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Communicating Your Estate Plans to Your Loved Ones

Communicating Your Estate Plans to Your Loved Ones

Creating a comprehensive estate plan is the key to ensuring your loved ones inherit your wealth. Many of us, however, overlook the importance of communicating our estate plan to family and heirs. No matter how thorough and current your estate…

What It Means to Be a Fiduciary

What It Means to Be a Fiduciary

Occasionally, you may be asked to act as a power of attorney for a family member or friend. Your loved one may be planning for when they are unable to take care of their affairs. For instance, they might become…

A Guide to Thriving as a Family Caregiver

A Guide to Thriving as a Family Caregiver

Family caregiving is becoming increasingly common in the United States. More than 53 million Americans care for ageing family members, and approximately 17% of the population serves as a caregiver. Many caregivers lose sleep, worry about their loved ones, experience…

Caregiving Across Long Distances

Caregiving Across Long Distances

According to the National Institute on Aging (NIA), long distance caregiving involves providing care to a person who lives an hour or more away. Caregiving can take many forms, including arranging for in-home care, managing money, paying bills, and providing…

Taking Steps to Reduce the Risk of Probate Litigation

Taking Steps to Reduce the Risk of Probate Litigation

Probate litigation is often exacerbated by many family circumstances. In addition, there are two fundamental reasons: families disagree on how to handle mentally incapacitated family members or disagreements on how to dissolve an estate after death. Sibling rivalry, second marriages…

Medicaid Crisis Planning – When is it Appropriate?

Medicaid Crisis Planning – When is it Appropriate?

Medicaid is a joint federal and state program that pays for long-term care costs for individuals who meet certain asset requirements. The cost of long-term care often has devastating financial impacts for Americans, particularly the elderly, and family members who…

The Powers and Limitations of a Will

The Powers and Limitations of a Will

Wills are legally binding directives that state who will inherit your assets upon your death. They are an integral part of a comprehensive estate plan. In the event of your death without a will (intestate), your assets will be distributed…

Giving is Not Always Better Than Receiving

Giving is Not Always Better Than Receiving

In the event that a loved one might need Medicaid assistance in the near future, that person should avoid giving gifts. Gifts in such situations can end up being very, very expensive for people who receive joy from generosity. Medicaid…

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