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If you want to learn more about the rules for inheritance in USA, then you have come to the right place. This article will tell you about how you can inherit property and assets from your parents, spouse, and others. Average inheritance in the U.S. In 2016, the average inheritance...
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Revocable There are many reasons why someone may want to set up a trust. Some people are looking to protect their assets from creditors, other people are looking to give minor children a leg up on life, and others are looking to provide a way for people who may not...
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If you are a child guardian and want to know what powers you have, you are in the right place. Here you’ll find out what powers you have, what duties you have, and how much authority you have as a guardian. Common powers When a family member becomes incapacitated, the...
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When you are a minor, you will probably be asked to fill out a form that will ask you how you want to be handled in case you become incapacitated. This will be done so that a guardian can take care of your medical needs. There are different types of...
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Revocable trusts A revocable trust is a document that allows an individual to name a trustee and manage their assets. Creating a revocable trust can be beneficial for individuals looking to protect their assets and reduce their tax burdens. However, there are also some disadvantages associated with a revocable trust....
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If you’re thinking about whether or not to put your assets into a living trust, you’ve come to the right place. This article will explore the benefits and drawbacks of putting your valuables in a living trust. Assets that can be put in a living trust Putting your assets in...
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Creating a bloodline trust is a great way to leave your estate to your heirs. Whether you want to pass your assets to your business, to a charitable organization, or to your children, you can do so with a trust. However, there are several things you should know before you...
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Generally speaking, you cannot file for guardianship without a lawyer. This is because there are certain procedures that need to be followed, and a lawyer would be able to guide you through them. You might also need to file a court order in order to change the reporting period, which...
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Whether or not you should create a special needs trust is a question that should be discussed with your estate attorney. In this article, you’ll learn about the difference between a testamentary trust and a stand-alone trust, SSI and Medicaid eligibility, and funding options. SSI eligibility Creating a special needs...
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The creation of a will allows you to control the distribution of your property and name the beneficiaries you want to receive your assets after your death. You can even name guardians for your children. In addition, you can designate an executor to distribute your assets according to your plan....
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If you buy a new home, it’s important to understand your responsibilities. You should ask if you’re responsible for repairs on the property. If you are, you have a legal right to seek compensation for any damages caused. This can be done through mediation or a lawsuit. A real estate...
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Whether you are an individual or business owner, you need to protect your assets. If you are not adequately protected, your assets could be lost in a lawsuit, bankruptcy, or creditor’s claim. To protect your assets, you should learn about the different laws and safeguards you can take. You should...
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A child custody or guardianship order is important to protect a child’s future. These legal arrangements are made by a judge in order to ensure the best interests of a child after a parent dies or becomes incapacitated. The court appoints a custodian, who is typically the parent of the...
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Medicaid is a state-run program that covers various health care expenses, including inpatient and outpatient care. It also covers a portion of out-of-pocket costs, such as copays. The rules for Medicaid vary by state, but they are generally based on income. The primary objective of Medicaid is to provide health...
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Trusts are legal arrangements between two parties. The trustor establishes the trust and transfers his or her assets into it. Another person, called the trustee, holds the title to the trust assets and manages them. Occasionally, the trustor will serve as trustee until his or her death. In a business...
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If you are attempting to contest a will, you will need to file objections to probate the will with the court within a specific time period. This can take up to six months. If you do not file objections in time, the will is automatically valid and will go to...
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Wills and living trusts are two different estate planning tools. While they have similar benefits, they are not exactly the same. It is important to assess your situation and goals to determine which is best for you. Once you know what you want, you can begin the estate planning process....
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A will is a common legal document that transfers property after the death of a person. In some states, it is required to have a court-appointed executor sign it. This process can be expensive and time-consuming. Another disadvantage of a will is that it does not give your minor children...
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You can leave money to a charity in your will to support a specific cause. But it’s important to consider the charity’s purpose and the impact your gift will have. If you want your gift to go towards a specific program, you should contact the charity to request that it...
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A trust is a legal document that allows you to protect your assets while at the same time providing your family with income. There are various types of trusts available, and you should choose the right one for your situation. A revocable trust, for example, allows you to change the...
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Before you enroll in Medicaid, you should consider which plan would be best for your situation. Different plans have different benefits and may not cover certain expenses. To get a better understanding of which plan will best suit your needs, talk to a representative of your state Medicaid program. You...