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Common Estate Planning Scams You Must Ignore!
Attorneys

Common Estate Planning Scams You Must Ignore!

There are lots of misconceptions, wrong information, and confusion regarding estate planning. Estate planning is your life’s biggest decision ever taken by you and setting it properly is a key to be ensured that you will leave behind your assets and loved ones secured. Hence, irrespective of your age or the monetary value of the property you own, you must have your estate plan in place which can be in the form of a will or trust or both depending on your wealth. Estate Planning- This will help you to clearly outline your final wishes and secure your interests after your demise. In case of an unexpected and untimely death, you can be assured that your assets will be distributed

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estate planning singles
Attorneys

Estate Planning for Singles

Are you a single, and you are reaching retirement soon? Well, then this is the right time for you to do some estate planning. Estate planning for people who are single is very essential as after their death there won’t be any proper heir or beneficiary to their assets. Thus, it is highly necessary to make a proper estate panning if you are single or widowed. What Does Estate Planning Include? Following are some of the must-have items which should be there in any estate planning Last will and testament – This last will or testament actually consists of your last wishes regarding your distribution of your assets and who should get it. Power of attorney – You must have

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estate planning benefits for pets
Attorneys

Estate Planning for Pets: Why it is important?

Estate planning is something that is required for the safety and happiness of our family. Reports have suggested that estate planning doesn’t just secure your family’s future, but it also gives you peace of mind. A study in American has already confirmed that most people believe that having an estate is important but very few are taking it seriously. Now, in the year of the internet where everything is available online it would be a shame not to educate yourself on the topic of estate planning. The best part about planning your estate is the ability to plan for the future today. A lot of people aren’t just securing the future of their family but also are adding a special

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revocable living trust
Attorneys

Pros & Cons of Revocable Trust

Estate plans are very different and vary based on the individuals who make them. When making an estate plan, every person is different and so are the assets they have accumulated, this means each estate plan should be custom tailored. Among the different kinds of estate plans, trusts tend to be one of the common factors, and you will find that there are many different kinds of the trusts to fit different requirements when it comes to estate planning. One such popular kind of Trust is the Revocable Trust. What is Revocable Trust? A revocable trust is one kind of agreement that indicates how the property of a person can be managed and distributed in their life or after they

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Benefits of Estate Planning for Low Income Individuals
Attorneys

Benefits of Estate Planning for Low Income Individuals

When we talk about estate planning, most people have a misconception that it is meant for the older folks and rich and wealthy people. However, it is completely wrong to think that lower-income people don’t need estate planning. Estate planning is meant for everyone irrespective of their age and monetary status. While we say monetary status, it not only means the income that a person earns but also the savings which are actually a more important factor in building an estate. While the high earner comfortably saves, it’s challenging for a low-income individual to save money while fulfilling the basic needs of their family. Estate Planning- Low-income individuals generally are liable either to low or no income tax which is

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