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stgvoellerlaw
The answer is: not really. All trusts are set up to manage assets while a person is alive. Differences in trusts are more stylistic, depending upon what benefits the grantor is seeking to achieve. A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a named...
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Medicaid planning encompasses a wide variety of services provided by professionals and volunteers. A general definition is any assistance provided to a potential Medicaid applicant in preparing their Medicaid application. Medicaid planning can be as basic as assistance with document preparation or as complicated as a complete restructuring of one’s financial assets to ensure the...
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You can’t run a business, regardless of its size, without talented people. The trick is to ensure continuity in their various roles. When they leave, you’ll want to be sure that a qualified person is there, ready to take their place. The most successful companies can experience a downturn in operations should someone they relied...
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No matter where you find yourself in life, planning for the future is important. Whether your family is just beginning to grow, or you are moving into retirement, estate planning is a way to protect your wishes and your legacy. Whatever your financial status or age, your assets should be protected during the best and...
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Any estate planning attorney will answer that question with an emphatic yes. Pose the same question to someone involved in decision-making for an incapacitated family member. They’ll give you the same answer. Life is full of unpleasant surprises. One day you are hale and hearty, the next incapacitated, incapable of making decisions that affect your...
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Estate settlements do not always need an attorney. The tricky part comes in when an estate requires a probate hearing. In those cases, an experienced lawyer with knowledge of state probate laws can help eliminate friction and reduce the stress of more complex procedures. If you’re the executor of an estate and are encountering difficulties,...
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The term trust has a positive ring. When it comes to your assets, this is more than an impression. Asset protection trusts go a long way toward shielding a beneficiary’s assets from creditors. Set up correctly, trusts mitigate the impact of taxation, protect assets in divorce and bankruptcy actions and from lawsuits filed by creditors....
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When people think of passing on assets after their death the first thing that comes to mind is a will. “I must have a will. If I don’t, my heirs could be denied their inheritance.” In the extreme, the Government could end up with all the money and assets. While these concerns are valid, there...
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When it comes to estate planning most people think of a will – an iron-clad document listing all assets and how they will be distributed after your death. That is partially true. A validly drawn and signed will is one of the main tools in estate planning to ensure that your wishes are carried out....
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If you have assets that you have worked hard to earn, you don’t want to see them disappear due to lack of planning. In today’s complex world, courts are overflowing with litigation as people sue individuals and businesses for a huge variety of reasons. Claims made by various individuals can threaten your personal or business...
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