It’s understandably difficult to discuss your end of life wishes with your loved ones. Most of us usually do not earnestly talk about our passing, unless maybe to informally declare our funeral wishes. While most Americans are aware that it’s important to be prepared for one’s passing, both financially and in terms of healthcare, most
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As you begin exploring your estate planning options on how to protect your assets, you’ll likely consider either revocable or irrevocable trusts. Trusts are an excellent tool for those who want to pass their estates and assets to beneficiaries without having to go through the costly, stressful, time-consuming probate process. Comparing the benefits and downsides
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Buying a property in probate can help you get a great deal that you wouldn’t find on the regular market. However, to take advantage of this opportunity, you must be prepared to wait, wait some more, and be prepared for the unexpected at any moment. There are several ways in which the process of buying
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Estate planning is far more complex than it might seem at a glance. While any attorney or lawyer can help you draft up and implement a simple will or help you get through the paperwork needed to assign a beneficiary to your 401(k), anything more complex might require the services of an estate planning professional.
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The ability to choose what your children receive when they pass away is an important one, especially in a country where a growing number of families choose not to reflect the traditional model of a family. To avoid the manner in which many probate codes handle the inheritance of children and offspring in nontraditional families,
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Bankruptcies largely affect individuals and households – only about three percent of bankruptcies today are incited by businesses, compared to 13 percent in 1980. While bankruptcies have been on a decline since 2011, as the country began to recover from the devastating effects of the financial crisis, 772,646 cases of bankruptcy were filed in the
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When securing your estate, it pays to remember that choosing the right person for the job can make an astounding difference. You can secure your assets through trust agreements and a well-written will, but the management of your estate during and after your death will require the calm and experienced hand of a trusted friend
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Personal injury lawyers specialize in representing clients who have not been properly compensated for their injuries, either because of the long-term implications of their injuries, an insurer who refuses to pay, underinsurance, unclear liability, or other complex legal issues. While accidents are always harrowing, particularly when a person narrowly escapes with their life and suffers
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When it comes to estate planning, the complexity of your estate plan should generally match the complexity of your estate. It’s true that smaller and simpler estates call for smaller and simpler plans – but there’s more to estate planning, inheritance, and legacy management than a basic last will and testament. In most cases, you
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Not all families are harmonious, and not all estates are simple. When there’s more to your familial quarrels than a little pettiness, then it pays to be more specific and protective when it comes to estate planning. We all pass away eventually, but without exercising specific control over how your assets are distributed when you’re
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