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Five Best Estate Planning Tips for Retirement
Retirement is something a lot of people think about because of how it impacts the later phases of your life. People would prefer to not work their whole lives. After all, no one needs to be short of cash when they leave their employment. Being an Elder Law Attorney in Wisconsin, I have witnessed many cases of family conflict over property and money. Without an estate plan in place, assets may pass to unintended beneficiaries or most of the money...

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Things You Need To Know About Legal Guardianship
One of the parent’s greatest fears is they won’t be able to take care of their children. Guardianship laws vary from state to state and I am well versed in guardianship law. What Do You Mean By a Legal Guardianship? Legal guardianship is a status that enables a person to act on behalf of a minor until the time legal adulthood is reached. A number of states have laws which name the parents of a minor as legal guardian of the...

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The Significance of Medicaid Planning For the Elderly
While Medicare helps with much of one's healthcare costs, it doesn’t cover everything.  A vast number of elderly rely on Medicaid in order to cover those extra healthcare costs during their retirement years.  A major exclusion from Medicare coverage is long-term care, such as a nursing home.  Medicare does not cover all room and board costs. This comes as a surprise for many, not in the industry and can lead to depletion of their retirement nest egg.  Navigating different...

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Choosing the Right Executor
For a wide number of people, the Last Will and Testament is the basis of an estate plan. If you are considering a Will, undoubtedly, you’ll have to make diverse decisions. At this point, you ponder on the estate distribution assets and other provisions of your Will. Besides, there is another equally important decision to make when you prepare your Will, who to appoint as your Executor. A majority of people make the mistake of appointing their loved one...

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Is Guardianship Necessary For Disabled Person?
There is an extensive range of opinions with regards to guardianship for incapacitated adults. While a majority of people identify how essential it is that minors and physically challenged persons have somebody in place for representing their interests, there are numerous people who see these guardianships not a perfect solution for the adults who are disabled because of an illness or injury. The reality is that having guardianship plan in place is necessary for a disabled person if he...

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Estate Planning Documents: How Important Are They?
Estate planning documents are the only way to guarantee that your estate is managed according to your desires. This includes the time from when you may lose your mental abilities, to after your demise when your estate transfers to the individuals you have designated as beneficiaries. Being an experienced Elder Law Attorney in Wisconsin, I’m often asked about how much harm outdated estate planning documents can be. And my answer to all of them is the same: a lot. The...

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The Importance of Hiring an Elder Law Attorney for Probate
An Elder Law Attorney helps the executor of the estate manage the probate process. In other words, I help deal with the legal issues as they arise after an individual passes. An Elder Law Attorney can help to minimize family conflicts Probate can be a period of major clashes in families, particularly when the terms of a Will are less favourable than one or more beneficiaries may wish. I can decrease these pressures and make a smoother probate process for everyone...

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Why Do People Drag Their Feet When It Comes To Estate Planning?
Most people avoid consulting with an attorney when they should be planning for the future. As such, they tend to postpone the task of making an estate plan. There are numerous reasons why people wait to converse with an estate planning attorney with regards to making an estate plan. The Reasons Let’s have a look at a list of reasons why people avoid estate planning: People Don’t Want To Think About Serious Illness or Death People don’t prefer to even...

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What happens to your Assets if you die without a will
What happens to your Assets if you die without a will?
You work hard your whole life saving and investing to have a great retirement.  If you were not able to spend all your money before your death, you want to make sure those hard-earned assets are passed to intended family members and/or friends.  Without a Will, your assets could be left to your State of domicile. When a person dies without a Will it is called intestate. Your property will pass through the probate process and the courts will decide...

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Guardianship vs. Durable Power of Attorney: Positive and Negative Sides
Guardianship vs. Durable Power of Attorney: Positive and Negative Sides
If a person is disabled and doesn’t have a setup plan in place, then he or she is only left with the guardianship option. In such a situation, I, being a Guardianship Attorney can provide help when your family member or friend has become disabled. However, creating plans ahead of time is preferred because of benefits associated with using devices, such as power of attorney.  It is vital to understand the distinction between the guardianship and other alternatives and...

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