A Medicaid asset protection trust (MAPT) can be useful for estate planning if you believe you or your spouse will need long-term care at some point. Transferring assets to this type of trust can allow you to qualify for Medicaid … Continue reading →
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Payable on death accounts can help streamline the process of transferring certain assets to loved ones after you pass away. Also referred to as a POD account or Totten trust, a payable on death account can be established at a … Continue reading →
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FreeWill is an online estate planning tool that allows you to create or update a legally binding will in as little as 20 minutes. It offers products such as the ability to document funeral wishes, create a durable financial power … Continue reading →
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Confronting our health and what might happen to us someday is not an easy task. Even though estate planning is emotionally challenging, itâs a necessary step to protect yourself. Not only that, without any plans, your loved ones might face … Continue reading →
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Trusts can be a useful tool for estate planning if youâd like to preserve assets for loved ones while minimizing estate taxes. A qualified domestic trust (QDOT) is a specific type of trust that can offer tax benefits for married … Continue reading →
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When planning for the future, itâs common to think of what youâll do with your estate and assets. However, there is more to consider than just your financial situation. You have to take into account your health and well-being, too. … Continue reading →
The post Living Will vs. DNR: Key Differences appeared first on SmartAsset Blog.
Hard choices wait around every corner as you age, but some of the most difficult ones are about your own care. Without a plan in place, you might not be able to convey your wishes to those around you, leaving … Continue reading →
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TotalLegal is a company that offers consumers the opportunity to create quality legal documents for a variety of needs. With regards to estate planning, the website allows users to create a last will and testament, power of attorney, living will … Continue reading →
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Estate planning as an individual is complicated enough, but planning for it in a marriage can create greater difficulties. Working as a unified partnership for your joint estate’s future means that you both will have priorities you want to bring into … Continue reading →
The post How Does an Estate Tax Marital Deduction Work? appeared first on SmartAsset Blog.
Planning for the later years of your life is often an emotionally taxing experience. However, itâs often scarier to go into the end of our life without a plan. Of course, a plan requires the right legal documents. A living … Continue reading →
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