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Strategies to Build and Preserve Generational Wealth

January 15, 2024
Generational wealth is a topic of immense importance. It represents the financial legacy one generation leaves for the next, enabling families to build a stable foundation for their descendants. However, preserving this wealth for future generations requires careful planning and management. This article delves into the intricacies of preserving generational wealth and the strategies wealthy families employ to ensure that their assets last for generations. What Is Generational Wealth? Generational wealth refers to assets passed down from one generation to the next. This can include property, money, stocks, businesses and other valuable resources. Many wealthy families aim to grow their…
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The Difference Between Power of Attorney and Guardianship

January 13, 2024
Navigating the intricate landscape of elder law can be daunting, especially when faced with the decision between guardianship and power of attorney for elderly parents. This article sheds light on the difference between guardianship and power of attorney, providing clarity on which approach might be the best fit for your family's unique situation. What Exactly Is a Power of Attorney? A power of attorney is a legal document that empowers an individual, often referred to as the agent; or attorney-in-fact; to act on behalf of another, known as the principal.
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Essential Estate Planning Considerations for Minor Children

January 12, 2024
It is paramount for parents to have an estate plan that not only takes care of their personal and financial matters but also addresses the well-being of their minor child or children. Delving into estate planning considerations can be overwhelming, especially when young children are involved. This guide will provide you with a comprehensive understanding of estate planning for minors. Estate Planning: Why Is It Essential for Parents with Young Children? Estate planning for parents with young children involves setting up mechanisms to ensure that, in the event both parents pass away, their children will…
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Why You Need Two Kinds of Power of Attorney Documents

January 9, 2024
Power of Attorney documents are often an afterthought when someone thinks about their estate plan.
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Medicaid Care Planning with an Elder Law Attorney

January 8, 2024
Learn how an elder care attorney can help you create a strategy to provide asset protection and access to long-term care with Medicaid planning.
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Protecting Elderly Parents

January 7, 2024
As our parents age, the responsibility often falls on us to ensure their well-being and safety. This article delves deep into the various ways you can protect your elderly parents, especially in the realms of finance, health and overall security. With the rise of scams targeting the elderly and the challenges of dementia, it’s crucial to be proactive. Read on to discover actionable steps and essential knowledge to safeguard your loved ones. How to Start the Conversation with Your Elderly Parent? Starting the conversation about their safety and well-being can be challenging. It’s essential to approach the topic with sensitivity…
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Make Sure These Documents are Part of Your Estate Plan

January 6, 2024
Assembling legal documents pertaining to your estate is key to ensuring that your final wishes are carried out.
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Selling the Family Home When Moving into New Living Situation

January 5, 2024
Selling a home when a loved one decides to move into an assisted living facility can present some emotional aspects that will not necessarily be present when selling one’s own home.
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How Can a Trust Be Used for Long-Term Care?

January 4, 2024
They may wish they had applied for long-term-care insurance when they were healthy enough to pass the medical underwriting standards.
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When to Update Your Will: 8 Reasons You May Need to Revisit

January 3, 2024
Updating your will is not just a one-time event. It’s an ongoing process that ensures your estate plan remains relevant and effective. In this article, we’ll delve into the times when you should update your last will and testament and the reasons that can make it necessary. Therefore, if you’re someone who can make a difference through charity or simply want to ensure that your estate planning documents are up-to-date, read on! Why Should You Update Your Will? Your will is a reflection of your wishes at a particular point in time. However, as life evolves, so might your desires…
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