Blog Posts in July, 2012

Offshore Asset Protection Trusts

Offshore asset protection trusts are ideal for people in professions that are riddled with lawsuits. Lawyers, doctors, architects, entrepreneurs, contractors, accountants and property developers are ...
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Trusts, Wills, and Power of Attorneys for your 18-year-old

When your child turns 18, it’s more than just a birthday. In the eyes of the law, your child has just stepped into adulthood, and is now legally responsible for his or her own medical care and ...
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Dementia and the Future of your Parent's Finances

If your parent’s cognitive abilities have diminished as they have aged, you may want to look into the situation. In some cases, parents who contract dementia will fail to tend to household ...
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Now that You are an Executor: Things you Should Know

If you were named the executor of a will, you were given a big responsibility. You are now in charge of upholding the wishes of your decedent and making sure that the probate procedure goes smoothly. ...
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Intestate Inheritance Rights for Adopted Children

When you adopt a step-child, inheritance issues can get complicated. In a typical adoption, parents relinquish all rights to their child when they are adopted by another parent, and the child loses ...
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Event Check Points that Signal it is Time to Update your Will

Our bodies change as we get older, so we head to the doctor in order to make sure that we are functioning properly. Sometimes in a check-up, a physician may find that we have some sort of illness or ...
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The Definition of Ademption

Imagine, an older woman writes a will bequeathing her fine jewelry to her granddaughter. The woman collected precious gemstone necklaces, bracelets, earrings, and rings her entire life, and has ...
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How Does an Advancement Work?

An advancement is a special gift made by a parent to his or her child that is an "advance" of that child's share in a future inheritance. The advancement is normally parent to child, but ...
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Beneficiary or Benefits? The Special Needs Trust Lets Them Have Both!

If you have a relative that is disabled, he or she may qualify for government benefits. In some cases, the government will grant money to men or women who are physically, mentally, or developmentally ...
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Inheriting an Heirloom: How to Take Care of Specific Items in Your Will

As you live you collect things of value. A lot of these items may be worth a significant amount of money, but more than that they may just be very special to you and a member of your family. Maybe you ...
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