Beneficiaries not only play a critical role in an estate plan, but are often a central reason for the...
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Have You Ever Heard of a Pour Over Will?
While most people have heard of a last will and testament, much fewer may be familiar with a pour over will. Despite it being a lesser known estate planning tool, a pour over will can be an important addition to an estate plan. This is especially true for those estate plans that also include...
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Estate Planning Checklist
Have you put an estate plan in place yet? A strong estate plan does more than plan for the distribution of your assets after you die and, while asset distribution is important, there are other elements of estate planning that are critical as well. An estate plan can protect your wishes for your loved...
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What Happens in Medicaid Planning?
The rising cost of long-term care is a stark reality we as a society need to face. The fact that the majority of us will need long-term care at some point in our lives means that it is something we literally cannot afford to ignore. How are you planning to cover the cost of...
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Funding Your Trust With Out of State Property
Did you know that you are able to fund a trust with a variety of different asset types? It’s true! You can use cash to fund a trust. You can use securities to fund a trust. Life insurance proceeds can also be held in trust as can real property. In fact, pretty much any...
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Will My Revocable Trust Avoid Probate?
Do you have an estate plan in place? Have you included a revocable trust to take advantage of the potential creditor protection it can offer beneficiaries as well as being a way to avoid probate? That’s right. A revocable trust can be used as one strategy to avoid probate. This can...
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Does a Revocable Trust Help Avoid Probate?
A revocable trust, also commonly known as a living trust, is an estate planning tool with a variety of potential benefits. To establish a revocable trust, the testator, the creator of the trust, designates a trustee and transfers ownership of certain assets to the trust. The trustee is then responsible for managing the trust...
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