18

Feb

R-E-S-P-E-C-T My Handwritten Will

By Carter B. Webb The legendary Aretha Franklin died August 16, 2018 at her home in Detroit, Michigan. At first, it appeared that she died intestate – meaning that she died without having signed a last will and testament. However, it was recently reported that three holographic ...

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18

Feb

Do Not Miss Out on All of the Medicaid Exemptions You are Entitled To

Medicaid rules can be confusing and even Department of Social Services caseworkers get their own rules wrong from time to time. Having an advocate that can work through the maze of rules can pay off for the family. In North Carolina, a Medicaid applicant can have up to a $10,000...

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18

Feb

Planning for Incapacity in Estate Plans

As our population ages, the prevalence of dementia and other cognitive impairments that make it difficult to conduct business affairs is on the rise. An aging, demographics, and memory study conducted by the US government found that individuals over age 71 had a 13. 9% incidence o...

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18

Feb

Business Succession and the Graceful Exit

As trusted advisors, our clients depend on us for timely and well-informed advice. It is inevitable that all business owners will eventually exit their business; it is simply a matter of when, how and under what conditions. Ultimately, the desired result for exiting a business is...

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18

Feb

Using Pet Trusts to Provide for Your Pets After Your Death

There’s a saying that “a dog is man’s best friend”, and with good cause. Many of us treat our pets as part of our family, often as if they were our children. For those of us with pets, we want to make sure they’re taken care of if we can no longer do it ourselves; whether due to ...

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18

Feb

Does a Revocable Living Trust Offer Protection Against Lawsuits?

The Revocable Living Trust is very popular in America. A living trust helps you avoid the cost and delay of probate. You can also avoid the dangers from jointly owning assets. But here’s the downside: a revocable living trust won’t protect you from lawsuits. Though a revocable tr...

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18

Feb

New Rules to Help Veterans with Medical Expenses

Veterans and their spouse should be aware that there are new rules that went into effect on October 18, 2018, regarding qualification for a type of Veterans’ assistance known as Improved Pension, with Aid and Attendance Benefits. Unfortunately, these new rules have put in place p...

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18

Feb

Federal Transfer Taxes

The Internal Revenue Service has announced the annual inflation adjustments for the 2019 tax year: 2017 2018 2019 Gift and Estate Tax Exclusion $5,490,000 $11,180,000 $11,400,000 GST Tax Exemption $5,490,000 $11,180,000 $11,400,000 Gift Tax Annual Exclusion $14,000...

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18

Feb

Green Burials

A question that is raised more and more during consultations with my clients relates to the concept of “green” burials. When I speak with a client about their desires regarding the disposition of remains, there are usually only two options to discuss: cremation or burial. We disc...

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18

Feb

Simultaneous Death Could Result in a Simultaneous Estate Disaster

We are often asked by our clients about what happens if there is a simultaneous death. While this occurrence is very unlikely, our clients are nevertheless concerned that it might happen to them. It happens not only in airplane crashes, but in thousands of car crashes a year res...

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18

Feb

StraussSecure™ and Passing Down Cryptocurrency Securely

In today's modern world, people experience incredible benefits from technology every day. Cell phones allow for immediate communication with anyone at any time; while the internet empowers people to gain instant knowledge on any subject at the click of a button. With all o...

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18

Feb

How do Martial Arts Relate to Elder Law Planning?

Many clients consult with attorneys in our firm in order to make plans to deal with the effects of aging on themselves or their parents. With proper planning we are able to help families preserve assets in the face of daunting long-term care expenses. These long-term care expense...

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