Archive For The “Legal Thoughts” Category

Survey Indicates Lots Of Child Boomers Will Never Ever Retire

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These are fascinating times in the elder law community since of the reality that the population is aging so rapidly. The Social Security Administration says that there are roughly 10,000 individuals making an application for their Social Security advantages every day, and this in itself is spectacular. The 2nd half of the fact is even…

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Do Kid Deserve To Inherit?

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Whether a child has the right to inherit largely depends on whether the individual who died has a valid will or not. With a will, the testator identifies how she or he desires probate assets managed. Without a will, state laws of intestacy govern. Passing away with a Will Generally, a person has the right…

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Medical Insurance Portability and Accountability Act

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When you are planning your estate it is crucial to attend to all of the matters that pertain to people who are entering their twilight years. While it is real that the financial elements of estate planning are very important, the healthcare element is essential as well, and considering that people here in American are…

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General Power of Attorney Versus Health Care Power of Attorney

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When you start the estate planning procedure, you will be approached with the terms “General Power of Attorney” and “Healthcare Power of Attorney.” During estate planning it is extremely important that you understand these terms completely, given that they can considerably impact your health and well-being throughout and your family after life. General Power of…

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History and Overview of the Federal Estate Tax

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The federal estate tax is defined by the Irs as a tax on the right to transfer property at death. The tax is enforced on the taxable estate, which is the total fair market price of the property transferred at death (called the gross estate) minus allowable reductions. Deductions enabled under the Internal Earnings Code…

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Typical Errors Made When the Elderly Effort to Avoid Probate

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In an effort to prevent the expenses and time included with a Florida probate case, numerous households rely on strategies that that they hear about from friends or that were utilized by previous generations. Often this triggers issues for the specific and their families In an effort to avoid the expenses and time included with…

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Charitably Giving to Specific Groups May Trigger Legal Trouble

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When an individual provides to a charity, she or he must think about certain elements and problems that might become legal issues such as engaging in charities that are rip-offs or those that include unlawful activity either to obtain loan or to disperse it. Involvement in Gambling Some charities operate in combination with or are…

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Medicaid and the Principal Residence

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A discussion of your options when trying to protect your home while getting approved for Medicaid services. Paying for the high costs of long term care today can be financially ravaging. For lots of couples the principal house is their most valuable property and securing that property in case one or both partners need to…

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Legal Professors Examine DIY Last Wills

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When you are trying to find the realities with regard to product or services a highly appreciated go-to resource is Customer Reports. Their site and their paper copy magazine are excellent sources of information, and their research is conducted in a totally unbiased and impartial way. The estate planning neighborhood looked on with interest recently…

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Producing a Self-Proving Will in Florida

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To get around the judicial process of authenticating a will, the Florida legislature enacted Area 732.503 of the Florida Statutes within the Florida Probate Code. To produce a self-proving will, a testator must comply with the legal requirements to develop a legitimate will. In addition to signing a will in front of 2 objective witnesses…

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