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Why You Are Never to Young To Plan For Death

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We read stories all the time about young people who die unexpectedly. Take the example of a 39 year old man who died in his sleep the day before his twins were born. Or the 22 year old competitive bike rider who died of a heart attack. Or a 31 year old man who drowned in a lake.

In the latter case, failure to plan meant the young man’s girlfriend and child, with whom he lived, ...

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Wills and Trusts – a Legal Product or Legal Service?

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The questions about creating and drafting your own wills and trusts just keep coming. In the technical age, where clients are savvy and used to instant gratification and purchasing on the web, it seems logical that people would want to buy wills and trusts from a website or create them themselves. But, we hear or read stories all the time about the problems with this approach. Fox Business Report ran an article today about Ann Aldrich who purchased ...

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Update Your Will and Trust After A Life Event

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New baby, adoption, death of a loved one, divorce; all of these mean that changes need to be made to your estate plan. Unless you have a very generic, covers-all-changes type of will or trust, you need to update your documents in the event of a change in your life. If you don’t make changes, you could cause a lot of problems for your family. Take for example the tragic story of Phillip Seymour Hoffman who recently ...

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Paying for Your Estate Plan: Why Does It Cost So Much For A Trust and Will?

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The first question from a potential client is “How much does it cost to do a will?, trust?” The answer is always “It depends on your needs and desires”. In fact, my question back should really be “How much are you willing to pay for peace of mind”? Because that is what a properly drafted estate plan gives you. It is not a mere collection of papers that you put away and never look at ...

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Estate Planning in Your 50’s – Beef Up Your Savings

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I often counsel my clients that medical care is the greatest depleter wealth for retirees. You spend most of your life working in the hopes that you have earned enough and saved enough for a comfortable retirement. Most people would like to have a little left over for their children. Unfortunately, no one can predict the future. A lengthy illness or mental deterioration may mean that you will need to dip into your savings to pay ...

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Planning for Life and Estate Changes in 2014

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It’s a new year. Many people reflect on the past year and their accomplishments (or the lack thereof). I try to look back and see how past events will influence my life and actions in the new year. You might have experienced meaningful life changing events; marriage, birth, death, retirement, etc. All of these events should encourage you to evaluate or re-evaluate your estate plan. Do you need to create or change a will, trust ...

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The Earlier You Plan For Retirement, The Better Off You’ll Be

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As this article in BusinessWeek suggests, it is important to begin planning for retirement at a young age. Baby boomers are poorer than their parents and with changes in the world wide economy and particularly health care in the United States, it is more important than ever to prepare and start saving, NOW!

http://www.businessweek.com/articles/2014-01-02/baby-boomers-poorer-in-old-age-than-their-parents

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Yours, Mine and Ours – Estate Planning for the Blended Family

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So you’ve decided to merge your families.  Amidst all the excitement and anxiety, you probably forgot about estate planning (don’t worry, you’re not alone).  But remarriage raises several issues unique to estate planning.

First, you need to make sure that you have replaced your former spouse as beneficiary of any insurance policies and retirement plans.  In Nevada, as in many other states, state law automatically disinherits ex-spouses.  However, in some cases federal law overrides state law.  For example, if you have ...

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Convincing Your Parents to Plan for Elder Care

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I’ve discussed this topic before, but it is becoming more important in an aging society.  As our parents age their physical deterioration may be obvious, but it is easy to ignore, or for them to hide, mental deterioration.  So, how do you as a child assess whether your parent needs help?  There are some obvious signs to take note of.  Is a once tidy house now neglected or unclean?  Is there hoarding?  Is mail lying around unopened?  Does the house ...

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Estate Planning

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Estate Planning

Protect and preserve your assets with careful estate planning  Wills, trusts, avoid probate, reduce taxes and provide for your loved ones.  Estate planning is not just for the wealthy, it is for everyone.  Read more

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