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Category Archives: Asset Distribution

What Assets Need to Be Included in My Estate Inventory?

Each person’s estate inventory will look unique, but a careful consideration of the different types of assets that should be included can make it easier for your estate executor and your loved ones when you pass away. One of the … Continue reading

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High Net Worth Families More Comfortable Revealing Information About Their Money

A recent study conducted by Wilmington Trust identified that individuals with high net worth who are older today are more comfortable sharing the intentions of their estate with the beneficiaries. The study included nearly 60 families with at least $20 … Continue reading

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Tips for Choosing an Executor

When approaching the estate planning process, your executor is the individual who has the legal responsibility to ensure that all of your estate planning intentions and plans are carried out to pay out any debts, bills and taxes, and to … Continue reading

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More Americans Are Passing Away with Debt Than Ever

A recent study of 220 million consumers in Experian’s File One database, indicated that up to 73% of consumers are passing away with debt in high numbers. For those individuals who do not have a home loan, the average debt … Continue reading

Posted in Asset Distribution, Asset Protection, End of Life Planning, Estate and Trust Administration, Estate Planning, Family, Legal Assistance | Leave a comment

Estate Planning Increasingly Involves Charity Decisions

How to distribute one’s estate, never an easy decision and one with which people wrestle a great deal, becomes all the more complicated for those who don’t have children, stepchildren, grandchildren or other family members who might otherwise normally be … Continue reading

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The Heart, As Well As The Head, Plays Role In Estate Decisions

Good estate planning goes behind the numbers to take the individuals involved into account. When it comes to giving gifts to family and loved ones through a will or while still alive, there are tax implications to be taken into … Continue reading

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Lessons Are There For The Learning In Actor’s Death

The tragic death of talented actor Philip Seymour Hoffman from an apparent drug overdose offers some important lessons for people least likely to learn them. “One key lesson is the need to make an estate plan when one is going … Continue reading

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Selling off a late parent’s possession can be stressful

As if losing a parent wasn’t trying and troublesome enough, many adult children face the grim task of subsequently have to dispose of some of their late mother’s or father’s prized possessions. Often the sad reality is that what these … Continue reading

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Inherited Financial Security A Blessing, If Handled Correctly

Money does not equal happiness. Let that sink in. It can be hard to believe, but it’s true. Sure, it’s easier to be unhappy when poor, but family wealth, if not handled correctly, can also be a source of grief. … Continue reading

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Death Is Inevitable, But Financial Hassles Can Be Avoided

When a spouse dies is not the time to find out proper steps haven’t been taken to deal with new financial realities. According to a recent article in The Wall Street Journal, even people who feel they are properly prepared … Continue reading

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