Why You Need a Digital Asset Estate Plan
Ajemian died in a bicycle accident at age 43. With no will, his estate passed to a surviving brother and sister. As the siblings began going through his assets, they realized that having Ajemian’s emails could make it easier to identify assets and accounts. They asked Yahoo for access to the email account and...
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Why Is the VA Suspending Caregiver Assessments?
The VA’s action to suspend its caregiver assessments follows months of controversy over the Program of Comprehensive Assistance for Family Caregivers, which provides monthly financial support to about 33,000 veterans in need of full-time at-home care.
Military Times’ recent article entitled “VA to suspend all caregiver reassessments amid concerns about program rules”...
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What’s the Latest with the Queen of Soul’s Estate?
Clearing the Queen of Soul’s tax debts could clear the way for her four sons to finally take over her post-death affairs and fully benefit from revenues flowing into her estate — which could be millions of dollars.
The Detroit Free Press reports in its recent article entitled “Aretha Franklin estate says...
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What Is the Purpose of a Marital Deduction Trust?
There are numerous benefits for beneficiaries of marital trusts, including asset allocation and tax benefits. An estate planning attorney will be able to determine if they’re the right fit for you, according to a recent article titled “Guide to Marital Trusts” from Forbes.
A marital trust is an irrevocable trust used to...
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Can You Leave an IRA to a Beneficiary?
Conversations about death and legacies aren’t always easy. However, defining what matters most to a person is a good way to start estate planning. IRAs can play an important role in estate planning and legacy creation, as discussed in a recent article entitled “IRA Gifts at Death” from The Street.
Let’s say...
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What are Alternatives to Guardianship?
Guardianships are drastic and very invasive. They strip individuals of their legal autonomy and establish the guardian as the sole decision maker. To become a guardian requires strong evidence of legal incapacity, and approval by a judge, explains an article titled “Guardianships Should Be a Last Resort–Consider These Less Draconian Options...
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What’s Involved with Being a Trustee?
There’s an old saying that the two best days in a boat owner’s life are the day they buy their boat and the day they sell it.
Forbes’ recent article entitled “How To Be An Effective Trustee” says that a similar notion applies to being a trustee – it’s an honor to...
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What Does a Blended Family Need to Know about Finances?
Family finances can be a big issue in any circumstances. It’s even more significant with blended families, where two sets of often well-established financial histories and philosophies try to merge into one.
Kiplinger’s recent article entitled “Yours, Mine and Ours: A Checklist for Blended Family Finances” says that a blended family is...
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What Is Power of Attorney and Is It Important?
Most people realize the importance of the last will and testament. However, they remain unaware of the importance of a durable power of attorney. This document authorizes another person to act on your behalf while you are alive and expires upon death, as explained in a recent article titled “Power of...
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What are the Advantages of a Business Trust?
Business owner’s heads are frequently filled with a steady stream of questions concerning day-to-day activities. Long-range planning questions about how to expand the business, set business priorities, identify vulnerabilities, etc., are lost in the flood of events requiring immediate action. However, business owners need to keep both details and the big picture in mind,...
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