The importance of planning ahead for long-term care

The need for long-term care should be considered during the estate planning process. Recent statistics show that an estimated 60 percent of Americans will need long-term care at some point in their lives. Long-term care is becoming more common as our population ages and life spans lengthen. This is because many people of advanced age […]

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Estate planning in the electronic age: protecting your digital assets

Take a moment to think about your digital footprint. Do you have accounts on sites like Facebook, Twitter, Instagram or Pinterest? What about business networks like those established by industry groups, alumni associations or on LinkedIn? Do you have online access to pay your credit cards, utilities, mortgage, car payments, student loans or other debts? […]

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Due care can help you avoid common estate planning mistakes

Many people avoid estate planning so they don’t have to think about the issue of their own deaths. However, much like taxes, death is inevitable. By understanding our own mortality – and taking steps now to plan ahead – we can protect both our loved ones and our assets after we are gone. Generally, something […]

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Should spouses have power of attorney for each other?

When a couple gets married, there may be situations where they have to spend a lot of time apart. Often, a career means that a couple will spend time apart and it often doesn’t allow for much notice. Of course, when the couple is frequently apart, there may come a time when one spouse needs […]

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2018 federal estate and gift tax exemptions

2018 federal estate and gift tax exemptions The 2018 tax exemption for estates and gifts has risen to $5.6 million per individual. Previously, individuals were only able to leave up to $5.49 million to their heirs without being held liable for paying federal estate or gift taxes. The number is even greater for married couples […]

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Role of Power of Attorney Representatives

When an individual is appointed the designated representative for a durable power of attorney, it is important that they are completely aware of any responsibility given to them. A durable power of attorney exists even after the individual who created it becomes unavailable or incapacitated.  A durable power of attorney is very flexible and allow […]

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