As grandparents, you likely love the opportunity to shower your grandchildren with gifts. In most cases, these gifts are given on holidays and birthdays and commonly consist of an item that may have been at the top of your grandchild’s wish list. W…
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One of the main reasons that a person creates a revocable living trust (a trust established during a person’s lifetime that they can amend or revoke) instead of relying on a will to transfer their money and property to their beneficiaries is to avo…
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Why the Knives May Come Out at Death The box office success of the 2019 murder mystery Knives Out led to franchise status, with Glass Onion, the first sequel, released in late 2022. The original Knives Out featured whodunit intrigue surrounding the m…
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Friction between family members can escalate during a scorching summer heatwave. Likewise, a flawed estate plan has the potential to breed conflict, mistrust, and financial turmoil among your beneficiaries in several ways. Lack of a plan. If you fail…
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On February 14, 2023, California state lottery officials named the winner of the largest lottery prize in United States history: Edwin Castro won an eye-popping $2.04 billion in a November 2022 lottery drawing, choosing a lump sum payment of $997.6 m…
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Introduction The Baby Boomer generation, born between 1946 and 1964, has long been known for their significant impact on society and the economy. As this generation gracefully ages, they are now preparing to pass the torch to the next generation in m…
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You have a minor child who depends on you for their survival, so you need to make sure that they will be cared for if you are ever unable to care for them. By creating an estate plan, you can address your minor child’s care and custody and provide…
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A Power of Attorney (“POA”) is a legal document that empowers another adult, such as your spouse, family member, or close friend, to manage your financial and property matters. This authority is particularly useful when you are incapable of manag…
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Deciding between creating a will or setting up a trust is confusing. However, farmers, business owners, and high-net-worth individuals need to plan ahead and make sure their assets are distributed according to their wishes after they pass away. But h…
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When it comes to estate planning, it’s important to consider who will make decisions on your behalf if you are unable to do so. A power of attorney is a legal document that allows you to appoint someone to act as your agent and make decisions f…
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