Celebrity Estates – the smart and the not-so-smart ways to leave the money.
Three beloved celebrities died in 2014 – Robin Williams, Phillip Seymour Hoffman and Joan Rivers. Both their deaths and their estate planning could not have been more different. Robin Williams left behind 3 children from 2 separate marriages. During his life, Mr. Williams set up trusts for his children. The trusts are structured...
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Power of Attorney – an important document that every adult should have.
What is it? A Power of Attorney is a document that gives another person (your agent) the authority to make legal decisions and transactions on your behalf. Why do you need it? If an individual loses the capacity to act on his own behalf, then the agent can act for him. If there is no...
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5 Reasons for Asset Protection
Some people think that asset protection is only relevant when you have a bankruptcy looming in the near future. Nothing could be further from the truth. Attempting to hide your assets when there are known creditors may be classified as ‘fraudulent conveyance’ and may not be effective. Instead, asset protection is a legal...
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You can now have a savings account for a disabled child! ABLE Accounts are a new savings vehicle that everyone with a disabled relative should know about.
What are the ABLE Accounts? Not many people are aware of it, but if you have a disabled relative, you can save money for their benefit, WITHOUT jeopardizing their receipt of Medicaid or SSI. In the past, a Supplemental Needs Trust was the only option. Under the Achieving a Better Life Experience (ABLE) Act,...
You can now have a savings account for a disabled child! ABLE Accounts are a new savings vehicle that everyone with a disabled relative should know about. Continue reading…
Why Single People Need Estate Planning
Generally, most estate planning literature focuses on married individuals. However, according to the Census Bureau, in 2013 almost half of Americans age 15 and older were single. If you are single and die intestate (without a will) your money will be distributed in ways you may not like. Where the Money Will Go if...
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