Before you set up a special needs trust for a beneficiary, you need to understand a few principles and aspects. The way you design the trust dictates whether the creditors can force the trustee to liquidate the assets in the trust or wait for the income from the trust. How Can You establish a Special…
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To value the deceased person’s intention is the primary purpose of the inheritance law of any state. The probate law respects the estate owner’s decision in his will about the distribution of his assets that he made with complete freedom. But the probate process has never been so simple. The challenge against the validity and…
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Several unique aspects are associated with raising a special needs child. Families need to exercise a lot of caution to ensure that their decisions do not impact these children negatively. One area where caution is necessary is during estate planning. The aim of making an estate plan with a special needs child in mind is…
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You have died intestate means you have died without a Will. Since death is uncertain, many people die before creating a Will stating the distribution of his assets after death. In this scenario, the intestacy laws of the concerned state determine how the assets to be distributed to his heirs. The assets include real estate,…
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For most people, raising a special child is a very rich experience in life. However, it also involves a lot of costs arising from special care, therapy, and medication. Tidbit: Research shows that raising a special child costs about $60,000 a year, with the figures varying based on the type of disability. For new parents…
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The probate court handles the distribution of the assets of a person when he dies without a Will. This process is intestate succession. The probate lawyer near me 11580 is the one we prefer to consult for the probate related issues. He knows the law of that state very well and can guide his clients…
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Tidbit: A simple error can make your disabled child lose out on any support you offer, as well as government eligibility. Some parents take planning for their children with disabilities casually. This leads to future problems when the child fails to enjoy and access their rights, benefits, and protections fully. Parents have to understand that…
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After your death, you would probably like to pass on your estate to your close family members. But what if they have to pay a huge inheritance tax to possess the property? They would end up with quite a lesser amount. To protect them from lump sum assets tax, better you hire a probate lawyer…
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Special children face so many challenges in their daily lives. Failing to plan for their future can lead to more adverse challenges in their adulthood. Sound planning ensures that special children receive the necessary resources and assistance in the years to come. Planning for the future of special children adds more responsibility to their parents.…
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Death is uncertain to everybody on this earth. Still, we hope to live a little more even after reaching an old age because we don’t want to leave our loved ones, family, and friends. But death is inevitable. So, proper estate planning is necessary to let inherit your property by your beneficiaries upon your death.…
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