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Rowley Law
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“…even a small mistake can create huge problems during the settlement process, and in many cases, these errors are impossible for anyone to correct.” There are several critical errors you can make that will render an estate plan invalid. Many of these can be easily avoided, by examining your plan... Continue reading
Posted 2 hours ago at Rowley Law
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“A power of attorney, or POA, is a document that enables an individual to appoint a person or organization to manage his or her affairs, should this individual become unable to do so.” Estate planning is important. Signing a power of attorney can be essential for those seeking to safeguard... Continue reading
Posted 4 hours ago at Rowley Law
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“A trust actually can prevent your descendants from following such an undesirable lifestyle.” Some people are hesitant to use trusts in their estate planning. Some have the notion that if you leave money in trust, it will make “trust fund babies” of your children or grandchildren. You may be afraid... Continue reading
Posted 4 days ago at Rowley Law
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“A trust actually can prevent your descendants from following such an undesirable lifestyle.” Some people are hesitant to use trusts in their estate planning. Some have the notion that if you leave money in trust, it will make “trust fund babies” of your children or grandchildren. You may be afraid... Continue reading
Posted 4 days ago at Rowley Law
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“Depending on your age, you may or may not have considered a will an important document to have.” It’s not uncommon for people to put estate planning off, since it deals with something most of us don’t like to think about: our imminent death. However, the old saying is true:... Continue reading
Posted 5 days ago at Rowley Law
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“For those who remarry and want to make sure certain assets get passed on to kids from a previous marriage, experts say it's important to do some estate planning—that is, figuring out how to legally ensure that when you die, your assets end up where you want them to.” Roughly... Continue reading
Posted 6 days ago at Rowley Law
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“Amazon CEO Jeff Bezos and his wife of 25 years, MacKenzie, announced in a tweet Wednesday that they are divorcing. The news started an ongoing conversation about the usefulness of a prenuptial agreement, since, TMZ reports, the couple did not have one.” Do you need a prenup and how do... Continue reading
Posted 7 days ago at Rowley Law
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“Succession planning is a process. 10 years of time goes by very quickly, so the earlier you can start having these conversations, the better.” If you hear of someone heading off to her attorney to do their succession planning, it’s really just one of several meetings that are necessary to... Continue reading
Posted Feb 11, 2019 at Rowley Law
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“How do you go about finding an estate planning attorney that is right for you?” When looking for an estate planning attorney, many people feel more comfortable with getting a personal referral, than by trying to find an attorney on their own. While a referral from friends can be a... Continue reading
Posted Feb 11, 2019 at Rowley Law
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“Relying on a decades-old inheritance law, the state’s highest court has ruled that spouses are entitled to one-third of their deceased spouse’s estate—when they are not mentioned in the spouse’s will.” The Massachusetts Supreme Judicial Court recently unanimously ruled for the second wife of a man who demanded her share... Continue reading
Posted Feb 8, 2019 at Rowley Law
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“Many American workers plan to rely on Social Security benefits as a steady source of income in retirement. If you are not on top of things, you are at risk for not using the right claiming strategy. If that happens, you could leave thousands of dollars on the table over... Continue reading
Posted Feb 6, 2019 at Rowley Law
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“A 403(b) plan is a type of tax-sheltered retirement plan that has a lot in common with the more widely recognized 401(k) plan.” A 403(b) plan is for employees who work in organizations that serve certain religious, charitable, scientific, public safety testing, literary or educational purposes. If you’re eligible to... Continue reading
Posted Feb 5, 2019 at Rowley Law
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“An internal Pennsylvania state government watchdog agency is criticizing how county-level agencies investigate thousands of complaints they receive about elder abuse and how the state ensures that complaints are investigated adequately.” The Pennsylvania State Office of the Inspector General noted numerous failures by some county-level agencies to properly investigate complaints... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“Company benefits are great to have, but if you're a contractor, chances are that you're out of luck. If you get injured or are too sick to work, you could quickly find yourself in hot water. However, those self-employment taxes you’re paying, come with a federal benefit ready to act... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“You can, of course, set up a charity strategy for the end of the year. You don't need to have it in place by Giving Tuesday. You can also set up regular donations throughout the year.” You can donate any time until the end of the year to qualify for... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“67% of individuals over age 50 want to use their wealth to invest in their children and grandchildren.” One thing driving Baby Boomers crazy is their kids’ estate planning–or lack thereof. Boomers have been building legacies from the day they were born. As Forbes explains in its recent article “The... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“What are the hot financial planning trends for 2019?” WTOP recently made some financial planning predictions for the New Year in its article, “Top financial planning trends for 2019.” Here are several to consider as 2019 begins. Increased longevity means more planning. The Social Security Administration reports that the current... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“What do you give to the one who gives so much to another?” During the holidays, your already busy schedule can get so much busier, when looking for that perfect gift for family and friends. Some people enjoy gift giving and the whole shopping experience, while others avoid it along... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“Estate planning is necessary to properly protect yourself, your assets and your loved ones. While most estate planning focuses on physical property, like your home, and liquid assets, such as investment accounts, retirement plans can actually make up a large portion of one’s estate.” Because of the specific tax rules... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“Sumner Redstone's grandson has asked the court to appoint a guardian ad litem in the legal battle over his estate planning documents, claiming the 95-year-old mogul struggles to communicate and the move will ensure the "integrity" of the proceedings is protected.” Tyler Korff, grandson of the 95-year-old media titan Sumner... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“In yet another depressing ranking for South Carolina, a new report ranks the state 51st in protecting against elder abuse across 14 measurements.” A study that compares all 50 states and Washington, D.C. in three categories related to the protection of Americans aged 65 or older—prevalence, resources and protection—finds South... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“If you die without having a will, it could be a gamble as to where your belongings end up.” Quite simply, if you die without a will, you will lose control over who gets what of your assets and property. You also lose control, in terms of who is going... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“Young adults need estate plans too. It’s an entreaty all too often met with a shrug of the shoulders and a wave of the hand. At that age, we think we’re immortal. However, the uncomfortable truth is that no one knows how much time is left.” A year ago, 58... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“While most estate planning focuses on physical property, like your home, and liquid assets, such as investment accounts, retirement plans can actually make up a large portion of one’s estate. Due to the specific tax rules governing these assets at death, you must plan carefully to ensure these funds are... Continue reading
Posted Feb 4, 2019 at Rowley Law
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“Will your debt continue to haunt you from beyond the grave? Find out what exactly happens to debt when you die, while you still owe.” Did you know that we’re dying in this country with an average of $62,000 in debt? What happens to that debt? Fox Business recently published... Continue reading
Posted Feb 4, 2019 at Rowley Law