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How Does a Special Needs Trust Work?

A trust is set up to manage a person’s assets and property, and this trust is overseen by an appointed person. The person or entity who manages the trust is known as the “trustee” and is entrusted with the responsibility…

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Is It Enough to Have a Will?

An estimated 50% of Americans do not currently have a will. While a will is a necessary document that every person who owns assets should have, it is still a relatively simple document that may not even cover everything you…

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When is Disinheriting a Child a Mistake?

Most parents choose to treat their children equally when it comes to inheriting property or money. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be…

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Equal is Equitable, Most of the Time

When it comes to deciding how to leave property to your children, the clearest choice is to divide everything into equal shares. That is the straightforward choice when all your children are doing equally well. But if not – if,…

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When is Medicaid crisis planning appropriate?

Medicaid is a joint federal and state program available to individuals who meet certain asset requirements that help them pay for long-term care (LTC) costs. Sudden necessity for long-term medical care often creates devastating financial impacts on unprepared Americans, especially…

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Contesting a Will

When a loved one dies with a will, their will lays out who shall receive their property, and which person (called the Executor) will be in charge of settling the estate. For many reasons, beneficiaries can feel slighted by what…

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Changing Your Health Care Directives in Light of COVID-19

The advent of the coronavirus pandemic forces each individual to assess their values and priorities, and overall health. The little COVID-19 clinical information relating to treatment options and likely outcomes based on personal health history should lead all of us…

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Why a Living Will is Important

A living will lays out your preferences for life-sustaining medical treatment.  It is often accompanied by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living will…

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