Posts tagged as:

Estate Planning

Prepare for the Return of the Estate Tax

July 5, 2010

June has already come to an end, and Congress has not yet enacted new estate tax legislation. Although the estate tax is currently dead, it is scheduled to be reinstated on January 1, 2011. Last year, only estates valued at over $3.5 million were subject to an estate tax of up to 45 percent. But [...]

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Where Should I Store My Estate Planning Documents?

June 7, 2010

So you’ve gotten your estate planning done. Great! But now what? Where do you keep these documents so that they can be they can be used to carry out your wishes in the event of your incapacity or death? Here are a few suggestions: Estate planning documents can be stored in your home A secure [...]

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Estate Planning Can Help Parents Prevent Family Feuds

May 3, 2010

I have three children who get usually get along. But virtually every day, they squabble about something trivial. For example, they may argue over who gets to eat the last banana or container of yogurt in the fridge. Or they may bicker over a Lego block that each needs to complete their unique creation. As [...]

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Do-It-Yourself Estate Planning Mistake Disinherits Child

April 14, 2010

My daughter recently brought a book home from school titled “Separate Ways.” It’s a story about a husband and wife who are having marital difficulties, and their two children who are dealing with anxiety caused by the conflict. In the book, the parents eventually decide to divorce but reassure their children that the divorce will [...]

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Estate Planning for Special Needs Children

April 12, 2010

Estate planning is important for all families, but especially so for families with a special needs child.  This is because without appropriate estate planning, a well-meaning parent can inadvertently disqualify his or her special needs child from receiving government benefits. Government Benefits for Special Needs Children Supplemental Security Income (SSI), Social Security Disability Insurance (SSD), [...]

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What is a Durable Power of Attorney?

April 5, 2010

A durable power of attorney is a written document that creates an agency relationship between a principal, the person granting authority, and an agent or attorney-in-fact, the person who whom authority is granted. By signing a durable power of attorney, the principal authorizes another person to engage in specified business, financial and legal transactions on [...]

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