Category: Estate Planning

Is Your Estate Plan Prepared for a Pandemic?

The World Health Organization (WHO) named the novel 2019 coronavirus outbreak on February 11, 2020. The coronavirus disease 2019 shortly after became known by its abbreviation, CO for corona, VI for a virus, D for disease, and 19 for the year of the outbreak; COVID-19. This virus will likely become

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The Estate Planning Process for Blended Families

Stepchildren are often part of modern American families, and they are often treated the same way as full biological children, even in cases of inheritance. This is particularly true where stepchildren are part of a blended family from an early age. Biological siblings may have different feelings about a stepchild

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The Importance of Estate Planning for Those With Special Needs

A third-party special needs trust, also known as a supplemental needs trust, is an estate planning tool for parents of kids with mental/physical disabilities and the elderly. This type of trust will receive assets from you or another benefactor expressly for that person with a disability.   Goals include: leaving

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Probate: What You Need to Know

While probate sounds costly and complicated, it is actually a standard legal procedure that formally formalizes how some assets are passed from a decedent to their chosen heirs or beneficiaries. Whether or not you require probate depends on the type of property and how you own it, and the state

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