If you own a company, you need to include it in your estate plan. These documents solidify what will happen should you expire or become incapacitated. There are various tools available when building an estate plan. The following legal mechanisms limit the amount of struggle your heirs must endure. Living trusts These arrangements are like wills, […]
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Estate plans can evoke a lot of hostile feelings from the beneficiaries involved. Hurt feelings and the sensation of getting slighted are not uncommon couplings with estate planning. This is especially true among siblings who have to deal with the estate plan of a relative or loved one. But why do these spats and disagreements
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Federal, state, and local governments provide a comprehensive social safety net for individuals who cannot work because of disabilities or other special needs. Still, the benefits these programs dole out each month tend not to cover more than housing, food, and basic medical care. They certainly do not pay for luxury items. With a special
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When you write an estate plan, that is not the end of dealing with it. An estate plan needs to reflect your current life situation, which means you will have to keep it updated. So when should you review your plan in order to update things? And how often does this need to happen? Conducting
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A good estate plan will let you care for your loved ones even after your death. You can also use it to ensure that your assets go to all of the right places and get used in the right ways. Having an estate plan is important as a first step, of course. It is also
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