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 …

If Heirs Are Fighting, Try Mediation…

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We think you may find this article helpful… By Robbie Shell Mediation—a way of settling disputes before they escalate into litigation—has grown increasingly popular in the trusts and estates field for two reasons. One, it is significantly less expensive for families than going to court, an advantage in today’s tough economy; and two, an unprecedented intergenerational transfer of wealth is …

VA Benefits For Long-Term Care of Veterans and Their Surviving Spouses

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We think you may find this article helpful… By Valerie L. Peterson Many wartime veterans and their surviving spouses are currently receiving long-term care or will need some type of long-term care in the near future. The Veterans Administration has funds that are available to help pay for this care. Unfortunately, many are not aware that these benefits even exist, …

Guardianship Considerations for Individuals with Disabilities

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We think you may find this article helpful… By Patricia Manko Guardianship is a legal means of protecting children and  “incompetent adults” (in legal terms, adults who cannot take care of themselves, make decisions that are in their own best interest, or handle their assets due to a physical or mental disability). When the court determines that a person is …

Estate Planning for Young Families

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We think you may find this article helpful… By Katie Brewer In the excitement and exhaustion of caring for young children, estate planning is probably not be at the top of your priority list. But all families, especially those with young children, should have a basic estate plan in place. If something unfortunate were to happen, your family would be …

What and When Should You Tell Your Children About Their Inheritance?

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We think you may find this article helpful… By EstatePlanning.com Not many parents like to talk to their children about their wealth. How much money people have is usually considered a private matter, something it’s not polite to talk about. But not talking to your children about how much they may inherit can leave them unprepared to handle even a modest …

How Increasing Longevity Will Shape Our World

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We think you may find this article helpful… By Richard Eisenberg The views of 4 Next Avenue Influencers In Aging I’ve been attending the 2016 Milken Institute Global Conference in Los Angeles, an annual event where 3,500 decision-makers from 50+ countries are focusing on the theme, The Future of Humankind. No biggie. So it was only natural that one panel featured four of …

Advance Directives Considerations, Facts & Myth Busting for Caregivers

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We think you may find this article helpful… by Kathy Birkett Do you know what an advance directive is, much less whether your senior (or you) has one somewhere — or should? An advance directive is defined as a written statement of a person’s wishes regarding medical treatment made to ensure those wishes are carried out should the person be unable …