Category: Estate Planning

The Responsibilities of a “Fiduciary”

It may be necessary for you to act as a power of attorney for a family member or a friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated, and they would need a

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A Guide to Living Wills: Ten Things to Know

How would you make decisions regarding your healthcare if you were seriously ill or injured? You don’t have to be old to become incapacitated. A living will, a component of an advance health care directive, can outline your wishes so that your loved ones can make informed decisions about your

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Using Free Legal Documents Online Can Be Dangerous

Choosing an agent to make decisions on your behalf is the purpose of a power of attorney. They could be related to personal finances, business operations, or medical needs and used for a single immediate purpose or an ongoing situation. This may sound pretty straightforward. When you are looking for

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Understanding Taxes and Special Needs Trusts

Often, families who care for a loved one with special needs or a disability create and fund special needs trusts. It can provide peace of mind to improve a family member’s future quality of life without jeopardizing their eligibility for government benefits. However, families must also consider the tax implications

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Considering the Major Elements of Estate Planning

You can ensure your loved ones are cared for after your death by creating an estate plan. It requires organization and strategy and begins with five key legal documents that can address many areas of estate planning concerns.   Proper estate planning can provide tax savings and asset protection so

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