Thinking about moving abroad after retirement? You are not alone as many American people are considering the same. Financial considerations are the most compelling reason for these seniors to look overseas. The cost of living in America is very high and many people can’t afford to stay in the country after retirement, which is why…
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If you care about your family, you will try and plan your estate early enough to avoid probate. If you procrastinate on it, you will end up leaving your family in turmoil. Lack of proper estate planning leaves your family arguing about the distribution of the estate, encounter long delays and pay a lot in…
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Death is inevitable and no one in this world can live forever. Planning for the future of the next generations is important for everyone. Estate planning helps people prepare for the future and make arrangements for their loved ones. Inheritance trusts are an important part of estate planning and these trusts are drafted to ensure…
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Scenario Andrew has been in perfect health since I knew him, but a month ago he called me from his hospital bed and the person I met there was a shadow of the Andrew I’m used to. He was pale and had lost a lot of weight. Story goes that he had a growth in…
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When creating an estate plan to protect beneficiaries, many people establish a trust to hold their property and money and safeguard these assets from creditors. However, what most of them don’t know is that not all trusts can protect the family assets from creditors. If you want to wrap a security blanket around your assets…
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For you to avoid postponing your estate planning tasks, it is imperative that you find the right estate planning lawyer to work with you. After you have your financial and family information together, the next important step is to get legal help. Let us look at the top 5 steps to use to get the…
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Not every estate plan comes out successfully, some fail even before they start. Poor estate planning leads to high expenses, misunderstandings, despair and cause rifts between the beneficiaries. Without proper directives and preparation, families find themselves embroiled in arguments and indecision that is easy to be avoided with some care and foresight. Many people think…
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Now that you have crafted the best estate plan, the next step is for you to maintain it. Remember that you have come a long way creating the best plan, but now the hardest part remains – making sure it stands. Let us look at some of the questions that come up at this stage.…
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The health care proxy is simply someone that you pick to make medical-related judgments for you due to illness or disability.Coronavirus has led to thousands of deaths, and when it started spreading, people were unaware of what will happen later on. It is essential for somebody to come up with crucial medical choices for your…
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Now that you have seen the impact of coronavirus on people, you need to be ready for anything. Coronavirus affects people of all ages, races and gender. With this said, this is the perfect time to start thinking about these people that are vital in your estate plan.As it stands now, the number of cases…
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