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Many people sincerely intend to create a Will, but most do not actually follow through with their intentions. This is unfortunate since a well-written Will addresses many concerns that you and your family members have about your wishes and your estate. There will never be a “perfect time” to draft a will, which is why it is so important to begin working on one now. Your Will not only distributes …

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Estate Planning And A Living Will

Many people are adding a living will to their estate planning to ensure that correct choices will be made in the event they are incapacitated. This is a difficult situation to consider, but it is necessary since a living will is the only way that you can let your loved ones know what you want in certain medical and health situations.

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A common mistake people make when writing a Will is leaving all assets to one family member, usually a spouse. While there may be certain tax benefits to giving all of your estate to your spouse, there are greater benefits to making sure all family members, especially children, are going to be well cared for. What will happen in the event that something happens to your spouse? Will there be …

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Wills Are Not Just For Large Estates

Many people forgo drafting a will because they think that Wills are only necessary for people who have large estates to divide. This is a mistake for a couple of reasons. First, most people are worth more than they realize. Once you add up your assets, home, vehicle(s), jewelry, any investments or savings accounts, you may be surprised at how much you have to leave to your family.

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Your questions answered: What is Probate?

Probate is the court-supervised process of finalizing a person’s affairs and distributing his or her property after death. This becomes necessary if someone dies without a Will or any other estate planning provisions in place. A special probate court handles all aspects of administering an estate in the absence of other legal planning.

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When a Will is not enough

Using only your Will to leave benefits to a child with special needs may actually work against their future financial security. Gifts and funds that are Willed directly to an individual can in reality become an asset for the state. Since such funds are considered to be income, they may cause your loved one to lose government benefits such as Medicaid and Social Security. This reality has led some parents …

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If your loved one is in a nursing home, that home is going to be their residence for an indefinite amount of time. It is very important to know that they are truly getting the best care available. Since your loved one will be dependant on the care provided by the nursing home facility, they are put in a vulnerable position. It is important to find out if this facility …

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Caring for a loved one is a situation that many people find themselves in, and the caregiver’s status as a guardian should be made official by the law. Often times, individuals begin taking care of a relative or loved one without thinking about the need for official legal documentation. If you are managing the health and financial decisions of loved one, becoming their legal guardian will simplify many common tasks.

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The Pain of Estate Litigation

The stress and emotion involved in losing a family member can only be explained by those experiencing the loss. Truly, this is the worse time in a person’s life to have to get involved with litigation. Whether someone feels that their rights have been denied by the will and probate court, or when a will is being contested, a lawyer with experience and compassion is an absolute necessity. Nobody wants …

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