The definition of children in estate planning is twofold – it can mean those offspring that are below the age of 18, or it can mean any offspring of any age.This chapter looks at minor kids because they are a critical part of any succession plan. Let us look at the intricacies that make up…
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There was a time when trusts were mostly used by affluent people to pass down their wealth without incurring tax obligations. Today, a trust can easily be found in an average person’s estate plan. There are several different trusts that are employed for accomplishing a number of goals and one of the most common is…
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When it comes to estate planning, get prepared to handle a few issues that relate to human emotions and law. When it comes to legal matters, you shouldn’t have any issue because an estate planning lawyer is ready to do everything for you. It is the emotions and the blend in property that can lead…
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From all the movies, TV shows, and real-life instances we have experienced, we have all learned that marriage changes a lot of things. Finding true love and making promises of everlasting love and companionship are life milestones. But no matter how enamored and enraptured you are with your better half, tying the matrimonial knot shifts…
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Pets have become a good companion for people of all ages. And when the people depart, they usually decide to designate their pets as an heir of part of the estate.We have seen pet lovers that have left vast estates to their furry friends, and we wonder how this happens. Today we look at the…
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If you have been researching about securing the future of your children with special needs, spending a lot of time with other parents who are in a similar situation as yours or reading various articles about estate planning for special needs, you must have gotten the idea of putting a portion of your estate in…
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For most people, the family home represents a vital part of the estate we own. Losing the home is one of the most dreaded events that can happen to us. This is because apart from the monetary value that is attached to the home, we are also emotionally attached to it. Studies show that more…
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In this constantly progressing business world, starting your own business can be quite an overwhelming process. Owners of startup businesses usually spend all their time investing their efforts and money in their work, trying to foster maximum growth and success. However, what they fail to realize is that not taking enough time to plan ahead…
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You can come up with estate plans on how your wealth will be shared when you pass away, but has the thought ever crossed your mind that both of you might die the same day, or a few weeks apart? When coming up with a will, the common thought is that your estate will be…
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With the boom in demand for cryptocurrency came due speculation. The sudden increase in bitcoin’s value and others confounded many, and while some got attracted by unbelievable profits, others were skeptical of its authenticity. Dealing in digital currency can be daunting. But if you’re here, then you probably already have or are planning on investing…
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