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Frank R. Campbell
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With an acting career that spanned four decades, Edie McClurg is battling dementia. Her family is trying to obtain court intervention so that they can step in to manage her affairs. Neurological tests have shown that 67-year old actress Edie McClurg, best known for her role in the 1986 movie,... Continue reading
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Looking at your 401(k) statement is like being a kid in a candy shop for some people. All that money sitting in an account with your name on it! However, there are risks to taking a loan against your 401(k) account. A loan from your 401(k) could very easily become... Continue reading
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Florida wins for retirement relocation. It’s inexpensive to live in the Sunshine State, the weather’s good, if you don’t mind a lot of humidity and air conditioning, and taxes are low. If you’re going to have a three-decade long retirement, there’s far worse places to find yourself. It’s no surprise... Continue reading
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You may have noticed a long list of initials behind your financial advisor’s name in their signature block or below their signature on paper letters. Those initials stand for organizations that award designations. You should know what they are and how relevant they are to your financial needs. A recent... Continue reading
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Some of the features of the Roth IRA make it look like a traditional IRA on steroids. There are no required minimum distributions and you have the ability to take withdrawals before you retire and you can even contribute to your Roth IRA after age 70 ½. However, it’s not... Continue reading
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You are so good at what you do that you recently launched a new business. Maybe it’s your retirement dream business? If your skills at bookkeeping and budgeting are nowhere near as good as your new business skill, spend some time learning how to create a business budget. The first... Continue reading
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Ohio has now joined a number of states that are ramping up their efforts to do something about the epidemic of elder financial abuse. Under this new law, the financial penalties are higher and will be used to fund enforcement. The penalty for a person convicted of defrauding anyone over... Continue reading
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Sounds crazy: you’re going to take all your assets and put them in a special kind of trust called a blind trust, where you won’t have any idea of what is happening to your assets and you won’t have any control over them. When you put it that way, yes,... Continue reading
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If an estate plan sounds like something that only an adult needs, and you’re over 18, then congratulations: you qualify. That is true if you have any assets, and if you have children, you definitely need an estate plan. The truth is that everyone needs estate planning. If you have... Continue reading
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As more people inherit IRAs, the chances for serious snafus may surge. Pay attention, because mistakes here can get very expensive, very fast. When you are the executor of an estate, you are responsible for making sure that the decedent’s wishes are carried out, and that includes investments and savings... Continue reading
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Single with a net worth less than $11.4 million in 2019? You’re in luck—you can die knowing that all of your money will pass free of any federal estate tax to your heirs. It was good news for the wealthy—the Tax Cuts and Jobs Act (TCJA) amped up the unified... Continue reading
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Their lives were devoted to family and public service, and to each other. The passing of George H.W. Bush and his wife gave many Americans pause to consider their leadership and their devotion. Few were surprised when George H.W. Bush passed less than eight months after Barbara’s death. Their deep... Continue reading
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The swiftness of fires and floods in the news in recent months, even in places that have never experienced dramatic disasters, puts a spotlight on the need for preparedness. That includes your estate plan. The evening news presents enough reminders about the need to plan for disasters. However, many people... Continue reading
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Skeptics like to say they don’t care what happens after they’re gone. However, when presented with the problems that happen without a will or estate plan—excessive costs, family estrangement, taxes—their hearts soften just enough to admit that they too need an estate plan. A recent article from The Street, “3... Continue reading
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If you live far from your hometown, you may be used to seeing large changes in aging parents from year to year. However, if you are involved in their day to day life, you may not notice the changes or they may seem to come and go. When you are... Continue reading
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Join us on February 6, 2019 for a discussion on caring for aging parents and preserving family relationships Among the most difficult issues facing our clients and their families is caring for parents as they age. This can be an extremely stressful time for even the best families. We have... Continue reading
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It’s a stinging feeling. To be left out of a will feels like a rebuke from beyond the grave. You’ll need to set aside your emotions and consider your options, which may be limited. Contested wills are not an easy battle. There are time limits to taking action. An estate... Continue reading
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The co-founder of Microsoft serves as an excellent example of advance planning, maintaining privacy and creating a legacy. Through a trust established years ago and several companies, Paul Allen began building his legacy of philanthropy long before his death. His last will and testament was a simple six-page document, according... Continue reading
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It’s going to take more than a super hero to unravel the mess that Stan Lee left behind. The passing of Stan Lee, famed Marvel Comics publisher and chairman, was sad for his legions of fans. For his 68-year-old daughter J.C., there’s grief and a challenging estate to be settled.... Continue reading
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Trusts serve a variety of functions in estate planning, and they aren’t just for wealthy people. Trusts can be simple or they can be complex, depending on what type of trust is being considered and how they are structured. Trusts should be set up by an estate planning attorney, who... Continue reading
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Most of those who will be eligible in 2019 are over age 50 and would otherwise have no healthcare. Ballot measures in three states—Idaho, Nebraska, and Utah—will extend the federal- and state-funded healthcare program to allow access to approximately three hundred thousand low-income Americans. AARP’s recent article, “Medicaid to Expand... Continue reading
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If you’re a business owner who loves what you do, you consider your business to be one of your biggest achievements after your family and enjoy the challenges it presents. As for retiring, why should you? Some business owners are reluctant to even consider selling the business or retiring. They... Continue reading
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We may never know how one of the founders of Microsoft structured his estate plan. His finances were addressed wisely, and his legacy will likely continue for many years, if not many generations. Paul Allen left Microsoft back in the 1980s, when he had to fight a mild form of... Continue reading
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Here’s a complex area that people tend to ignore, until it’s too late to do anything about it. Better solution: speak with an estate planning attorney while changes can still be made. Even if you are not one of the top wealthiest people in the world, you still may find... Continue reading
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A bundle of recordings that the hip-hop icon made and never released, have now been returned to his estate following a five-year legal battle. In 2013, Tupac’s estate filed a lawsuit that accused the Entertainment One company of keeping a strong grip on his unheard master tracks, and at the... Continue reading