Introduction:
As individuals age, the need for comprehensive healthcare and long-term care services becomes increasingly important. For many seniors in the United States, Medicaid is a vital resource that provides financial assistance for medical expenses. However, navigating the complexities of Medicaid can be daunting, especially when it comes to ensuring eligibility while preserving one's assets. This is where Elder Law Medicaid planning steps in, offering individuals and families the opportunity to secure their future while accessing the necessary care. In...
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Tag Archives: "Probate"
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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30 Aug
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Is Probate Necessary?
Many people have questions about the probate process. For example, is probate necessary, and if so, what is the process of probate? Do you need a probate attorney, and how long will the proceedings take?
Whether probate is necessary depends upon how an individual’s assets are held at his or her time of death. Certain types of assets are subject to probate, while other assets are exempt. During the probate process, a personal representative also known as the executor –...
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25 Jan
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The Importance of Having a Knowledgeable Probate Attorney to Assist with Estate Administration
A probate attorney can help the family members of the deceased person resolve any debts and distribute the assets.
The probate attorney, also known as the estate attorney, aids the estate executors to manage the probate process. It is important to have a probate attorney assist you with knowing your rights when it comes to creditors or any of the deceased’s final bills or expenses.
It is also important to have a probate attorney assist you
with saving on taxes. A...
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20 Jul
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What Does Probate Lawyers Do And Why Is It Important To Hire The One?
Did you lost your loved one recently, and now you have to deal with the probate process, however, have no clue about this process? No worries, it is a time to consider hiring a probate attorney. Well, it is a somewhat tricky and complex process, particularly because family conflicts and taxes come into this. But, fear not, it can be managed and made far simpler with adequate professional guidance. A probate attorney can help you go through all your...
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03 Jun
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When Do You Need A Probate Lawyer?
A probate attorney can help family members of a deceased person to settle the debts and distribute the assets.
What Is a Probate Lawyer?
Probate attorney, also called trust or estate attorney, helps executors of the estate in managing the probate process if there is no will.
Probate attorneys also help with estate planning; they give advice on powers of attorney, and also help in the drafting of wills or living trusts, or even serve as an executor or administrator.
Can The Assets Of A Deceased Person's...
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20 Sep
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What are the Steps Involved with the Probate Process?
Probate is the process involved in passing a deceased person’s property to their heirs or beneficiaries named in the decedent’s will. The court process differs from state to state. Generally, the following steps are included:
Filing the will and petition with the probate court appointing an executor or personal representative.
You will need to find out everything the deceased owned so you can file an Inventory (list) with the court. Any bills or bequests should be paid from a...
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28 May
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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 attorney it is called intestate. Your property will pass through the probate process and the courts will...
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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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