Social Security Basics: What You Need to Know (Part One)

Social Security retirement benefits are incredibly important sources of income for many Americans, so it’s vital to know some basic facts about the system to make sure you’re getting the full extent of benefits available. The Social Security Administration calculates amount of your Social Security benefits, depending on your earning history, how long you’ve worked,…

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5 FAQs about Medicaid Planning

Medicaid planning requires confrontation with uncomfortable realities. It’s scary to imagine that you might not be able to care for yourself one day. The solution to this fear is planning. By taking stock of your challenges, you can approach the next phase of your life with courage. These FAQs can give you clarity to that…

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Shielding Your Assets and Planning for Medicaid: What You Need to Know

Medicaid planning, in theory, should be pretty straightforward. After all, millions of people depend on Medicaid to some extent to pay for late in life care. We’ve collectively had decades to work out kinks in the system. And the basic concepts underlying this government safety net are easy to understand. Unfortunately, many people severely underestimate…

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Not Married? You’re not alone – but you still need a plan. Estate Planning for People Living Together, Bachelors, and Bachelorettes

Approximately half of America’s population over the age of 16 is unmarried. While much of the discussion involving estate planning focuses on married couples, this topic is just as important for a single person. In fact, many times it is even more important that a single person have a well-coordinated estate plan. This is because…

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Don’t Make These Common, Expensive Mistakes: How to Leave Assets to Minor Children

Most parents want to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles, and good friends sometimes want to leave gifts to beloved young children too. Unfortunately, good intentions and poor planning often have unintended results. Don’t make these common, expensive…

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I Have Established a Living Trust, What Now?

After a Living Trust is established as part of someone’s estate plan, the person setting up the Trust (the “Trustor”) usually serves as initial “Trustee”.  A Trustee is in charge of the administration of the Trust and the handling of the Trust assets. For that initial Trustee, handling the Trust is pretty much “business as…

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Business Planning: Small Business Owner? Know What Can Happen to Your Business If You Become Incapacitated or Pass Away

Business Planning, for your small business, preparing your company for your incapacity or death is vital to the survival of the enterprise. Otherwise, your business will be disrupted, harming your customers, employees, vendors, and your family. For this reason, proactive business planning  including your finance and your estate plan is key. Below are some tips…

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After Tax Reform, Is Estate Planning Still Necessary?

The new tax legislation raises the federal estate tax exemption to $11.2 million for individuals and $22.4 million for couples. The increase means that an exceedingly small number of estates (only about 1,800, nationally) will have to worry about federal estate taxes in 2018, according to estimates from the nonpartisan congressional Joint Committee on Taxation.…

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Determining the Core Values You Want to Pass to the Next Generation

Whether you run a business or just care deeply about your family, you’ve developed a strong moral code. This wisdom was hard-won. You’d like to pass it on to the people you care about most, so that they won’t have to go through similar struggles. But which values are truly core to you? Good Values…

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Worries About the Future Keeping You Up at Night? [A Useful Solution]

Bestselling author, David Allen, argues that our brains, like computers, have a finite amount of RAM (Random Access Memory). Although this conscious storage is limited, our unconscious mind still knows something needs doing. As Allen writes in his book, Getting Things Done: As soon as you tell yourself that you need to do something, and…

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National Estate Planning Awareness Week

Congress has designated the third week in October as National Estate Planning Awareness Week (October 15th-21st). What is Estate Planning? Estate planning is one of the most looked past areas of personal financial management. It is estimated that 70% of American’s do not have an estate plan. While many mistakenly believe that this process is…

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When the Cloud Offers Shelter From the Storm, Protect your Legal Documentation

It’s been the season for devastation, with three storms ravaging the U.S. and Caribbean. The human costs of these storms are hard to contemplate. But there can be smaller costs that cause pain, too: Lost photos, keepsakes and mementos of lives well lived are often casualties of storms. The same is equally true of important…

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