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How Long Does an Executor’s Job Take?

Posted by Nina Whitehurst | Sep 07, 2022 | 0 Comments

Being the executor of an estate can be a time-consuming job, depending on the size and complexity of the estate. While a simple estate can take a few months and not require a huge time commitment, if there are problems, the job can drag on for years. 

How Changes to Portability of the Estate Tax Exemption May Impact You

Posted by Nina Whitehurst | Aug 07, 2022 | 0 Comments

On July 8, 2022, the Internal Revenue Service issued new guidance that allows a deceased person’s estate to elect “portability” of their unused gift and estate tax exemption for up to five years after their death. So, if your spouse passed away less than five years ago, you may be able to file an estate tax return to transfer their unused estate tax exclusion to yourself.

What Is an Executor?

Posted by Nina Whitehurst | Jul 22, 2022 | 0 Comments

An executor is the person or institution responsible for managing the administration of a deceased person's estate. The executor (also called a personal representative) is either named in a will or appointed by the court, if there is no will.

How to Protect the Identity of Your Deceased Loved Ones From Theft

Posted by Nina Whitehurst | Jul 13, 2022 | 0 Comments

We've all been warned about protecting ourselves from identity theft, but one group of victims can't take action to defend themselves—the dead. Identity thieves steal the identities of more than 2 million deceased Americans a year, according to fraud prevention firm ID Analytics. Fortunately, there are steps that you can take to discourage identity thieves from targeting a deceased loved one.

Incentive Trusts: Ensuring That an Inheritance Will Be Well Spent

Posted by Nina Whitehurst | Jul 06, 2022 | 0 Comments

Many parents or grandparents with sizable amounts of money to pass on to their heirs are apprehensive about the effect it many have on their children or grandchildren. In some instances, they fear that the recipients will misspend the funds on drugs, fancy cars or failing businesses. In other cases, the fear is simply that their children will lose their drive to achieve and overcome barriers that may present themselves if there's no financial necessity to do so.  

Supreme Court Rules State Medicaid Programs Can Recoup a Larger Share of Injury Settlements

Posted by Nina Whitehurst | Jul 05, 2022 | 0 Comments

If you are injured due to another person’s negligence and receive Medicaid benefits to pay for care, the state has a legal right to recover the funds it spends on your care from a personal injury settlement or award. Yet in a legal case involving a Floridian teen who was catastrophically injured more than a decade ago, the U.S. Supreme Court has ruled that state Medicaid programs may be repaid from settlement funds reserved for future medical expenses as well.

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