Coronavirus is here with us, and in the quest to have an estate plan as fast as possible, many people are making many mistakes that ruin the chances of the family to survive when they are gone. Remember that in your rush to have an estate plan in place, you might end up with a…
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Latest info shows that coronavirus has spread to many continents, with Antarctica being the single continent that is hasn’t reported any cases from infections. Out of the 80,000 cases that have been reported, 3,000 have turned out fatal. The spread of this virus has led to widespread financial alarm with stock markets suffering a dip…
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A few months ago, no one outside the medical fraternity had heard or come in contact with coronavirus. Now, the top news on all news stations is the virus and its effects. The epidemic is spreading at a very fast rate, faster than any other previous disease that has been recorded. The condition is feared…
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It is not uncommon for people to own assets in other jurisdictions, including regions or states. This is because many people are wealthy enough to reside in different jurisdictions in their lifetime. Many people also take advantage of business opportunities in these jurisdictions, meaning that they end up setting up their assets in these areas.…
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Albert Einstein may have been a genius but he had his quirks. He was once quoted as saying that “it has become appallingly obvious that our technology has exceeded our humanity.” Considering all the new developments we have at our disposal (such as those adorable food delivery robots and Amazon’s Alexa), this stands to be…
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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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