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Neel Shah
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299 followers
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Top End of Life Documents You May Need

Most people already know that their last will and testament is the cornerstone of their financial and estate plan. However, many consumers don’t have this critical document in place. A 2014 American Journal of Preventive Medicine study found that up to three-quarters of Americans don’t even have a health care proxy, an advanced directive or a living will.

http://lawesq.net/blog/2017/12/top-end-of-life-documents-you-may-need/


#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor #YourHero #Helping #Families #dept #motivation #follow #like #Living #will
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Elder Fraud on The Rise-Up To $36 Billion

A recent study found that three out of ten state securities regulators have seen an increase in elder fraud complaints and cases. Many people are under the impression that it is only cognitively affected older individuals who are at risk for financial scams. However, one out of every 18 cognitively intact elderly people can fall prey to financial abuse or fraud in a given study. avoid elder scams

One 2015 report estimated that more than $36 billion is lost every single year to financial abuse and scams. That problem is increasing and older adults who are experiencing a decline in their cognitive abilities are only a part of the overall story. The population that is currently retiring is one of the wealthiest in recent history, in terms of their retirement savings and criminals know this and will target these elderly individuals to exploit them.

http://lawesq.net/blog/2017/12/elder-fraud-on-the-rise-up-to-36-billion/

#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor #YourHero #Helping #Families #dept #motivation #follow #like
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Do You Have to Update Estate Planning Documents When You Move?

Most people looking ahead to retirement are at least considering moving to another state, if only to be closer to family, maximize their retirement dollars or enjoy better weather. But you need to remember that when you establish estate planning documents in one state, the rules of another state could influence how they are managed.

http://lawesq.net/blog/2017/12/do-you-have-to-update-estate-planning-documents-when-you-move/

#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor #YourHero #Helping #Families #dept #motivation #follow #like
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Proper Buckets for Your Retirement Planning & Estate Planning

The composition of your retirement portfolio affects your ability to support your lifestyle after you retire as well as what you can give away to loved ones.

Many financial managers have recently found that retirees’ assets are in pre-tax accounts, also known as qualified plans. However, this has an additional consequence when it’s time to make withdrawals to cover your living expenses. You would need to pull out additional funds to cover the tax bill that comes with it.

http://lawesq.net/blog/2017/12/proper-buckets-for-your-retirement-planning-estate-planning/

#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor #YourHero #Helping #Families #dept #motivation
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Don’t Make this Trust Mistake

Establishing a trust in conjunction with the development of your will is frequently the cornerstone of a person’s estate plan. However, you shouldn’t think that your work is done after you’ve created the trust. This is a crucial first step that should be completed with the guidance of an estate planning attorney but many people forget to fund their revocable trust, which in essence means it doesn’t serve a purpose. No trust can exist unless it also holds assets.

http://lawesq.net/blog/2017/12/dont-make-this-trust-mistake/

#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor #YourHero #Helping #Families #dept #motivation
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Make Sure Your Retirement Planning Includes the Costs of Long Term Care

You might be relatively healthy now and assume that this will continue for many years. But considering that plenty of research shows that most people entering retirement will need long term care assistance at some point in their life, you should never neglect the possible health care costs of long-term care in your retirement plan.

http://lawesq.net/blog/2017/12/make-sure-your-retirement-planning-includes-the-costs-of-long-term-care/

#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor #YourHero #Helping #Families #dept #motivation
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Entering Retirement with Significant Debt May Affect Your Estate Plans

A recent study completed by the National Bureau of Economic Research finds that older individuals today are more likely to enter retirement with debt than compared with previous decades.

http://lawesq.net/blog/2017/12/entering-retirement-with-significant-debt-may-affect-your-estate-plans/

#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor #YourHero #Helping #Families #dept #motivation
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Common Retirement Issues You May Not Be Planning For

It can be overwhelming to think about retirement and estate planning. However, these are crucial processes that should be considered by any adult. Many people put off the process every time in estate planning because they assume they will have time to make up for it in the future.

http://lawesq.net/blog/2017/11/common-retirement-issues-you-may-not-be-planning-for/


#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor #YourHero #Helping #Families
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What Makes IRAs Different from Other Types of Inherited Assets?

Passing on an IRA is different from stipulating another piece of property in your estate planning materials like a will to pass on to someone else if something happens to you. IRAs are managed differently and there are a complex set of regulations involved in this process.

http://lawesq.net/blog/2017/11/what-makes-iras-different-from-other-types-of-inherited-assets/

#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor
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What You Need to Know About Updating Transfer on Death Deeds

One common question that people present to their estate planning attorney is whether or not they can revoke or change the transfer on death deed in the future. This is one of the major benefits associated with the ToD deed because it can be changed at the later date, as it is not irrevocable. This is because the grantor has not transferred any interests in the real estate or given up any rights, so they maintain the eligibility to change it at any time.

http://lawesq.net/blog/2017/11/what-you-need-to-know-about-updating-transfer-on-death-deeds/


#Retirement #Law #Trust #Family #Planning #Estate #Protect #Attorney #Legal #EstatePlanning #Financial #Advisor
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