Graduation Over? Time to Consider Legal Documents

You can no longer make medical or financial decisions for your children without proper paperwork. It is wonderful to bring up the children, make sure they are educated and see that 18th birthday come along. However, it is important to recognize that many things change from a legal standpoint, according to grbj.com in “Give your graduate the gift of […]

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Thinking Retirement? Start with a Will

Sometimes even having a will is not enough. Most people do not want their finances released to the public. However, if they are not careful with their estate plan, their financial world will become an open book, according to the Robb Report in “Rest in Wealth: The Ins and Outs of Estate Planning.” An example in the article […]

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Planning on Disinheriting a Child? Best to Be Careful!

Where does help become undue influence? The law is very specific when it comes to disinheriting your 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.” Let’s consider this example: A couple has a son and […]

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It Is Hard to Believe but It May Not Be about the Money

Leaving a legacy isn’t always about making a big bequest. A Bank of America/Merrill Lynch Ave Wave survey came up with some interest information, according to The Voice in “How to leave a legacy no matter how much money you have.” The survey included more than 3,000 adults (2,600 of them were 50 and older) who were asked about […]

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Identity Thieves Continue to Aim at Seniors

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 against 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 2017 were from seniors. […]

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Legal Battles Continue over Singer’s Estate

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 in 2012 and […]

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Assets Can Be Inherited but When to Receive Them?

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 and the potential […]

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Discuss ‘Someday’ with Your Parents

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 in “Preparing for […]

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