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Frank R. Campbell
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Estate planning performs important functions while you are alive and after you have passed. However, you have some important decisions to make before a plan can be completed. Your will is just one document in a series that make up a complete estate plan. Other documents allow you to convey... Continue reading
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The second largest owner beneficial owner of Garmin stock, son of the founder of the company, has made some hefty transactions this fall, totaling more than $19 million. Jonathan Burrell, whose father is Gary Burrell, founder of Garmin International, has ownership of more than 27 million shares of the company,... Continue reading
The widow of legendary performer Mickey Rooney is suing The Hollywood Reporter for elder abuse, following the publication of an article that she claims caused her extreme distress and was written by reporters who pressured and coerced her into being interviewed. Janice Rooney, the frail 79-year old widow of Mickey... Continue reading
This news will come as a relief to the many families grappling with the frustration of a court-appointed guardian, who is not acting in their loved one’s best interests. Court-appointed guardians and conservators who are more concerned with their own gain than being responsible and caring about individuals and families,... Continue reading
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There are a number of frequently asked questions when it comes to gifting money, a technique used to share your good fortune and to reduce your federal tax burden. The IRS rules for gifting are fairly straightforward. Making gifting part of your estate plan can have some significant benefits. The... Continue reading
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Even if you’ve always talked about personal finance and planning for later years, it’s not always easy to have these conversations with elderly parents. If you are lucky enough to have your parents still living, that’s wonderful. But as they age, and particularly if one passes and the other is... Continue reading
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People worry about paying the federal estate tax, but what they should really pay attention to is their state’s inheritance and estate taxes. There are many tax laws in the United States, and they vary by state. If you are addressing your estate plan or settling an estate, Financial Buzz... Continue reading
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With a screen persona that was always wacky, unpredictable, and in his heyday, considered ground-breaking, we now see the private side of Jerry Lewis, because his will is a public document. It’s no laughing matter. Because he left behind a will, the world knows that funnyman Jerry Lewis, who died... Continue reading
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It takes a combination of investments, insurance and savvy risk management to build a truly diversified retirement income plan. A handful of mutual funds, even if they are top-notch, are just the start. Many Americans are counting on Social Security benefits to fund their retirement, according to a recent article... Continue reading
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The news is not encouraging: long term care and long term care insurance are going up, according to this national study. Your best strategy: plan ahead. For patients and caregivers, the cost of long-term care is high, with no decrease in sight. That also applies to the cost of long-term... Continue reading
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A prisoner in a Mississippi prison filed a lawsuit against a woman who he claims is not his father’s wife, even though she bears his father’s last name and they lived together for 60 years. Thomas Ellis, currently serving a 45-year prison sentence, filed a lawsuit against Maria Ellis, saying... Continue reading
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The court saw no validity to the case, which alleged that Alan Thicke’s widow was preparing to contest a prenup she signed. The court said there was no evidence to support that claim. In May, Alan Thicke’s sons Brennan and Robin Thicke filed a lawsuit against their father’s widow, Tanya... Continue reading
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Negotiations are still going on between the IRS and the Whitney Houston Estate. The government agency wants an $11 million payment, but the late singer’s estate is pushing back. If Whitney Houston was a legend before her death in 2012, today her music continues to sell and generates big profits... Continue reading
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There are certain situations when a reverse mortgage is a suitable financial tool for a senior. An elder lawyer will be able to look at the big picture and provide useful guidance. Among the many concerns addressed by elder law attorneys are: planning for long-term care, how to manage the... Continue reading
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With the passing of a new state law, Texas banks are among the financial institutions that can now shut down transactions, if they suspect a scammer has targeted a vulnerable client. This is a sad story and a hard lesson for an elderly Texas woman who was fleeced by a... Continue reading
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One of the key purposes of an estate plan is to ensure that assets pass to heirs smoothly and if possible, with less taxes and fees. Trusts are often promoted as a way to do this, but there are certain risks. You’ll want to understand how it works before going... Continue reading
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It is premature for anyone who depends upon either Medicaid or Obamacare to breathe a sigh of life. While recent attempts to repeal Obamacare have failed, both of these programs are being targeted. Medicaid is far more important to more Americans than most people know. It does provide healthcare for... Continue reading
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Your best bet for making or changing a will, is to sit down with an experienced estate planning attorney, so that your will won’t be invalid. Mistakes in wills are not easily fixed. Having an estate plan in place and discussing your estate plan with your loved ones in advance,... Continue reading
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A government program for lower income savers is being closed down. However, there are still retirement savings accounts appropriate for even small monthly investments. Given what we know about the longer lives of Americans and the cost of healthcare in retirement, it’s hard to fathom the fact that less than... Continue reading
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Statistically speaking, women live longer and earn less than men. That makes financial and retirement planning far more important for women. It’s not pleasant to contemplate, but because women often take time out from their careers to raise children or take care of elderly parents and still earn less than... Continue reading
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No matter how much you may be mentally prepared for death, when the time comes, even the most logical people are overwhelmed by grief. It is not unusual for grief-stricken people to panic, experience severe anxiety or insomnia while mourning a loved one. This is the case, even if the... Continue reading
Florida residents enjoy the protection of homestead exemptions used by some full-time residents as part of asset protection strategies. These exemptions are also used to protect wealth from legal obligations According to an article in Wealth Advisor, “The Juice Is Loose, Did O.J.'s Kids Hide Millions From Murder Families? O.J.... Continue reading
Ads promoting the use of living trusts seem to be everywhere. They promise to help seniors avoid probate. Trusts are an excellent estate planning tool, but they are not “one size fits all” solutions. Avoiding probate, or at least minimizing assets that need to pass through probate is a part... Continue reading
Cosigning a loan, especially one for a home mortgage, can be a risky business for both parties. It’s like any other business deal with a relative: there are financial and emotional risks to be considered. Here’s an example of two well-meaning family members: an individual who is in good shape... Continue reading
If you are someone who always likes to be a little different, then your next call should be to an estate planning attorney to have a will created. This would set you apart from most Americans today! Being a non-conformist may not be the first reason to have a will.... Continue reading