Four Easy to Avoid Mistakes People Make at Tax Time

It’s that time of year again: tax season. No one enjoys doing their taxes, and that is likely why many of us leave this tedious task to the last…possible…moment. As Tax Day approaches, millions of Americans are likely scrambling to track down
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5 Estate Planning Tips for Business Owners in Non-Traditional Families

Non-traditional families have a unique set of challenges when it comes to estate planning. Since single parents, blended families, unmarried partners, and other non-traditional families do not have many of the automatic protections that the law provides married couples, these families must
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I Have Established a Living Trust, What Now?

After a Living Trust is established as part of someone’s estate plan, the person setting up the Trust (the “Trustor”) usually serves as initial “Trustee”.  A Trustee is in charge of the administration of the Trust and the handling of the Trust
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New Law Change Will Have a Big Impact on Veterans

For decades the U. S. Department of Veterans Affairs has provided a benefit for veterans or their surviving spouses that can be used to pay for home care, assisted living, and for a nursing home costs. Most veterans did not know this
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5 FAQs about Medicaid Planning

Medicaid planning requires confrontation with uncomfortable realities. It’s scary to imagine that you might not be able to care for yourself one day. The solution to this fear is planning. By taking stock of your challenges, you can approach the next phase
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Shielding Your Assets and Planning for Medicaid: What You Need to Know

Medicaid planning, in theory, should be pretty straightforward. After all, millions of people depend on Medicaid to some extent to pay for late in life care. We’ve collectively had decades to work out kinks in the system. And the basic concepts underlying
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Business Planning: Small Business Owner? Know What Can Happen to Your Business If You Become Incapacitated or Pass Away

Business Planning, for your small business, preparing your company for your incapacity or death is vital to the survival of the enterprise. Otherwise, your business will be disrupted, harming your customers, employees, vendors, and your family. For this reason, proactive business planning 
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After Tax Reform, Is Estate Planning Still Necessary?

The new tax legislation raises the federal estate tax exemption to $11.2 million for individuals and $22.4 million for couples. The increase means that an exceedingly small number of estates (only about 1,800, nationally) will have to worry about federal estate taxes
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Determining the Core Values You Want to Pass to the Next Generation

Whether you run a business or just care deeply about your family, you’ve developed a strong moral code. This wisdom was hard-won. You’d like to pass it on to the people you care about most, so that they won’t have to go
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Worries About the Future Keeping You Up at Night? [A Useful Solution]

Bestselling author, David Allen, argues that our brains, like computers, have a finite amount of RAM (Random Access Memory). Although this conscious storage is limited, our unconscious mind still knows something needs doing. As Allen writes in his book, Getting Things Done:
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You and Your Spouse Profoundly Disagree About Estate Planning : A Science-Based Guide to Get Things Unstuck

Disputes over inheritance can get ugly, quickly. But what happens when loved ones disagree about estate management, even at the planning stage? Resolving these disputes can be critical, because disputes over inheritance can be devastating to a family, emotionally, and financially. If
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It’s Back to School Time Are You Leaving Something (Legal) Undone?

It’s that time of year again! The Target and Office Depot ads are running! Preparing to send our children back into the school year is one of parenting’s biggest chores and greatest reliefs (if you agree with all the advertisements). We’re busy
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When Life Doesn’t Cooperate: Preserving Your Legacy Amid a Health Crisis

Preserving Legacy is an important moving piece to your estate planning. It’s the news no one wants to hear. Uncomfortable though it may be, imagine for a moment that your doctor has just diagnosed you with a serious or debilitating medical illness,
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Estate Planning Nightmares: Barry White’s Son Sues His Father’s Estate, Widow

When done thoughtfully, good estate planning should help prevent family quarrels and protect private financial information from being brought into the public eye. Apparently, such was not the case for three-time Grammy Award winning R&B singer Barry White, who died in 2003.
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How a Large Inheritance Can Do Children More Harm than Good—and How to Prevent It

Bill had worked hard to build a successful real estate firm, eventually accumulating an estate worth $4 million. He arranged for each of his four kids to receive an inheritance of 25 percent of his assets when he died. Despite Bill’s attempts
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Estate Planning: A Deep Dive Into Charitable Planning Options (Part 1)

“I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.”                                       –Andrew Carnegie     An article posted in Money offers a startling statistic: Approximately 70 percent of wealthy families lose their fortunes by the
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