A Last Will and Testament is a critical legal document that allows you to accomplish a number of important goals. You can name your beneficiaries and specify the assets you want them to receive, name a guardian for your minor children, and choose the person you want to settle your estate (known as the Executor).In short, a Will helps ensure your wishes are carried out after you pass away. However, in the event you become incapacitated in your lifetime...
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Tag Archives: "Estate Plan"
01 Sep
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Why Is a Power of Attorney So Important?
A power of attorney is a legal document that names an agent to make financial or medical decisions. This form is used when the individual known as the “principal” is unable to make decisions for one reason or another, or, cannot be present to sign legal documents during financial transactions.
Everyone should have designated an agent for medical and financial decisions. If you haven’t named an agent, it’s time to draft the documents with an elder law attorney experienced in...
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05 Jan
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How can you precede an estate plan with the help of the real estate attorney?
What can a real estate attorney do for you?
The series of tasks that a real estate lawyer would perform varies depending on the situation and the agreement between the attorney and the client. Some real estate clients have a small budget and want a lawyer to provide a quite simple and fast read of the documents to make sure that there is nothing outrageous in the documents. Any real estate attorney can further deliver the following services for clients:
Drafting...
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16 Apr
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How Can Estate Planning Attorney Help You During The Novel COVID-19 Pandemic?
The whole world today is suffering from the fearful pandemic' 2019 Novel Coronavirus,' and many have thoughts in their minds that there is no guarantee they will stay alive. Due to the terrifying situation, some people have no food to eat, some have no money to pay the house rents, and some have no hopes left to recover from the infection. In this state, it is the right time to plan the Will and Estate planning online to keep...
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27 Apr
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Situations in Which Your Assets Might Be At Risk
Not all are conscious of the need to have an estate plan in place. The Estate Plan can include a Will or a trust but goes beyond in making sure your assets are managed if you are disabled. It can decrease the taxes, fees, or court costs your heirs may incur after your death. Failure to plan for the management and dispersement of your estate during disability and after death can be very expensive and cumbersome and this is...
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20 Apr
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Why Is It Necessary to Create an Estate Plan?
Estate Planning is the efficient way to allow for administration of your financial and personal assets you die or if you become mentally or physically incapacitated. In Wisconsin, there are several options to establish a written set of directions to your friends and family showing them how your property is to be distributed after your demise. If you fail to put together at least a simple legal document, the administration of your estate will likely cost thousands and may...
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27 Mar
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Will vs. Trust – What Do I Need?
People work hard throughout their life to provide for their families while living and even after death. We often have ideas and wishes as to what and where those items/monies go to. Regardless of your means, you have an estate and there are several strategies to choose from to ensure those assets are distributed according to your wishes and in a timely fashion. We call it your Estate Plan. The right strategy depends on your circumstance. For some, a...
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23 Mar
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Why Do I Need an Attorney for Estate Planning?
Everybody is aware of a will. There are numerous definitions of estate planning. Life and Estate Planning is basically how to give the assets which you have gathered through your life to your next generation in the best and most productive way. This includes looking at all parts of your assets and liabilities and getting ready for what's to come.
Depending on your circumstance, this may include wills, enduring guardianship documents or power of attorney. It might also include living...
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