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Trusts and A Trustee’s Duty

A trust is attainable and beneficial to anyone, not just the wealthy. You want to keep your affairs private and stay out of probate court? Maybe you have stepchildren? You want to leave money to your favorite charities? Or you…

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Why It Is Best to Have a Will and a Trust

In estate planning, wills and trusts each have specific purposes and unique advantages. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; however, the information in each should compliment…

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Wildlife Expert Retiring Due to Dementia

Famous author, TV producer and wildlife expert, Jack Hannah has decided to go into retirement due to his struggle with dementia. Known as "Jungle" Jack, he left the Columbus Zoo and Aquarium, where he served as director, then director emeritus,…

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Gift Tax Explained

Anytime there is a transfer of assets, such as property or cash from one individual to another without receiving something in return of equal value, a gift tax is assessed. The asset has to be of a certain value for…

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Get to Know Your Parents Medical Wishes

Often parents live far away from their children in the US. Managing aging parents’ or in-laws’ medical events can be a serious challenge without proper preparation and understanding of what your parents' strategy may or may not be, no matter…

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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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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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