Many people think that estate planning consists largely of drafting documents and keeping them in safe places. Attorneys do spend the lion’s share of their time on such important matters, because these documents are your only voice once you die. But there’s also a very practical component to the work we do. Hopefully, this post
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Most people either do not have a will or have outdated wills that do not meet their current needs. Some people have the opposite problem. They may have drawn up wills when they first got married, forgot about them, and then made other wills later in life. This issue often creates protracted and expensive probate
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A will is a legally binding statement directing who will receive your property at your death. If you do not have a will, the state will determine how your property is distributed. Wills are complicated but essential. It is important to leave your assets in capable hands. By creating a valid will you can also
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Once upon a time, it was unheard of for a family member to decline a piece of property bequeathed to them by a deceased loved one, but today, it is becoming more and more common for individuals to do just that. With the housing marketing on perpetually shaky ground, and property taxes at an all
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What is an estate tax? An estate tax is “a tax on the right to transfer property at the time of death.” An estate tax does not apply to everyone’s estate; whether it applies to you depends on the total value of your estate. How rich do I have to be for the estate tax
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Older Americans may decide to adopt a pet to keep them company after their children have grown up or their spouses have died. Pets are particularly well suited for the elderly, as their presence can help lower blood pressure, reduce stress, increase physical activity, and reduce depression and loneliness. However, in such a situation, it is
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Many famous people have specified their wishes for their funerals in their wills. Star Trek creator Gene Roddenberry requested that his ashes be sent to a satellite orbiting Earth. His remains were sent into space on a memorial flight in 1997. In contrast, famed author Charles Dickens asked that “no public announcement be made of
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According to the Pew Internet Research Center, 62 percent of American adults use Facebook (and as this statistic was current as of September 2014, that number may be even higher now). These are not just young adults, but older ones. Sixty-four percent of those ages 50 to 64 and 48 percent of those 65 and
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Did you know that you can write a legally binding will at the age of 18? This may come as a surprise since wills are typically (and rightly) associated with the end of one’s life. While the average life expectancy is much older (thankfully!) than 18 in the United States (78.7 years, to be exact),
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