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How a Divorce Can Affect Your Estate Planning

The process of getting divorced is neither easy nor quick. Divorce can be an emotionally and physically draining process. There are many factors to consider that can change over time. For younger couples, children are likely a top concern. For…

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How Will Your Estate be Administered in Court?

The “probate” process, as it is often referred to, involves judicial officials, such as the Surrogate’s Court judges, appointing a fiduciary upon proper application to administer a decedent's estate. While state Surrogate Court laws may vary, the general process is quite…

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Do You Understand the Components of Estate Planning?

What is an Estate Plan? According to Meriam Webster, the legal definition of estate planning is "the arranging for the disposition and management of one's estate at death through the use of wills, trusts, insurance policies, and other devices." All adults…

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Will a Creditor Disrupt Your Probate Process?

When a testamentary dies, a personal representative (executor) makes a public record of the date of death, which may even be published in a local newspaper. In part, this information serves as notice to creditors if the decedent has an outstanding…

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Why You Need to Plan for Long-Term Care

In 1965, Medicaid was created to provide health insurance to low-income and asset-poor individuals. The state and the federal governments cooperate in delivering benefits. The state you live in makes a big difference in determining when or if you are eligible.…

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Is Your Family Prepared for Estate Planning?

The practice of estate planning is evolving due to changing family structures. As recently as thirty years ago, a traditional family comprised a husband and wife who married young, purchased a home, had children, and worked toward financial stability and security.…

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Is Your Power of Attorney Effective?

Powers of attorney are designed to authorize trusted individuals to make decisions or handle transactions on your behalf. They could be related to personal finances, business operations, or medical needs and used for a single immediate purpose or an ongoing situation.…

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