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Law Office of Janet L Brewer
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“I have appointed my oldest son as agent using a durable power of attorney form I got on the Internet. I want to be sure he understands his responsibilities, if he has to manage my money and pay my bills when I become ill.” This sounds like a disaster in... Continue reading
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“Millions of Americans worry about saving enough for retirement, while also providing for their children’s future. However, most overlook another set of dependents who could cost them even more: their parents.” Continue reading
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“As closely held business owners know, their financial plans, retirement plans and estate plans are inextricably linked to the value of the business.” Continue reading
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“Losing a loved one is very difficult. However, when that person was a hoarder—like roughly 19 million Americans—managing grief while sorting through mountains of stuff is even more challenging.” We all know someone who can’t bear to throw anything out, no matter how small or valueless the item is. When... Continue reading
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“Unfortunately, credit card debts do not disappear when you die. Your estate, which includes everything you own–your car, home, bank accounts, investments, to name a few–settles your debts using these assets.” Continue reading
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“A solid estate plan should include your will, a power of attorney and a trust. All of these components provide asset protection for your business while you’re alive and after your death.” A business owner without an estate plan, is a business owner whose business and personal estate are both... Continue reading
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“If you have an individual retirement account, do you recall filling out a beneficiary designation form? That’s the document that allows you to direct the IRA custodian to transfer your IRA to the people you name in the form.” If you’re like most people, you opened that IRA many years... Continue reading
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“What's going to happen to your assets after you die? Your parents die? Your spouse dies? It's a conversation that's uncomfortable to have, but one that's extremely important.” At its essence, estate planning is any decision you make concerning your property if you die, or if you become incapacitated. There... Continue reading
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In California, beneficiaries can receive one of several different kinds of distributions from trusts. The type of distribution that a beneficiary will receive depends on the specific language of the trust. Discretionary Distribution A trustee can make a discretionary distribution at any time, based on the trustee’s good judgment about... Continue reading
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“In past generations, families were very close, there were few estates that had any tax liability, and children respected their parents’ wishes, both before and after the parents passed away.” That may be an idealistic portrayal, but there is some truth to it. It is no longer unusual for families... Continue reading
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If you are an executor, personal representative, or relative of someone who dies, you may wonder how long it will take to distribute the estate. In truth, it depends greatly from estate to estate. The probate process or the estate distribution process (if no probate is required) can take as... Continue reading
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When planning your estate, your methods of real estate ownership could matter in surprising ways. It’s a good idea to learn a little about various ownership methods as you make your plan. Sole Ownership This is the most straightforward method of owning real estate. You own the property, and the... Continue reading
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When planning your estate, you may want to adopt the common technique of placing assets in trust using your will. You may have heard this called a “pour-over will” or heard the term “revocable living trust”. But you may not understand how these estate planning structures could help you. What... Continue reading
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When a relative passes away, you may start looking for the will that he or she mentioned making. If you are having trouble locating the will, you probably have questions about what to do next. Locating a Missing a Will You should make sure that you look in a few... Continue reading
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Unfortunately, many people making their estate plans do not realize the impact that expenses and debts can have on their assets. Both paying expenses of probate and administration and paying debts of the deceased person could substantially reduce a larger estate. Paying Expenses If someone passes away with a substantial... Continue reading
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One of the most important reasons to carefully draft a trust centers around the risk that it will be reclassified as “foreign”. Unlike a United States trust, a foreign trust has different reporting requirements, and the trust creator may have to pay more taxes. What Is a Domestic Trust? What... Continue reading
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If you have a spouse and are doing some estate planning, you may wonder about the difference between a QTIP and a QDOT. The two have a few things in common: both are trusts leaving assets to the surviving spouse, and both help preserve availability of the marital deduction. What... Continue reading
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If you own property in multiple countries, you may need multiple wills. While not everyone needs more than one will, your situation and the countries where you have ties could require it. Here are a few tips for people who are starting their estate plans. You May Need More than... Continue reading
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When you plan to visit an estate planning attorney for help making an estate plan or preparing a will, you should share some key information with him or her. This information could make the difference in preparing a very thorough estate plan or one that does not accomplish your wishes.... Continue reading
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“What's going to happen to your assets after you die? Your parents die? Your spouse dies? It's a conversation that's uncomfortable to have, but one that's extremely important.” Continue reading
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“Many clients want to leave a legacy, not just save for a comfortable retirement.” If you ask most people what their most valuable assets are, they usually say their homes, or their jobs. However, if you ask them to think about it a little more, the answers change and become... Continue reading
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Do you want a say in where your assets go, or do you want to leave it to the state to decide? Continue reading
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When the warning signs appear, it is important to push forward in preparing for the aging process. As the aging process for a family member advances, it is important for other family members to be alert to possible changes in behavior and lapses in judgement, according to the Taunton Gazette... Continue reading
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The son is a retired controller but he wasn’t handling the finances. A daughter who spoke with her mother once or twice a week, learned that her mother had fallen just after their last conversation, according to the daughter’s brother. She dropped what she was doing and drove to the... Continue reading
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The answer is no but the nation does need to address some difficulties. There is a dark scenario out there that says the American retirement dream is becoming a nightmare that includes the collapse of the Social Security system. While there are some issues that need addressing, all the news... Continue reading