By WebMD Get organized Keep track of important information in a care log. Identify your informal network Ask for help from people in the older person’s community, such as relatives, neighbors, longtime family friends, and members of religious, civic, and social organizations. Ask them to call ...
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Wills are designed to be ironclad documents that set forth how you want assets dispersed to loved ones. They take the guesswork — or, in some sad cases, the arguments — out of a critical moment in this very emotional process. But they’re not ironclad at all. In fact, there are several instances in w...
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By Angela Johnson, MSN Bob Marley, Prince and Aretha Franklin are just a few examples of celebrities who famously died without a will, leaving close family members and some family members they didn’t know they had to fight it out for the assets they left behind. And although millions of dollars may ...
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By Sheila O’ Brian You know you should make a will, but you never seem to be able to drum up much enthusiasm for the idea. It seems like a big, complicated pain-in-the-butt undertaking and you’re not planning on dying anytime soon anyway. You know that lawyers cost a fortune, and who knows if you ...
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If you add up the value of everything you own and subtract the value of everything you owe, that’s called your net worth. When you pass, it’s called your estate. While you’re still alive, you have the opportunity to designate how to divide your estate among your family and friends ...
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If you are like many individuals in the early years of your adult life, you very well may have given little to no thought to the matter of estate planning. If you’ve started a family, the time definitely has arrived for you to begin the process of estate planning. This is the case if you’...
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If you add up the value of everything you own and subtract the value of everything you owe, that’s called your net worth. When you die, it’s called your estate. While you’re still alive, you have the opportunity to designate how to divide your estate among your family and friends w...
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One of the most important legal documents an individual can sign does not take effect until after their death. Why would people care about what happens after they are gone? Because they cannot take their assets with them, people may want to ensure the property they leave behind is distributed as the...
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While you want to be as detailed as possible when creating your last will, there are numerous factors you should avoid. The most efficient way to decide what to include is by working with a trusted attorney. Of course, they will charge for their services, but hiring an expert gains valuable knowledg...
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When building your estate plan, you must create numerous documents and make various decisions to ensure your wishes are clear and organized. It’s essential to work with an estate planning attorney who is proficient in creating documentation that covers each intricate detail about your plan. Once yo...
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