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The Practical Workings of Trust Funds (Popularity:  )
http://www.trustfundcompanies.com
You've heard about people using trust funds for everything from handling their affairs while they travel to providing for orderly distributions to heirs when they pass away. So, just how do these funds work?
Parents often wonder how to provide for their children when they grow older, and one of the best ways to do so is to set up a trust fund. A trust is a logical step for those ...
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Powers Of Attorney Vs. Successor Trustees - Does One Have More Power Than The Other (Popularity: )
Question: I am listed as the Successor trustee, my bother is listed as the Durable Power of Attorney for property management of my father's estate. Does one have more power than the other. Does the POA have the power to sell my dad's property or do I the successor? Thanks ahead of time - really confused. N.H.
Answer: Dear N.H. - Generally speaking, you can have as much power under a ...
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Joint Tenancy, a Will or a Trust? What's the Best Way to Plan Your Estate? (Popularity: )
estate plan for you if you don’t have your own,” is preferable to creating your own estate plan.
The problem is that newspapers, magazines, and other media often present conflicting views on whether it is best to choose joint tenancy, a will or a trust as your estate planning vehicle. Who’s telling the truth?
Let’s take a look at the three fundamental goals of an effective estate plan:
(1) Transferring your property to ...
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The High Cost of Probate - Finding Cash to Pay the Bills (Popularity: )
http://www.heirsgetcash.com
Dealing with the death of a loved one is extremely hard and to make matters worse, when it comes to probate it can get even harder. For the loved ones left behind, sometimes the cost of probate can become overwhelming and in many cases, unaffordable. Even when an inheritance is expected, it could be many months, even years before the inheritance is actually received. What is even more unfortunate is ...
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Guide to the Probate Process (Popularity: )
http://www.probatelawyeraustin.com
The legal process by which the state oversees the distribution of the estate to heirs and confirms all debts paid is known as probate. Probate will occur whether or not the deceased has a will. Probate can be best though of as a collection of rules which guides the transfer of an estate.
The first step of probate is the swearing in of a personal representative. The person also known as ...
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Sometimes a Conservator can be a Good Thing! (Popularity: )
http://www.livingtrustnetwork.com
The thought of having a conservator appointed for a parent or relative - even a friend or neighbor - is something we all seem to loath. It has all sorts of negative connotations, including the fact that a conserved individual will be paraded through the probate courts with psychiatric and medical evaluations open for all to see. But, most of all, it's the loss of dignity that results when the ...
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The Wealth Effect - Inheritance Myths (Popularity: )
http://www.lulu.com
The Inheritance Windfall an Urban Legend
Economists, financial advisors, even government tax collectors all agree, the greatest generation were a pack of savers. As they pass away over the next 5-20 years will leave behind Trillions of dollars in wealth. Estimate figures range from 1 to 14 Trillion, I have just assumed Trillion(s). Will they leave their hard saved fortunes to their free spending Baby Boom kids? Or will they endow ...
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Asset Protection In Relation To Medicaid And Bankruptcy (Popularity: )
Asset Protection And Medicaid
Advocating the proper asset protection measure is of crucial importance. The asset protection from Medicaid is to be especially mentioned in this regard. The Medicaid is the health insurance system run by the state for people with low income and limited assets. Planning ahead can offer asset protection from Medicaid to a great extent.
The asset protection from Medicaid planning option will depend on whether the basic documents ...
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Anguilla as a Offshore Jurisdiction (Popularity: )
http://www.panamalaw.org
Anguilla is another jurisdiction with misleading bank secrecy. Commercial confidentiality is contained in the statues, BUT the government of Anguilla will co-operate fully with law enforcement agencies and regulators in other jurisdictions, think wholesale fishing expeditions and inquiries related to “possible” income tax violations. In other words records may be requested just to see if in fact there were any taxation violations that citizens of a certain country may have ...
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Will I Lose The Capital Gains Exclusion If I Gift My Home Through An LLC (Popularity: )
Question: Dear Mr. Pancheri, I read your great article “Gifting Real Estate Under the Annual Gift Tax Exclusion.” In this article you explain that an LLC can be used to accomplish this. I am considering an LLC as a method to gift my house to my son. I have two questions:
- Is there any change in the basis when membership units are transferred (that is, can I take advantage of ...
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