Problems with Guardianship Abuse Leading to Calls for Reform

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We think you may find this article on guardianship abuse and calls for reform interesting… By ElderLawAnswers.com “A growing problem with adult guardianship abuse is giving rise to calls for reform of the system. Vulnerable elderly can get caught in the guardianship system, being harmed and exploited by the very process that is supposed to protect them. A guardian is someone …

Estate Planning Considerations for Your IRA

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By Fedweek.com “Many people build up so much wealth in their IRAs (often, the result of a rollover from an employer-sponsored retirement plan) that the full amount won’t be spent by the IRA owner and spouse. Thus, your IRA may be a large estate asset so it should merit special attention in your estate plan. You need to name a …

The Legal Issues Behind Caregiving

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We think you may find this article outlining tips for dealing with the legal issues of caregiving helpful… By Today’s Caregiver (Caregiver.com) “Establishing a precedent when it comes to the care of a loved one is essential, especially with the legal aspects of finances and health care. Here are some points to consider when taking control over the legal responsibilities …

Estate Planning for the Digital World

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We think you may find this article on estate planning in our ever expanding digital world helpful… By Abby VanDerHeyden “What happens to your Facebook account when you die? Or, your beloved iTunes music library? Your estate plan provides for the management and distribution of your physical goods, but should it include provisions for digital assets? Absolutely! Thoughts like these …

Senior Driving Safety Tips

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We think you may find this article on safety for senior drivers helpful… By Allie Johnson “Worried your driving is getting worse as you age? It happens. But until the time comes to put down the car keys for good, there are steps you can take to turn that shaky driving into safer driving. Statistics show the rate of accidents …

Top 5 Strategies to Protect Your Money from Medicaid

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We think you may find this article outlining tips for paying for long term care while protecting your assets helpful… BY DAVID A. CUTNER “Too few older adults know and understand their rights and options regarding health care, particularly long-term care, which, to quote the New York Court of Appeals, is “ruinously expensive.” Many people simply do not want to …

Revising Your Estate Plan After Divorce

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After a divorce it is important to revisit your estate plan. If you don’t update your will, trusts, and beneficiary selections, your former spouse could still inherit your assets. We think you may find this article with guidance on revising your estate plan after a divorce helpful… By Mary Randolph “If you’re going through the emotional and financial turmoil of …

Life Insurance Proceeds Aren’t Taxable, Most of the Time

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We think you may find this article helpful… By Aubrey Cohen “Life insurance can give your loved ones financial security should you die. In most cases, life insurance proceeds are not taxable, so your beneficiaries should get the full amount available under your policy. There are certain circumstances in which life insurance benefits may be taxable, but generally they apply …

Should you give your kids their inheritance before you die?

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We think you may find this article helpful… By Libby Kane “While the word “inheritance” typically conjures up images of a will being read after a loved one’s passing, Virginia Colin says she doesn’t want to wait that long to give money to her children. “I plan to give my daughter about $20,000 soon — money that might have waited …

Top 7 Estate Planning Mistakes

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We think you may find this article helpful… By Mark P. Cussen, CFP®, CMFC, AFC “For many people, estate planning falls under the same category as going to the dentist: deal with it as seldom as possible or only when absolutely necessary. In addition, those with low incomes and low net worth often feel that estate planning is unnecessary, and …