November is National Adoption Month, a month in which we focus on adoption, adoption issues, and the children within the adoption system who need permanent, loving homes. Thousands of children are adopted each year, bringing joy and love to their new families. If you’re part of one of these families, now is a great time […]
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Airbnb and similar alternatives to hotel stays are growing in popularity among homeowners and vacationers. If you’re considering opening your home to travelers, or if you have a home or other rental property that generates income, the following asset protection and estate planning considerations will be helpful. Owners Need Protection from Liability In any […]
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A revocable living trust (RLT) is a commonly used estate planning tool. But what exactly are RLTs, and what do they accomplish? Who do they impact, and how can they be changed? What Are Revocable Living Trusts? Trusts are legal entities that hold title to property for the benefit of a living person, and a […]
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An inheritance might seem like a positive event or a beneficial financial windfall, but there are several circumstances in which declining an inheritance might be a good idea. If you comply with certain requirements, the law does allow you to refuse an inheritance if you choose. This rejection is called a “disclaimer,” and is defined […]
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No grieving family wants to add identify theft to their list of worries during an already difficult time. Unfortunately, a growing number of identity thieves are targeted the identities of deceased people, using names and other identifying information to obtain credit cards, loans, refunds based on fraudulent tax returns, and even false proof of U.S. […]
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In 2008, Congress recognized the need for the public to understand the benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, even though 76% of adults view estate planning as important, a 2019 survey carried out by Caring.com shows that 57% […]
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If your loved ones or family members decide to contest your will or trust after you’re gone, the results can be financially and emotionally disastrous for everyone involved. Your loved ones can be torn apart, your wishes disregarded, and your estate depleted, and you won’t be able to control the process at that point. But […]
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Our own mortality is an unpleasant and difficult thing to think about, and even though a Revocable Living Trust and a Last Will and Testament are very important, it can at times be hard to find the motivation to sit down and complete these emotionally challenging documents. If you’ve made an effort to begin the […]
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Losing a beloved relative or friend can be overwhelming, and handling the person’s complicated affairs in the wake of such a loss only adds to the stress. During this difficult time, many families look for ways to tie up loose ends and distribute the assets of the deceased as expediently as possible. To do so, […]
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Discovering your ancestry can be fascinating, which explains why at-home DNA tests have become so popular. These kits reveal details about our pasts, and they make great gifts for loved ones. Unfortunately, these tests aren’t always fun for everyone. When a test reveals an unexpected relative or biological child, this may mean some changes and […]
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