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Amoruso & Amoruso
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The will of the Duke of Windsor will be opened for copyright determination. A court in the U.K. has ruled that the will of the Duke of Windsor, who passed away in 1972, will now be unsealed for for limited purposes, according to the Daily Mail in "Duke of Windsor's... Continue reading
Posted 10 hours ago at New York Estate Planning & Elder Law
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It might be best if one person coordinated the advisors working for a wealthy person. If you have considerable wealth, it might be a good idea to get a variety of opinions but it also might be a good idea to hire someone to help you manage it all, according... Continue reading
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Common mistakes are often mentioned over and over again. There are common mistakes in estate planning that are not often mentioned, despite the fact they are made over and over again, according to the Ithaca Times in "Key estate planning mistakes to avoid," including: Forgetting to update an estate plan... Continue reading
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Marriage, divorce and remarriage sparks debate on veteran’s burial site. A veteran of World War II recently passed away. Now two widows are fighting, according the Daily Mail in "Widows at war: British and American wives of war hero banker both want him buried in their own local cemetery -... Continue reading
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New rates are important to estates, as well as for estate planning. The IRS has announced some important changes in tax adjustments and deduction limits based on inflation. They can make a difference for people planning their estates, according to the Wills, Trusts & Estates Prof Blog in "Estate Planning... Continue reading
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More and more people are protecting pets in their estate plans, as well as their loved ones. There are some tips that should be considered, if you plan to protect your pets after you pass away, according to the Wall Street Journal in "Estate Plans Don't Have to Be Just... Continue reading
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Social Security benefits are important to most retirees, so make sure you get the most out of it. Many people choose to figure out how to maximize their Social Security benefits for themselves. However, many do so to their own detriment, according to CNBC in "Bungling this retirement decision could... Continue reading
Posted Dec 4, 2017 at New York Estate Planning & Elder Law
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It is best to prepare for emergencies by storing the necessities of life, such as water and food. However, financial planning is also important. It is impossible to avoid natural disasters. However, you can be prepared and that includes being financially prepared, according to the Napa Valley Register in "Your... Continue reading
Posted Dec 1, 2017 at New York Estate Planning & Elder Law
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Medical researchers and students create demand for cadavers. People can give the remains of their loved ones to companies that will cremate a small portion to give to the families and sell the rest to researchers. However, that market is poorly regulated, according to Reuters in "In the market for... Continue reading
Posted Nov 30, 2017 at New York Estate Planning & Elder Law
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Knowing the basic concepts is enough to get you started on the right track. You don’t have to have an estate plan. However, if you don’t, the courts will decide where your assets go using statutes written by your state government. Getting started in planning can be a challenge if... Continue reading
Posted Nov 29, 2017 at New York Estate Planning & Elder Law
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If you are an older citizen considering remarriage, it would be wise to explore what you need to know about finances and estate planning. The trend in American to remarry in later years can lead to unexpected consequences down the road, according to the Pittsburgh Post-Gazette in "Late-life marriages can... Continue reading
Posted Nov 28, 2017 at New York Estate Planning & Elder Law
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If you make a mistake in estate planning, it is unlikely that you will be the first to make that error. If you want to know some of the errors that have been make in the estate planning world, take a look at a recent video presented by The Motley... Continue reading
Posted Nov 27, 2017 at New York Estate Planning & Elder Law
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If you are planning on retirement, you might consider possible upcoming challenges. Some fundamental legal documents need to be drafted as you look toward retirement and the golden years, according to Gambit in "The legal needs of aging parents." Among the key challenges for people planning on retirement is the... Continue reading
Posted Nov 24, 2017 at New York Estate Planning & Elder Law
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Mediation can reduce hard feelings between family members and may prevent a permanent rift. A common way to prevent the chances of a permanent rift in a family over an estate disagreement is for the court to send the parties involved to mediation, according to the Wills, Trusts & Estates... Continue reading
Posted Nov 23, 2017 at New York Estate Planning & Elder Law
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Laws on common law marriage vary from state to state. Not all states recognize common law marriage and its impact on an estate, according to the Wills, Trusts & Estate Prof Blog in "Why Common Law Couples Need an Estate Plan (New York)." In most states, the idea of common... Continue reading
Posted Nov 22, 2017 at New York Estate Planning & Elder Law
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While parents often avoid discussing their finances with their children, it may make things easier in the future if they do. Suddenly not being able to handle your own finances can lead to big problems. This is why parents should talk to the adult children about finances, according to TC... Continue reading
Posted Nov 21, 2017 at New York Estate Planning & Elder Law
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Family members may have grievances with each other, but an executor can’t just even things out. An executor does not have the authority to make things even between family members, unless it is strictly within the law, according to the Napa Valley Register in "Can mom make son pay debt?"... Continue reading
Posted Nov 20, 2017 at New York Estate Planning & Elder Law
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The status of a will that is written prior to life changing events varies across the nation. Significant life events, such as having more children, should be included in an update of a will, but if not the impact varies from state to state. In Georgia, the will gets revoked,... Continue reading
Posted Nov 17, 2017 at New York Estate Planning & Elder Law
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Families sometimes face a challenge because of federal law. A federal law called the Stored Communications Act can make it difficult for families to retrieve digital information when someone passes away, according to the Wills, Trusts & Estates Prof Blog in "Court Holds Personal Representative May Provide Lawful Consent Under... Continue reading
Posted Nov 16, 2017 at New York Estate Planning & Elder Law
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Woman does it herself and saves money, but estate and charities may end up paying the bill. A decision by a woman in Australia to use a do-it-yourself will could end up costing her estate a lot of money, according to News.com.au in "Unholy row as court decides on religious... Continue reading
Posted Nov 15, 2017 at New York Estate Planning & Elder Law
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Even though federal tax reform legislation is an uncertainty, the elderly can prepare for possible changes. As the possibility of federal tax reform looms, people in retirement do have some options that could prepare for potential changes, according to USA Today in "Retirees: 4 ways you can start planning for... Continue reading
Posted Nov 14, 2017 at New York Estate Planning & Elder Law
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If you think a will is just for the rich, you are mistaken. Everyone who has any property at all needs a will, according to CNBC in "Think you're not rich enough to need a will? Think Again." Some people believe that if they only have only a little bit... Continue reading
Posted Nov 13, 2017 at New York Estate Planning & Elder Law
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The earlier dementia is diagnosed, the better the chance of slowing its progress. Researchers have discovered a new sign of possible upcoming dementia in a sense of smell, according to The New York Times in "Poor Sense of Smell May Signal Dementia." Early diagnosis of dementia allows professionals to develop... Continue reading
Posted Nov 10, 2017 at New York Estate Planning & Elder Law
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A woman in Spain was mistakenly ruled dead and now she finds herself in a nightmare. Yes, it can happen here, too! There is a master government list in the U.S. that has your name and other identifying information on it. When you pass away, it will be recorded and... Continue reading
Posted Nov 9, 2017 at New York Estate Planning & Elder Law
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Sometimes it creates problems to name a close family member executor, as seen in Jerry Garcia’s estate. A big mistake in Jerry Garcia’s estate came when third wife Debra Koons was chosen to administer the estate, according to the Wills, Trusts & Estates Prof Blog in "The Wrong Executor Can... Continue reading
Posted Nov 8, 2017 at New York Estate Planning & Elder Law