We are talking about life insurance and its place in an estate plan. As we explained in our Nov. 16 post, life insurance can be part of a retirement plan, too. If you own your own policy, and the policy is for permanent life insurance, you may be abl…
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A life insurance policy can be an important part of an estate plan for a few reasons. First, the payout is not counted as taxable income. Also, the payout processes more quickly than a lump sum bequest. While your personal representative goes through…
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On its FamilyFacts.org website, the conservative Heritage Foundation has collected some interesting statistics about inheritance and divorce that we thought fit nicely with our discussion of property division in divorce. Research has shown, for examp…
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When you write a will or establish a trust, your goal is to make sure your property is distributed according to your wishes after your death. You want to avoid conflict, and you want to maximize the value passed on. It’s that basic. Or is it? Y…
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Real Property Legislative Update: Act 39, Public Acts of 2015 was approved by the Governor on June 1, 2015 for immediate effect. This Act requires County Treasurers to furnish copies of their records for a fixed fee. An important change caused by thi…
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How can this toolkit help you?Buying a home is exciting and, let’s face it, complicated. This booklet is a toolkit that can help you make better choices along your path to owning a home. Read More
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Political season is in full swing with the next presidential election only a year away. With every political season, candidates are talking about taxes. What is their plan? Should the federal government increase or cut taxes? Should lawmakers work to…
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When we’re younger, we can’t wait to get older; but when we’re older, we wish we were young again. For many, this sentiment stems from the fact that as we age, our health typically begins to fail, causing a plethora of problems many wou…
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We are discussing special needs trusts and how such a trust can help to support a family member with a disability. Parents of a child with an intellectual or physical disability, for example, may wonder how to ensure the child’s needs will be m…
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A friend of ours recently related a story about her mother and her grandmother. After her grandfather died, her grandmother moved in with her parents. Her mother went out to play cards with friends one night and came home to find her mother standing…
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