32.9 Billion Reasons to Take Part In Estate Planning

The Wall Street Journal reported,” [a] ccording to the National Association of Unclaimed Property Administrators, state treasurers currently hold $32.9 billion in unclaimed bank accounts and other assets. (You can browse for unclaimed properties at MissingMoney.com.)” For the most part, this is loan beneficiaries didn’t understand about due to the fact that their loved ones […]

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Inheritance Laws

Inheritance laws are figured out on the state level. These laws come into impact when the individual who passed away left no will or his or her will is invalidated due to not following legal rules, being the item of unnecessary impact or duress, the testator doing not have the requisite capability or for other […]

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Three Responsibilities of a Trustee to a Beneficiary

The tasks of the Trustee of a trust, whether it is a living trust or a testamentary trust, surround those of any fiduciary relationship, and that implies there is not only an ethical and ethical duty, however a legal one. The responsibilities of the Trustee of a trust, whether it is a living trust or […]

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Do I Need to Spend All My Assets to Certify for Medicaid?

So, let’s state this theoretical couple with $100,000 can see down the road that the need for long term care is coming. Maybe one of them has Parkinson’s illness or Alzheimer’s. If they offer away $50,000 to their kids, how does Medicaid look at that? Once again, timing is necessary. If you are discussing wanting […]

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What Is a Governmental 457(b) Plan?

When a state or regional federal government entity establishes the plan, staff members can contribute a part of their pre-tax earnings, to conserve for retirement. There’s no tax due on the money up until it’s withdrawn from the plan. This can be a terrific advantage, because when an individual retires, they’re frequently in a lower […]

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Does My Revocable Living Trust Avoid Ancillary Probate?

If completely moneyed, your revocable living trust prevents both probate, in your state of home when you pass away, and supplementary probate, in any other state where you own property. If you do not money your trust, it will NOT avoid probate anywhere. The term “ancillary probate” is used to explain probate in a state […]

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Same-Sex Couples and Estate Planning

The added complications that same-sex couples experience may exist in obstacles of estates left after one spouse dies or with ensuring that the other partner has a legal claim for the estate assets. Additional actions are often necessary to add someone to the estate in addition to putting both partners’ names on binding legal documents. […]

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What Solutions Do Medicaid Lawyers Supply?

Medicaid is the federal program that supplies healthcare advantages to a variety of individuals consisting of uninsured individuals with low income, pregnant ladies, particular kids and handicapped people, and elderly people who require assisted living home care. In order to get Medicaid advantages people should satisfy monetary eligibility requirements. Medicaid benefits and eligibility requirements are […]

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QTIP Trust and Pre-Nup Can Cover All Bases

There are those who equate the principle of the premarital contract with the undermining of true love, but this impression is now beginning to soften. The truth is that if all marital unions were first marriages occurring in between two young grownups without any kids and no significant individual assets a prenuptial contract might certainly […]

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