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Amoruso & Amoruso
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It just doesn’t make sense to fill out an online form and take the risk of future problems. There is no actual advantage to creating an online will, because you might save now but, in the long run the bill could get very high, according to MoneySense in "Danger of... Continue reading
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Planning for your retirement and planning your estate can turn out to be a real benefit. Estate planning and retirement planning are pretty much the same thing. Sometimes, if your estate planning attorney and financial advisor work together, both types of plans work better for you, according to TD Ameritrade... Continue reading
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Designations can have major impact on your estate because of taxes. Naming the beneficiary of your retirement account needs special consideration when making your estate plan, according to Morningstar in "Do's and Don'ts for Beneficiary Designations." There are actually many things to consider when naming beneficiaries on retirement accounts. This... Continue reading
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The cost of nursing home care should be considered among estate planning options. As more and more people began to create estate plans, one of the focuses is just how does a non-wealthy person pay for nursing home care, according to the Times Herald-Record in "Plenty of reasons to do... Continue reading
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You may find experts are necessary to make informed and legal decisions. When you start searching the Internet for advice, you can almost always get it. However, sometimes it can be a challenge, according to the Mercury News, in "Money Manners." A couple wrote in to ask a columnists' advice... Continue reading
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The passing of the last grandson of John D. Rockefeller reveals a behind-the-scenes battle over legacy. Not every descendant of John D. Rockefeller is in agreement about the family’s legacy, according to Private Wealth in "Fighting Over A Dynasty's Soul." Rockefeller founded Standard Oil, which survives today under the name... Continue reading
Posted Aug 11, 2017 at New York Estate Planning & Elder Law
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If you inherit an IRA, you need to carefully consider your options and tax consequences. Americans hold a staggering amount of wealth in individual retirement accounts. It is far more wealth than the current account holders could ever possibly spend in their own lifetimes. That means that many people who... Continue reading
Posted Aug 10, 2017 at New York Estate Planning & Elder Law
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One of the single most important estate planning choices that you will make is to select your executor. It is only a very small exaggeration to state that the executor of an estate is the person who is in charge of everything. He or she can either determine whether an... Continue reading
Posted Aug 9, 2017 at New York Estate Planning & Elder Law
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Before sending your recent high school graduate off to college, there are a few things that you need to make sure that they have beyond spending money and a new wardrobe. Your child might have graduated as the valedictorian of his or her high school class and might be going... Continue reading
Posted Aug 8, 2017 at New York Estate Planning & Elder Law
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If you can’t take care of your finances yourself, who can? What if something were to suddenly happen to you? It would be wise to take into consideration just how difficult it would be for someone else to take care of all your bills, according to WMUR 9 ABC in... Continue reading
Posted Aug 7, 2017 at New York Estate Planning & Elder Law
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People will often talk all around the subject. However, sooner or later they ask the question about the need for an estate plan. It does seem that sooner or later everyone asks the same question, "Do I need to have an estate plan?" The answer is always the same, “Yes,”... Continue reading
Posted Aug 4, 2017 at New York Estate Planning & Elder Law
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People will often talk all around the subject. However, sooner or later they ask the question about the need for an estate plan. It does seem that sooner or later everyone asks the same question, "Do I need to have an estate plan?" The answer is always the same, “Yes,”... Continue reading
Posted Aug 4, 2017 at New York Estate Planning & Elder Law
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If your pet is treated as a member of the family, you may consider cremation and keeping the ashes at home. Not everyone sees pets as members of the family. However, there is a trend for pets to be treated in death the way they were treated in life. This... Continue reading
Posted Aug 3, 2017 at New York Estate Planning & Elder Law
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Florida community addresses problem of high cost of funerals and burial of indigents. Funerals and burials are not a minor expense and a Florida county had such a significant problem of disposing of the bodies that they have acquired a cemetery, according the Tallahassee Democrat in "A priceless burden: Indigent... Continue reading
Posted Aug 2, 2017 at New York Estate Planning & Elder Law
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Creditors often have to file a claim in order to collect a debt. Creditors who learn a debtor has passed away need to file a claim against the estate, which may include a trust, according to the NWI Times in "Filing claims against a trust." Depending on the state, filing... Continue reading
Posted Aug 1, 2017 at New York Estate Planning & Elder Law
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There are many things that one needs to teach their children and planning for the future is one of them. Parents often breathe a sigh of relief and think their work is done when their child graduates from high school and becomes an adult. However, there is at least one... Continue reading
Posted Jul 28, 2017 at New York Estate Planning & Elder Law
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Bikers in Texas can take final ride in an unusual hearse. A hearse designed to appeal to motorcycle enthusiasts is drawing attention in a Texas town, according to Everything Lubbock in "A Unique 'Last Ride'." While the basic design of hearses has not changed much, Derek Dunn of Lubbock, Texas... Continue reading
Posted Jul 28, 2017 at New York Estate Planning & Elder Law
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With insurance dedicated funds, wealthy people can invest money that will eventually go to their heirs, while avoiding estate and capital gains taxes. Life insurance has been a popular estate planning tool for a long time. It is normally used as a relatively simple way to even out inheritances between... Continue reading
Posted Jul 27, 2017 at New York Estate Planning & Elder Law
It is not an easy task to both preserve wealth and to manage it. There are ways to make sure that your family is an exception to the rule and is able to maintain wealth for generations, according to the Wills, Trusts & Estates Prof Blog in "Preparing Heirs for... Continue reading
Posted Jul 26, 2017 at New York Estate Planning & Elder Law
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Controversial law draws attention from elder law advocates. Elder law advocates have been paying a lot of attention to California's new law, allowing terminally ill people to seek physician assisted suicide. The law was extremely controversial and remains so. The State of California has issued a report about usage of... Continue reading
Posted Jul 25, 2017 at New York Estate Planning & Elder Law
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The Florida legislature recently passed a bill allowing electronic wills. However, the governor sees it differently. Legal documents created online are now very common. However, for wills to be valid, they must be executed and witnessed in a specific way. That process is not generally electronic. Following the trend, the... Continue reading
Posted Jul 24, 2017 at New York Estate Planning & Elder Law
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There are numerous views on what impact the Senate changes will have on Medicaid. On one side of the Senate Republican plan to repeal and replace Obamacare (the Affordable Care Act) are Democrats who claim that it will slash Medicaid spending. On the other side are Republicans who claim that... Continue reading
Posted Jul 21, 2017 at New York Estate Planning & Elder Law
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What exactly is allowed in retirement accounts? A new fiduciary rule has caused considerable confusion for consumers and their advisors, according to the Washington Post in "A new conflict-of-interest rule for retirement savers is causing a lot of confusion." The Department of Labor set up a new rule on June... Continue reading
Posted Jul 20, 2017 at New York Estate Planning & Elder Law
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Court orders body of famous artist be exhumed. A judge has found enough basis for the claims of a Spanish woman, claiming she is the child of Salvador Dali, that the body has been ordered to be exhumed from its current resting place underneath a theater in Dali's hometown, so... Continue reading
Posted Jul 19, 2017 at New York Estate Planning & Elder Law
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Just exactly what does Medicaid do? There is an ongoing attempt to repeal Obamacare (the Affordable Care Act) which is expected to have a major impact on Medicaid. Medicaid touches us at many points in our lives. NPR recently published a list of some lesser known facts about Medicaid in... Continue reading
Posted Jul 18, 2017 at New York Estate Planning & Elder Law