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How Do I Pay for Nursing Home Care?

by lawpromo | Medicaid Myths Families faced with having to pay for nursing home care for a loved one usually get a crash course in the limitations of Medicare and private health insurance. What they find is that Medicare will only pay for a certain amount of nursing home care and private health insurance doesn’t […]

  • Posted on: Sep 8 2017
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What Happens if a Family Member Becomes Incapacitated?

by lawpromo | The Unpopular Topic of Discussion Every Family Needs to Have Just bringing up the possibility of someone in your family becoming mentally or physically incapacitated is often difficult. We tend to think of only the very elderly needing long-term, hands-on care, but a recent report by the Alzheimer’s Association found that one in nine […]

  • Posted on: Sep 5 2017
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3 Celebrity Probate Disasters and Tragic Lessons

With extreme wealth accumulated, one would assume that celebrities would take steps to protect their estates. But think again: Some of the world’s richest and most famous people enter the pearly gates with no estate plan in place, while others have made estate planning mistakes that tied their fortunes and heirs up for years in […]

  • Posted on: Mar 10 2017
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FAQs – Why You Want to Avoid Probate

Q: What is probate? A: Probate is the process by which the court validates the authenticity of a will; appoints an executor (aka personal representative); and supervises the settlement of an estate, including the payment of bills, filing of tax returns, and transfer of assets to beneficiaries. If no will is presented, the court will […]

  • Posted on: Feb 25 2017
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The Pros and Cons of Probate

In estate planning circles, the word “probate” often comes with a starkly negative connotation. Indeed, for many people — especially those with larger estates — financial planners recommend trying to keep property out of probate whenever possible. That being said, the probate system was ultimately established to protect the property of the deceased and his/her […]

  • Posted on: Feb 5 2017
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Why a Trust Is the Best Option for Avoiding Probate

As Ambrose Bierce once darkly observed, “Death is not the end. There remains the litigation over the estate.” Obviously, ideally, when someone passes away, the paperwork and material concerns associated with the estate are so flawlessly handled (thanks to excellent preparation) that they fade into the background, allowing the family to grieve and remember in peace. In fact, […]

  • Posted on: Jan 14 2017
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3 Reasons You Want to Avoid Probate

When you pass away, your family may need to involve the chancery court to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) in only your name. Although having a will is a good basic form of planning, a will does not avoid probate. Instead, […]

  • Posted on: Dec 20 2016
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3 Tips for Overwhelmed Executors

While it is an honor to be named as an executor of a will or estate, it can also be a sobering and daunting responsibility. Being an executor (sometimes called a personal representative) requires a high level of organization, foresight, and attention to detail to meet responsibilities and ensure that all beneficiaries receive the assets […]

  • Posted on: Dec 10 2016
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What To Do After a Loved One Dies

If you’ve been appointed an executor of a loved one’s estate, or a successor trustee, and that person dies, your to-do list such as planning the funeral, coordinating relatives coming in from out of town and (eventually) meeting with a qualified probate lawyer, can be quite overwhelming. First and foremost, take care of yourself during […]

  • Posted on: Nov 21 2016
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Estate Planning: 4 Reasons We Run the Other Way

We understand that it is difficult to focus on estate planning; it sounds about as fun as having surgery. However, we also understand that we all want to make sure that our loved ones are protected and receive our hard-earned assets – regardless of whether we have $10 million or $10,000 and that those assets […]

  • Posted on: Nov 2 2016
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