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Should inheritance be spent on sports cars and jewelry? Protecting your children from frittering away an inheritance is often done through a spendthrift trust but that trust can also be used to protect them from divorce and other problems that can come their way, according to Kiplinger in “How to Keep Your Heirs from Blowing […]
Where does help become an undue influence? The law is very specific when it comes to disinheriting an adult child, so it is a good idea to be perfectly clear on your wishes or it can backfire, according to the Santa Cruz Sentinel in “No shortcuts when planning estate trust“. It is crucial to have […]
Despite strong efforts by scammers, it is still possible to stay safe. We are all vulnerable to identity thieves but much of the action seems to focus on seniors, according to My Prime Time News in “Senior Identity Theft: How to Stay Safe“. More than a third of complaints to the Federal Trade Commission in […]
On average, men need help for 2.2 years, while women need help for 3.7 years. Many people will end up needing assistance to care for themselves as they become elderly and that help may not be provided by their children. It might be wise to look into long term care costs now, according to The […]
Instagram messages create challenges for French court. French entertainer Johnny Hallyday, who died in 2017, left behind testaments and Instagram messages causing some major court issues, according to The New York Times in “French Rock Star’s Instagram Defeats His Widow in Inheritance Battle“. Hallyday, a rock singer for more than 60 years, started using Instagram […]
If you receive an inheritance, it is wise to consider the impact. There are many things that can be inherited and one must be careful of the impact on a family’s tax liability, according to the Orange Town News in “Will I Pay Taxes on My Inheritance“. Here is a partial list of different assets […]
If your parents are aging, it might be a good time for a frank discussion. It is quite possible you are beginning to worry about your elderly parents. If that is happening now, then now is a good time to discuss their end-of-life issues, their housing issues and their financial condition, according to Kanawha Metro […]
Your estate plan can be simple and straightforward if your life is. But is it? If you thought that basic form saved some money for you when it came to estate planning, you may find yourself facing some expensive challenges if it turns out to be invalid, according to The Daily Sentinel in “What is […]
How to plan for the legal issues and expenses of nursing home care. Some of the truths may be hard to hear but can still be beneficial to know about, as myths about nursing home expenses are discussed in The Sentinel article “Five myths about nursing home costs and estate planning“. Myth One: Before any […]
It will most likely be difficult or impossible to complete the tasks if all the facts are not available. When you go to visit an elder law and estate planning attorney, it is important to tell the truth about all aspects of your family members and other potential heirs. If not, it is possible the […]
