Estate planning is one of those things that is better done now, rather than waiting until later. That can actually be too late. The question comes up about finding the right time to set up an estate plan as life marches forward.
Eleven years after his death, the singer's estate remains unsettled. Soul singer James Brown passed away in 2006, leaving millions to poor children in Georgia and South Carolina. However, none of the money has been given to the children because the estate is bogged down in numerous lawsuits...
Assisted living facilities save Medicaid money. However, it is difficult to know what funds are spent wisely. A group of U.S. Senators asked the Government Accountability Office to look into how the government's Medicaid money was being spent. However, the results were not good, accord...
Estate planning often involves setting aside educational funds for children and grandchildren. It is common for people to consider helping out their children and grandchildren for educational purposes, when setting up estate planning.
Can you trust them? If you wonder, then you probably already have the answer. Multiple relationships and fewer bonds can often lead to some challenges, when it comes to settling an estate, according to the Financial Times recently in an advice column "Should I trust my wife to divide my assets fairly...
A new rule designed to prevent financial abuse of the elderly requires additional information. FINRA, a self-regulatory agency for brokers, has just implemented a new rule to help stop the financial abuse of the elderly even before it begins, according to Consumer Reports in "New Ways to...
Protecting assets for your minor heirs can be a challenge. If you plan on leaving assets to minors, you can leave it to the courts to decide on the best person to handle the funds or you can do it yourself through an estate plan, according to the Times Herald-Record in, "Proper legal planning...
Some simple documents will go a long way in protecting you as retirement age approaches. While many people are concerned an estate plan has to be complicated, you often only need a few simple documents prepared by an estate planning attorney, according to the Brooklyn Daily Eagle in "Five legal documents...
Law enforcement and family members can work together to prove elder abuse. The state of Wisconsin has initiated a program to help law enforcement and family members prove that elder abuse or neglect is occurring, according to WBAY in, "Wisconsin allowing hidden cameras to capture elder abuse...
If a loved one passes away without a will and you handle the estate, you should know what steps to take. If a relative dies without a will and you are chosen to distribute assets to family members, you will most likely find it is not a simple process, according to the Napa Valley Register...
New tax laws raise a lot of questions, including the use of gifting. Gifting is usually done as a way of shrinking an estate as much as possible to lower the eventual estate tax burden. However, that may no longer be necessary for some people, according to My San Antonio in "How gifting of ...
Horses may have become part of your family. However, under the law, horses and other pets are property. The law considers your horses and other pets in the same category as assets, such as your house or automobile. However, there are options to guarantee their care, according to Newsmax...
Sometimes it is best if your home does go through probate. Putting your child's name on the deed of a home may avoid probate. However, it is almost always a very bad idea because of the risks involved, according to My Prime Time News in "Deeds and Probate Avoidance."
Once you take the first couple of steps, if often becomes an easy process. You may only need a few documents to get your estate plan underway but people often delay because of the concern of complications, according to Forbes in "More Than Half of Americans Don't Have These Essential Estate ...
Information and education can go a long way in helping your children to use an inheritance wisely. Mistakes can be made by children who inherit money but lack the information on how to deal with it maturely and wisely, according to Nasdaq in "5 Things Your Kids Should Know Before They In...
Stepmothers take one of the top spots in wars over estates. However, they may not be at fault.
Funeral home director says it is standard practice to protect coffin from the cold. A family in Australia is suing a funeral home for swapping coffins from an expensive model to a less expensive one prior to transfer to a crematorium, according to Fox News in "Funeral Home swapped $1,700 coffin ...
Changes may create decrease in donations. Some of the changes in the new tax laws may mean that 21 million people will no longer take a charitable deduction on their taxes, according to Forbes in "21 Million Taxpayers Will Stop Taking Charitable Deductions Under the New Tax Law."
Significant changes mean it is a good time to meet with your attorney and to consider any new plans. The tax changes recently signed into law create a need to go to an estate planning attorney to make sure your estate plan is still optimal for you and your family. Forbes offered some suggestions...
It is important to plan, in case you are one of the people who will suffer from Alzheimer's disease. Alzheimer's disease is a scary proposition and something everyone should consider as a possibility in their future, according to the Times Herald-Record...
You need to make the decision to create an estate plan and then you need to gather facts. In order to create an estate plan, you need to know what you need in order to organize your affairs, according to The Daily Courier in "I'm dead. Now What?"
Two institutions fought over rights to his journals, notes and letters. After a heated dispute, the Ransom Center matched Yale University's $2.7 million offer to archive Arthur Miller's work, according to The New York Times in "Inside the Battle for Arthur Miller's Archive."
You can go to North Korea. However, the State Department has some advice. The State Department has recommended that American citizens get a will, make funeral plans and get a power of attorney before visiting North Korea, according to Fox News.
Perhaps this is the year that you will make an estate plan. A good New Year's resolution might be to finally get an estate plan, according to the Virginian-Pilot in "Make estate planning a priority this year."
As the elderly population grows, so does the number of scammers targeting them. There are all sorts of scams that target the elderly, ranging from large ones meant to make millions to very small scams meant to cheat an elderly person out of a few hundred dollars.
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