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Types of Trusts – What They Can and Cannot Do

I have had more than a couple of clients come to me after their friends or financial advisors told them to put all of their wealth into a trust so that it would be protected from Medicaid/Medicare when they die. That's it. That's all they have been told and it sounds simple enough. However, these

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Revocable Trusts Avoid Probate

Revocable Trusts Avoid Probate – BUT SOMETIMES YOU SHOULD PROBATE THEM ANYWAY I know, it sounds like lunacy. Your loved one created a Revocable Trust for the purpose of avoiding the cost and red-tape of probate. But there are some instances when you, the Trustee left in charge after the death of the Grantor (who

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Types of Trusts – What They Can and Cannot Do

I have had more than a couple of clients come to me after their friends or financial advisors told them to put all of their wealth into a trust so that it would be protected from Medicaid/Medicare when they die. That’s it. That’s all they have been told and it sounds simple enough. However, these

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In This Day & Age, Are Original Documents Even Necessary?

We are in the technological age. Many of us don’t ever think about keeping physical copies of documents that we have in electronic form. For example, do you have a physical photograph of last Christmas with the family. I know I don’t. I have a digital image on my phone (more like my husband’s phone,

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Do I Need to Open a Probate Estate?

When your loved-one dies, you have a million things to do and it may not even dawn on you to ask the question, “Do I need to open a Probate Estate?” That is, until you go to close a bank account, sell a car, or sell a home. The reality is this: unless your loved

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Special People Need Special Consideration

You may have someone in your life that is struggling with a disability. You want to be helpful and even generous. They could use your financial help, right? WAIT! If your someone is receiving Medicaid or other government benefits, helping them out may do more harm than good. Helping them out financially, may cut their

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What Will Be Expected of Me as a Personal Representative of My Loved One’s Estate?

Being named Personal Representative in a loved one’s Will may seem like an honor when they are writing their Will and very much alive – however, after they pass, the reality hits you – What on earth have I gotten myself into? Don’t worry! Virtually all of my clients are puzzled and a little intimidated

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Newly Married?

Two souls have become one. But your estates are still “his” and “hers” unless you update your estate plan. While the State of Florida recognizes that even without a Will your spouse is entitled to a portion of your estate upon your passing, this “portion” may not be what you want your beloved to have.

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Financial Wellness Month

What is a Financial Wellness Program? According to Lee Eliav, digital marketing manager of HelloWallet, “Financial Wellness” may mean one thing to employees and another to their employers. Employers see financial wellness programs as practices that guide employee behavior and create positive productivity. Employees, on the other hand, see Financial Wellness Programs as those which

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Small Business Succession Planning

In some ways, this business is your baby! You have watched it be born, nurtured it through the scrapes and bruises, educated and enlightened it, and helped it mature into something you are real proud of. But just like your human babies, your business needs to become independent from you so that when you no

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