FIRST PARTY SPECIAL NEEDS TRUSTS – WHAT EVERYONE IS TALKING ABOUT BUT NOT EVERYONE UNDERSTANDS WELL. Have your ever heard of a First Party Special Needs Trust? So you or someone you know just received a settlement payment in connection with a recent car accident or work related injury. You or someone that is a…
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YOUR FACEBOOK, TWITTER, & EMAIL ACCOUNTS, TO NAME A FEW. DO YOU NEED PLANNING FOR DIGITAL ASSESTS? Who do you want to have assets to your digital footprint after you are gone? Have you ever thought about that? Would it be embarrassing/upsetting for a member of your family to see some of the photographs or…
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I AM NOT A U.S. CITIZEN. DO I NEED ESTATE PLANNING? The short and definitive answer is – ABSOLUTELY! The longer answer: If you reside in the United States and you are not a citizen, most often the same US estate and gift hurdles apply to you under Internal Revenue Code and Regulations as to…
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LIQUIDITY & LIFE INSURANCE IN MY ESTATE PLAN It is essential to address issues of liquidity as part of your estate plan. Life insurance may be used as a main liquidity resource in your estate. Some of the most commons purposes for life insurance policies are as follows: • Quick access to cash for your…
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FIVE MOST COMMON MISTAKES OF ESTATE PLANNING You may have hired an attorney to prepare an estate plan and now you believe that you are all set, but there are many common mistakes of estate planning. Let’s discuss five most common mistakes of estate planning often made by professionals without adequate experience in estate planning:…
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