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Linda Solash-Reed
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“One in three seniors dies with Alzheimer’s or dementia. The best way to plan for your own end of life wishes, is by having these two important documents in place.” Continue reading
Posted yesterday at Orlando Estate & Elder Law
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“My mother recently died, leaving a house to my three siblings and me. We had the house appraised in February. My sister is buying the rest of us out. We decided to give our sister a break and sold her the house below the appraised amount.” Continue reading
Posted 2 days ago at Orlando Estate & Elder Law
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“Americans’ longer life spans mean that more families are ‘aging together,’ as researchers call the trend.” Continue reading
Posted 3 days ago at Orlando Estate & Elder Law
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“The federal estate and gift tax are unified and allow you to give away property above the annual exclusionary gift amount or for your heirs to inherit up to a total of $11.4 million currently, without paying gift or estate taxes and this increases with inflation.” Continue reading
Posted 4 days ago at Orlando Estate & Elder Law
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“When a spouse enters a nursing home, the cost of care can be financially devasting. Many families are simply unable to afford long-term care, without applying for Medicaid. To qualify for Medicaid, there are limits on the resources that an applicant may have. Resources include both income and assets.” Continue reading
Posted 7 days ago at Orlando Estate & Elder Law
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“You will want to replace your income. You will also want to stay socially engaged.” Continue reading
Posted Aug 15, 2019 at Orlando Estate & Elder Law
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“There are many questions that come with inheriting a piece of real estate. Do you want to live in it? Do you want to sell it? Do you have to split the property with another heir?” Continue reading
Posted Aug 14, 2019 at Orlando Estate & Elder Law
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“The word ‘estate’ conjures images of great wealth, which may be one of the reasons why so many people don’t develop estate plans—after all, they’re not rich, so why make the effort? In reality, however, if you have a family, you can probably benefit from estate planning, whatever your asset level.” Continue reading
Posted Aug 13, 2019 at Orlando Estate & Elder Law
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“When a financially comfortable loved one departs, a bevy of tax issues can come into play.” Continue reading
Posted Aug 12, 2019 at Orlando Estate & Elder Law
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“Most Americans don't understand how much they pay in taxes. This is true of taxes in general. Most Americans, for example, believe the canard that half of all workers pay nothing in taxes. This is especially true with inheritance and estate taxes.” Continue reading
Posted Aug 9, 2019 at Orlando Estate & Elder Law
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“Nursing home expenses and even funeral bills might initially be ignored or delayed during a time when survivors are seriously concerned about final VISA or Mastercard bills.” Continue reading
Posted Aug 8, 2019 at Orlando Estate & Elder Law
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“You obviously can’t take them with you. However, upon death, you often can’t even leave your frequent-flier miles behind.” Continue reading
Posted Aug 7, 2019 at Orlando Estate & Elder Law
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“An estimated $2.4 trillion disappeared almost overnight from Americans’ 401(k)s and IRAs, when the market crashed in 2008. This was devastating to many Americans’ retirement prospects.” Continue reading
Posted Aug 6, 2019 at Orlando Estate & Elder Law
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“After decades of financial independence, many adults cannot imagine a future in which they can no longer perform daily financial tasks without help.” Continue reading
Posted Aug 5, 2019 at Orlando Estate & Elder Law
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“Tens of millions of seniors collect Social Security. Those benefits are instrumental in helping them pay the bills.” Continue reading
Posted Aug 2, 2019 at Orlando Estate & Elder Law
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“Reverse mortgages can be a good way for income-starved seniors to gain extra cash, when going back to work is no longer an option or desirable. The loans, which enable homeowners to tap the equity in their dwellings, also can be complex and even lead to foreclosure.” Continue reading
Posted Aug 1, 2019 at Orlando Estate & Elder Law
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“If Congress gets its way, you’re going to lose the opportunity to help your children build wealth, and at the same time, they could end up in higher tax brackets for years.” Continue reading
Posted Jul 31, 2019 at Orlando Estate & Elder Law
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“Disability can strike suddenly and is one of the reasons appointing an agent on your behalf to act when you cannot, is so important.” Continue reading
Posted Jul 30, 2019 at Orlando Estate & Elder Law
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“A quarter of a million Medicare beneficiaries may be receiving bills for as many as five months of premiums they thought they had already paid. However, they shouldn't toss the letter in the garbage. It's not a scam or a mistake.” Continue reading
Posted Jul 29, 2019 at Orlando Estate & Elder Law
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“Estate planning involves planning for how an individual’s assets will be preserved and managed.” Continue reading
Posted Jul 26, 2019 at Orlando Estate & Elder Law
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“It took nearly 30 months to sort out the €110 million fortune that George Michael left behind in his will.” Continue reading
Posted Jul 25, 2019 at Orlando Estate & Elder Law
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“I assumed my elderly co-workers had made poor financial decisions, which compelled them to work deep into their golden years.” Continue reading
Posted Jul 24, 2019 at Orlando Estate & Elder Law
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“Of all the documents we discuss with, and prepare for our clients, the Last Will & Testament, or will, is the best known and understood.” Continue reading
Posted Jul 23, 2019 at Orlando Estate & Elder Law
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“The most common answer I hear from other advisers is that you should wait until age 70. That’s not always the case.” Continue reading
Posted Jul 22, 2019 at Orlando Estate & Elder Law
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“Move over, dreams of a letter arriving from a lawyer informing the recipient a long-lost relative has died and bequeathed a tidy sum.” Continue reading
Posted Jul 19, 2019 at Orlando Estate & Elder Law