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Law Office of Janet L Brewer
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“Planning for unfortunate events is particularly critical in the era of Covid-19.” Continue reading
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“A will itself is a legal document that describes the process of splitting up one’s personal property and possessions among family and loved ones.” Continue reading
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“Unfortunately, due to hidden resentments, siblings still tend to end up in court suing each other and losing great chunks of their inheritance in the process all too frequently.” Continue reading
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“When creating an estate plan, it may be necessary to name a trustee to handle your assets.” A frequent example is when you create a revocable living trust to pass on assets to your children. You must name a trustee to manage those assets. You might name yourself as trustee,... Continue reading
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“During estate planning, one of the situations that you must plan for is the possible sale of real estate, artwork, and especially operating family businesses. What is sometimes overlooked in planning is what happens after there has been such a sale.” Continue reading
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“If you decide to leave assets in a trust for your beneficiaries, consider your designation of trustee carefully. The most important person in the trust framework is the trustee, the one responsible for managing trust assets.” Continue reading
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“Estate planning is the process of arranging who will receive your assets when you die.” Continue reading
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“Tenancy by the entirety, commonly abbreviated as TBE, is an ownership structure for real estate that's used when the owners are a married couple. Under a TBE arrangement, each spouse owns an equal interest in the property, and the property will transfer seamlessly to the surviving spouse, in the event of one spouse's death.” Continue reading
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“An Uncle (or grandparent, sibling, or parent) died, leaving his IRA to one named niece (or grandchild, sibling, or child). However, everyone, including the named beneficiary, agrees--the decedent should have named all members of the class as equal beneficiaries. After all, he left all his other assets equally to all the class members. He surely meant for all of them to share the IRA equally too, right? Can't we just ignore this mistake and pay out the IRA to everybody?” Continue reading
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“My big brother died of COVID-19 and he didn’t have a will. He divorced 20 years ago and has no children, but his ex is telling me she should get an inheritance. Who has the right to his money?” Continue reading
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“Estate planning is a systematic method that manages the personal and financial matters of a person in case of death. The legal document for the necessary plan for death is called the Last Will and Testament, which includes the set of instructions for the condition and distribution of the estates.” Continue reading
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“The COVID-19 pandemic, which has kept many workers home, was a kind of test drive for retirement. You learned what it's like to stay out of the office for long periods of time. However, many companies are hurting because of the economic turmoil from the coronavirus, and if you're 50 and older, and your employer needs to cut costs, they may be looking at cutting you from the payroll.” Continue reading
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“More details are released about a Valley man accused of threatening to kill his brother over inheritance money.” Continue reading
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“You would like to pass a house tax-free to your heirs. After all, you want to give them a gift, not the burden of taxes. How do you do that?” As part of your estate planning, you can pass your house tax-free to an heir. savingadvice.com’s recent article entitled “Use... Continue reading
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“A fiduciary is someone who manages property or money on behalf of someone else. When you become a fiduciary, the law requires you to manage the person’s assets for their benefit—and not your own.” Continue reading
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“A will is just one of several legal documents that help your loved ones know your end-of-life wishes.” If you die without a will (i.e., intestate), a court will determine who inherits your assets and who would care for any surviving children as a guardian. CNBC’s recent article entitled “A... Continue reading
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“Can you imagine a millennial with a china hutch?” Don’t take downsizing personally, when their adult children decline your furniture and other possessions. The Street’s recent article entitled “If You Think Your Kids Want Your Stuff, Think Again,” says that baby boomers are getting ready to pass trillions of dollars... Continue reading
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“I am a resident of Florida. I would like to leave my condo in Florida to my friend’s daughter, who I consider my stepdaughter, after my death. She is a resident of New Jersey and they would use the condo as a vacation home. Will she be considered my daughter for tax purposes, and which state’s tax laws will count?” Continue reading
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“If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding.” Continue reading
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“Talking about death makes most of us uncomfortable, so we don't plan for it. That's a big mistake, because if you don't have an end-of-life plan, your state's laws decide who gets everything you own. A doctor you've never met could decide how you spend your last moments, and your loved ones could be saddled with untangling an expensive legal mess after you die.” Continue reading
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“If you are like many moderately successful Americans, chances are you are worth more dead than alive. In many cases a lot more.” Continue reading
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“It is also important to realize that it isn’t merely “why” you are updating your will, but “when” you are updating that can make all the difference. Acting too late (or too early) may mean your changes are no longer appropriate or even immediately invalidated.” Continue reading
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“Death is not a favorite conversation topic. However, we all know it is something we must at some point discuss. The loss of a close friend or family member, or an event, such as the COVID-19 pandemic, seems to bring the topic to the forefront.” Continue reading
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“The period leading up to and shortly after losing a close relative is often one of the most emotionally demanding times that we, as humans, experience.” Continue reading
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“The coronavirus pandemic has certainly caused havoc and concern for many people, particularly in regard to their health and their finances — and these two areas intersect in estate planning. So, if you haven’t drawn up your estate plans yet, or you think they may need to be revised, now may be a good time to act.” Continue reading