Before you can become familiar with estate planning, it’s imperative to understand the concept of an estate. Consider everything you own, including your car, home, bank accounts, and even personal possessions. Your estate consists of everything that is legally yours. When you’re gone, it is in your...
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Life insurance is an important policy to have when pre-planning your estate. Chances are, you will have remaining debts and taxes to be paid after death. A qualified policy can help alleviate the financial strain of an emotional family that will already be suffering your loss. If you’re still on the...
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When estate pre-planning, most Americans are familiar with the importance of having a last will and testament. Did you know that without naming a revocable living trust, your family may experience the dreaded-probate process? According to the American Association of Retired Persons, probate is the l...
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You might think your job ends once you prepare a solid plan for your estate. General reviews are as crucial as updating your plan when major life events occur. Don’t forget to periodically review your legal documentation to reflect these happenings. A General Review Even if you don’t experience a li...
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A solid estate plan is necessary for everyone, but parents with disabled children should consider it even more crucial. Do you have a plan in place regarding how your child will be cared for? Without proper planning, a child who is unable to live independently may be at serious risk for injury or le...
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You’ve heard advance directives mentioned on TV medical dramas or on the news. But what are they and how should you use them? Advance directives are legally binding agreements that determine end-of-life processes and include living wills and medical powers of attorney. It is important to note that ...
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Developing an estate plan can be the most important aspect of your end-of-life planning process. A solid estate plan can help eliminate the chance for family fights when it comes to dispersing your property, money, and possessions. You’ll need to consider many things when creating an estate pl...
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Many New York City tenants are unaware of their rights under City and State housing laws. In order to regulate the housing market, New York City and New York State have implemented rules that aim to protect tenants from drastic free market rent increases and from the fear of eviction. Many tenants a...
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A transfer-on-death deed resembles a normal real estate deed in most ways, but it only takes effect when the current property owner passes away. It provides a convenient and economical way to give your home to an heir. Unlike wills, transfer-on-death deeds don’t need to go through probate cour...
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A will is your ironclad way to disperse your assets to loved ones as you wish. Here are a few of the top reasons you may need to update this important document. Change in Marital Status If you get married after a will is already in place, it’s important to update your beneficiaries to include [&hel...
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