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  • Why Choose Us
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Aug82016

Advantages Of Revocable Living Trusts

· What are the benefits of a revocable living trust? Control, cost, convenience, and confidentiality are the four primary reasons that many people turn to trust-centered estate planning. CONTROL A…

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August 8, 2016Estate PlanningBy elderlaw

Planning For A Family Trust

Planning for a Spouse · Am I required by the laws of my state to leave a portion of my assets to my spouse? The inheritance and succession statutes of…

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August 5, 2016Assets, Estate Planning, Living TrustBy elderlaw
Aug52016
Aug22016

Everything You Should Know About Community Property

· What states require community property? Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. · What is community property? While the community property laws vary in each…

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August 2, 2016AssetsBy elderlaw

Trustee Ownership & The Revocable Living Trust

What is meant by “trustee ownership”? The form of property ownership most rapidly expanding in the estate planning field is that of trustee ownership. By establishing a revocable living trust,…

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July 28, 2016Living TrustBy elderlaw
Jul282016
Jul282016

Tenancy-In-Common Property

· What is tenancy in common? Tenancy-in-common is ownership of property between two or more people. Each of the owners owns a percentage of the property, called an undivided interest.…

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July 28, 2016Estate PlanningBy elderlaw

Traditional Methods Of Estate Planning

Ownership of Assets · What does “title” mean in relation to property ownership? Title is the legal concept of ownership. When you take “title” to any piece of property, you…

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July 28, 2016Estate PlanningBy elderlaw
Jul282016
Jul282016

What is Living Probate

· What is meant by “living probate’? It is possible that, prior to your death, you may become mentally disabled due to disease, stroke, or accident. Legally referred to as…

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July 28, 2016Will and TestamentBy elderlaw

Probate

Death Probate and Administration · What are the origins of the probate process? In our country’s earlier times, a person would homestead a particular piece of land and obtain a…

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July 28, 2016Will and TestamentBy elderlaw
Jul282016
Jul282016

Tax Planning

· Why should I do estate planning—don’t I have a duty to pay tax to my country? Consider a concept called the “hand of taxation.” Count the fingers on one…

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July 28, 2016Law, TaxesBy elderlaw

Step-Up in Basis/Capital Gain Tax

· What is a step-up in basis, and why is it important? In general terms, basis is your attributed cost of a particular asset. Usually this is the purchase price.…

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July 28, 2016TaxesBy elderlaw
Jul282016
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