Help for When You are Facing Probate
Probate can sometimes be a long and confusing process. When a person passes away, their estate may go through this process called probate. An experienced probate attorney can help guide you through this confusing process, which can extend for a long time. What happens when there is a will? There are plenty of reasons to […]
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What to Know About Being a Health Care Representative
Acting on behalf of a person as their health care representative requires you to understand the important decisions you may need to make. If your loved one becomes incapacitated, they may be unable to communicate with their health care providers. In this circumstance, you are responsible for communicating with those health care providers in order […]
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Qualifying for a Mortgage With Retirement Income
It used to be difficult for retirees to borrow, buy, or refinance a mortgage because lenders insisted on seeing their current income – the kind you get from having a job. Thankfully, Freddie Mac has guidelines for lenders that helps them use retirement funds to qualify borrowers for a home loan. When your loan is guaranteed […]
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Buying a Retirement Home With Cash
Maybe you have just sold your home and you are ready to buy your retirement home. Perhaps you are purchasing a second home where you will eventually retire. Either way, you have enough money to pay for your retirement home in cash. But should you? Here are few issues to consider: You will tie up […]
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Why Hire an Elder Law Attorney?
Many elder law attorneys specialize in estate planning, incapacity planning, and end-of-life care for seniors. These practitioners are essential because they work to protect a vulnerable population. To plan for their future and their care, seniors and their families should consider hiring an elder law attorney. Having a plan for your aging loved one’s care […]
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Protect Your Digital Assets
Digital estate plans are effective ways by which you can successfully protect yourself online. They can help you safeguard yourself against identity theft and the illegal reception of monetary information regarding your business finances as well as private files, like insurance paperwork. When you run a business and your company has a digital footprint,, you […]
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The Step-Up in Basis Rule is an Heir’s Best Friend
If you receives assets that were included in a person’s estate, you get a stepped-up cost basis. That means that you determine any gain or loss on the future sale of that asset using the date of death value of the person from whom you inherited the asset. The step-up tax adjustment has been under […]
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Long-Term Advantages of Home Ownership
There are two big tax benefits you receive when owning a home: You can deduct the mortgage interest that you pay each year and you can deduct at least a portion of your property taxes. Mortgage Interest Deduction The most valuable tax benefit is the mortgage interest deduction. This perk allows you to deduct the […]
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Choosing the Right Probate Lawyer
You have been named executor in a will. Now what? First, you are under no obligation to retain the original attorney who prepared the will. In fact, assuming you are the executor, that initial lawyer must now turn over the will to you. As you start your search, you will find a vast pool of […]
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What To Know About Trusts and Taxes
For all intents and purposes, a trust is considered its own entity. Trusts are legal documents, but they are also taxed separately from those to whom the assets within a trust will be distributed. People who are in the process of planning their estates rely on trusts because trusts serve as protection over the assets […]
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