Why Do Trusts Fail?

Why Do Trusts Fail?

Did you know that a trust is a vehicle into which you place assets to be managed by a selected trustee for the benefit of the trust’s beneficiaries? There can be two essential elements to a trust.  First, there is the trust itself, which is created through a legal document that identifies the purpose of the trust,...
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Two Potential Tax Changes That Could Impact Your Estate Planning

Two Potential Tax Changes That Could Impact Your Estate Planning

Now that President Biden has been formally inaugurated as the President of the United States and the Democrats have control of the House and the Senate, have you considered the impact that a new tax plan may have on your estate plans? There may be two potential tax changes that President Biden proposed during his...
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How Do I Choose an Estate Planning Attorney Near Me?

How Do I Choose an Estate Planning Attorney Near Me?

If you finally reached the important decision to put an estate plan in place, you may have asked yourself, “How do I choose an estate planning attorney near me?” This can be a good question and a difficult one to answer if you do not know where to begin. A cursory search of local estate planning attorneys may yield a...
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5 Questions To Ask When Updating Your Estate Plan After Remarriage

5 Questions To Ask When Updating Your Estate Plan After Remarriage

Is it important to update your estate plan after remarriage?  Yes, even though it may not be the first thing you think about after remarrying, it can be important to update your estate plan as soon as possible after remarriage so that you can help ensure that your family, your assets, and your wishes may be...
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Protect Your Estate With Qualified “Gray Divorce” Planning

Protect Your Estate With Qualified “Gray Divorce” Planning

Gray Divorce continues to be on the rise in America. A so-called “Gray Divorce” occurs when couples over the age of fifty, including many senior couples, agree to end their marriages later in life. Sadly, Gray Divorce numbers have been steadily increasing for the past several decades, and they come with their own...
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Planning for the Rising Costs of Long-Term Care

Planning for the Rising Costs of Long-Term Care

The cost of long-term care continues to rise each year. In states across the nation, we have seen increases over the last five years of well over ten to twenty percent in the healthcare industry serving our Older Americans. These costs have risen in a number of areas for Older Americans including, but not limited to,...
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New York Estate Planning You Need When You Have Minor Children

New York Estate Planning You Need When You Have Minor Children

Ensuring your children are happy, healthy, and well-taken care of is a fundamental role of parenting. Another part of that role is choosing a guardian to care for your children in the event of your death. As challenging as it can be to consider a time when you are no longer here to support your children, leaving...
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