Should Each Child Get Equal Inheritance?
Every estate planning attorney has conversations with their clients about how adult children should inherit. While most people assume siblings should all inherit equally, in many situations, equal is not always appropriate. There are many situations where an equal inheritance might be unfair, says a recent article, “How Should Your Children...
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What Does a Last Will and Testament Do?
Your will is the foundation of an estate plan, used to instruct your executor on distributing property, naming a guardian for minor children, creating a legacy and ensuring that your beneficiaries receive what you want. The will can also serve to disinherit a family member, as explained in the recent article
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Can Aspirin Make Arthritis Worse?
If you’re one of the 32 million Americans with osteoarthritis, odds, are you take pain relievers to feel better. Money Talks News’ recent article entitled “How Pain Relievers Could Make Your Arthritis Worse” reports that a new study suggests that taking a certain type of medications may not be beneficial. Taking...
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What Is Elder Financial Abuse?
According to the National Council on Aging, older Americans may lose up to $36.5 billion each year through financial abuse.
This abuse can happen to anyone, no matter the person's age, sex, race, religion, or ethnic or cultural background.
Hundreds of thousands of adults over the age of 60 are financially exploited every year.
US News and...
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Does My Estate Plan Need an ‘ePlan’?
Modern estate plans should include what’s known as an "ePlan" to manage online accounts and online data. There are four specific steps to creating an effective ePlan, says American Legion’s recent article entitled “Estate planning and online accounts.”
Create a List of Accounts and How to Access Them. Your list...
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Can I Contest Dad’s Will While He’s Still Living?
The Maryland Daily Record’s recent article entitled “Wills cannot be challenged until testator dies, Md. appeals court says” explains the Court of Special Appeals said a will or revocable trust is only a draft document until its drafter, or testator, has died.
As a result, those challenging a living person’s will or...
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What Exactly Does an Executor Do?
The executor is usually a spouse, close family member or trusted friend. If no such person is available, a qualified compensated person can be appointed under state law, according to a recent article from The Street entitled “Top Duties of an Estate Executor and How to Carry Them Out.”
The executor needs...
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How to Talk to Parents about Estate Planning
Research from the National Alliance for Caregiving (NAC) and AARP shows that more than 50 million Americans currently serve as unpaid caregivers. This number has increased by nearly 25% since 2015. Statistically, baby boomers and women take on the biggest caregiving burden when it comes to providing care for aging family members. As life...
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Are My Children Entitled to My Money?
Let’s say that one of your children hasn’t had contact with you since COVID in 2019. She’s been off the radar and never calls. You may not feel obligated to give them an inheritance.
Nj.com’s recent article entitled “We want to cut one child out of our will. Can we?” says that...
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It Is Important to Update Your Estate Plan
Individuals who have a will, a power of attorney for health care, a financial power of attorney and a living will might believe they are done with estate planning. They’re only half right. There are many reasons an estate plan needs to be revised or updated, as explained in the recent article
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