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Probate Process: A General Timeline

Posted by Nina Whitehurst | Jun 21, 2024 | 0 Comments

Probate is the legal process of formally recognizing a will after a person dies, naming or validating an executor to administer the estate, and distributing assets to intended beneficiaries. It also requires paying the decedent’s outstanding debts and federal and state taxes.

High School Graduation: A Good Time for Financial Planning

Posted by Nina Whitehurst | Jun 17, 2024 | 0 Comments

Whether your children are graduating with high school diplomas or completing higher education, it’s important to help them plan for their financial futures. You want to set a strong foundation for long-term financial stability by broadening their scope of financial literacy. Sharing the following tips can help prepare them.

What You Should Know About Long-Term Care

Posted by Nina Whitehurst | Jun 10, 2024 | 0 Comments

The challenges of providing quality care to an ever-larger senior population are numerous. Policy changes, investments in the health care workforce, technological advancements, and more may all be necessary. To ensure you have a plan in place for your care, connect with your elder law attorney sooner rather than later.

Does Medicare Cover Prescription Weight Loss Drugs?

Posted by Nina Whitehurst | Jun 07, 2024 | 0 Comments

Cost and health considerations have led to a push for expanded coverage of weight loss drugs under public and private health insurance plans. While Medicare is forbidden to cover weight loss drugs, it can cover certain medications, including Ozempic and Wegovy, when they’re prescribed to treat conditions other than weight loss.

What Is the Difference Between a Will and a Trust?

Posted by Nina Whitehurst | May 28, 2024 | 0 Comments

Wills and trusts are foundational estate planning tools. While each is used to distribute assets to beneficiaries, they do so in different ways. Each also has its own distinct uses and advantages. They’re often used together to close gaps in an estate plan and prepare for multiple scenarios that might otherwise cause unexpected burdens for heirs.

Be Aware of the Dangers of Joint Accounts

Posted by Nina Whitehurst | May 16, 2024 | 0 Comments

Joint bank accounts serve as a useful estate planning tool for passing money to loved ones outside of probate and planning for disability. But while they can achieve these goals, and are useful in certain circumstances, joint accounts also present risks.

Avoiding Property Tax Foreclosures for Older Adults

Posted by Nina Whitehurst | May 09, 2024 | 0 Comments

If you are a homeowner who is falling behind on your real estate taxes, you may end up facing foreclosure on your property. Because your property taxes hinge on the value of your property, you may find your taxes rising beyond what you can afford. Before your situation becomes more serious, be su...

Securely Storing Your Legal Documents

Posted by Nina Whitehurst | Apr 26, 2024 | 0 Comments

Among your key estate planning documents are your trust, will, living wills, powers of attorney, and medical directives. Securing these somewhere your survivors can easily access them is crucial. Consider storing other information, like birth certificates, marriage licenses, and medical records, in a secure spot as well.

Financial Planning: High-Net-Worth Wealth Transfer to Heirs

Posted by Nina Whitehurst | Apr 22, 2024 | 0 Comments

No matter what your family dynamic, relationships between generations can come with trust issues and a lack of communication. More than ever, high-net-worth people try to foolproof the assets their children will inherit through trusts, charities, and foundations. Often, they'll collaborate with estate planning attorneys as well as investment or financial advisors to accomplish this.

AI and Obituaries: Did AI Write This Death Announcement?

Posted by Nina Whitehurst | Apr 18, 2024 | 0 Comments

With recent technological advancements, artificial intelligence can now generate many types of content – including obituaries. In some instances, AI-generated content may be a helpful tool for friends and family members struggling with the emotional process of creating a written tribute, but AI also presents some peculiar and even disturbing problems.

Navigating Disputes in Probate Court

Posted by Nina Whitehurst | Mar 31, 2024 | 0 Comments

Most matters the probate courts handle, like admitting wills and assigning executors, are standard operating procedures and go uncontested. However, legal contests arising from a person’s death or mental capacity may lead to probate litigation over powers of attorney, will and trust contests, guardianships, and living wills.

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