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Who Can Benefit from a Special Needs Plan: Crafting a Comprehensive Plan for the Future

March 15, 2024
Whether you’re a parent with a special needs child or an adult caring for an elderly or special needs loved one, understanding the benefits of a comprehensive Special Needs Plan is crucial. Careful planning ensures that the individual with special needs has clear financial security upon your death, as well as specific goals to address the needs of your child or loved one so that they can be successful in the future. From guardianship and living arrangements to managing finances and planning for adulthood, each element of a special needs plan plays a crucial role in ensuring a secure and…
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3 Signs You Definitely Need a Trust (and Not Just a Will)

March 14, 2024
Estate planning is akin to crafting a roadmap for the future; it’s about guiding your loved ones through the maze of your final wishes with clarity and ease. At the heart of this journey lie two pivotal tools: wills and trusts. While both serve to shepherd your assets posthumously, certain situations demand the finesse of a trust over…
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Do I Need a Pour-Over Will?

March 13, 2024
Upon your death, assets held in the living trust can transfer using the trust administration process. Assets held outside of the trust, on the other hand, would need to be addressed in some other way.
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Guide to Incapacity Planning: Protecting Yourself and Your Estate

March 11, 2024
Incapacity planning is a crucial aspect of managing your estate and ensuring that your wishes are honored if you cannot make decisions for yourself. This article will examine the various components of incapacity planning, offering comprehensive…
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What to Do Before Naming a Family Member or Friend to Be a Trustee

March 8, 2024
The person you choose to inventory and distribute the assets of your estate should not learn that fact while deep in grief.
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What Does Your Estate Plan Include Besides a Will?

March 6, 2024
When you chose to write a will, you have taken an important step in the direction of planning for your family and beneficiaries.
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How Do You Plan a Business Succession?

March 5, 2024
Losing the founder or long-time owner of an enterprise can leave the business adrift and shatter family relationships. However, it doesn’t have to be that way.
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Prevent Difficulties in Probate with Advance Planning

March 4, 2024
Collect and organize all important papers, passwords and pin numbers, keep them up to date and tell your heirs where to find them.
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What Is a Subtrust? Additional Benefits Subtrusts Provide

March 3, 2024
A subtrust is a separate entity created under the umbrella of a primary trust or a will. A subtrust becomes active based on the terms of the trust or will when certain events happen, such as the death of the primary grantor, or creator. Subtrusts are one tool that estate planning attorneys use to help families pass on inheritances and protect their heirs from creditors or issues such as lawsuits or divorce. Subtrusts serve various purposes depending on…
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Trust Protectors: Safeguarding the Future of Special Needs Trusts

February 29, 2024
Serving as the trustee of a special needs trust (SNT) can be particularly challenging because it often requires long-term financial management of the trust, while maintaining a good relationship with the beneficiary. Furthermore, because trustees wield great financial power over the trust assets, oversight of their investment and distribution decisions is helpful…
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