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Second Marriage & Estate Planning

People who divorce don’t always stay single but often remarry. While this may provide some much-needed companionship and comfort to their lives, it can also pose challenges when it comes to estate planning, especially if there are children from the previous marriage.

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Important Documents to Have in Place Before Dementia Sets In

You may be familiar with the acknowledgment required of a last will and testament that the maker is “of sound mind.” It makes sense that someone lacking the mental capacity to make decisions also lacks the legal capacity to do so. Dementia presents many barriers in this regard. According to the Alzheimer’s Association, more than six million Americans currently live with Alzheimer’s. That number is expected to more than double in the next 25 years.

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The Importance of Using an Attorney Instead of Online Forms

Thousands of people fall into the “do-it-yourself (DIY) estate planning” trap every year. While the notion of using free online forms to create an estate plan might sound appealing to many, the DIY approach to estate planning can prove to be a costly mistake down the road.

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Will Medicaid Pay for Assisted Living?

Assisted living is a concept of care that falls below nursing home care, which focuses more on health care rather than on programs to assist older individuals in carrying out the functions of daily living. Given the costs, many want to know if Medicaid will cover any of the expenses involved.

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Wills vs. Trusts: Which One is Right for You?

There are benefits and drawbacks to both wills and trusts. Ultimately, deciding which one is best for you depends on what your goals are, as will as your situation and preferences.

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Important Tips for Executor of an Estate

Dealing with the loss of someone you care about is never easy, especially when you also have a duty to carry out the decedent’s instructions to manage their affairs and wishes. Being appointed as an executor of an estate means that you need to take on significant responsibilities when the person who you named as the executor dies.

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Dispelling Estate Planning Myths

According to a 2021 Wills and Estate Planning Study by Caring.com, the top two reasons those surveyed didn’t have a will or living trust were that they “haven’t gotten around to it” and “don’t have enough assets to leave anyone.”

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Factors to Consider Before Drafting an Estate Plan

Drafting an estate plan requires a thorough consideration of many factors. After all, an estate plan will affect the medical care you receive in the event of your incapacity, the distribution of your assets after your death, and guardianship for your minor children, among other things.

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A HIPAA Release Is an Important Part of Your Estate Planning

According to an annual survey conducted each year by the website Caring.com, the pandemic raised awareness of the need for estate planning, in other words, to make concrete plans in the event of your incapacitation or death through a will, trust, or other legal instrument.

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