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Common Misconceptions About Living Revocable Trust April 29, 2013

Common Misconceptions About Living Revocable Trust What is a living revocable trust? A living revocable trust is a trust created during the lifetime of the grantor. Under this instrument, the grantor acts as the trustee during their lifetime and retains complete control over the corpus of the trust. While the grantor is alive and has… Read more »

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What Is A Testamentary Trust? April 29, 2013

What is a testamentary trust? A testamentary trust is a trust created within a will that does not come into existence until after the individual who wrote the will (the testator) passes away. This type of trust is different from a living trust because the trust does not exist during the testator’s lifetime. What is… Read more »

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Guardianship: Caring for An Aging Loved One April 29, 2013

Guardianship: Caring for An Aging Loved One Many of us are faced with the difficult realizations and decisions that come with seeing our parents and loved ones age and lose the ability to care for themselves. Although it is difficult to confront these issues it is important to consider the benefits of establishing a guardianship… Read more »

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Guide to Reverse Mortgages and the Elderly April 29, 2013

Introduction: What is a reverse mortgage? A reverse mortgage allows a homeowner to borrow against the equity in their principal residence. The loan is secured by a deed of trust on the property. This option is available to homeowners that are at least 62 years old, and is an attractive option because it allows them… Read more »

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What is a living will? September 22, 2012

What is a living will? A living will is written legal document that indicates your desire to withhold or withdraw certain medical care based on your health circumstances. Most states provide that the living will be in a form life the following: “I have the primary right to make my own decisions concerning treatment that… Read more »

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Healthcare Powers of Attorney September 22, 2012

Healthcare Powers of Attorney & Durable Powers of Attorney While a durable power of attorney appoints someone to make health care decisions for you it does not eliminate the need for a living will or other advance directive. If you do not have a power of attorney an advance directive will instruct your physician as… Read more »

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Guide to Elder Care Law September 22, 2012

Guide to Elder Law What is Elder Law? Elder law is focused on addressing the issues faced by people over the age of 55 as well as their families. The practice of elder law involves preparing each client to deal with the complex issues that arise as we grow older through discussion.  There are many… Read more »

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Glossary Of Estate Planning Terms September 22, 2012

GLOSSARY OF ESTATE PLANNING TERMS  A-B Trusts:
The two “sub-trusts” created when a person dies, one of which – the “A” Trust – will be maintained for the benefit of the surviving spouse – and the other of which – the “B” Trust – will contain assets of a value equal to the deceased spouse’s remaining… Read more »

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Reverse Mortgages and the Probate Estate Dilemma September 19, 2012

Reverse Mortgages and the Probate Estate Dilemma We have all seen them, the commercials late at night, a stately gentleman, graying hair perfectly parted speaking of the virtues of a reverse mortgages and how they can benefit older Americans entering retirement. Once the pitch is completed the closing image is that of the typical American… Read more »

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How to Select A Trustee or Personal Representative For Your Trust or Will September 17, 2012

How to Select A Trustee or Personal Representative For Your Trust or Will Whether your estate plan includes simply a will or a living trust as well, it is critically important to select someone to be responsible for the disposition of your estate. An executor or personal representative depending on the jurisdiction is responsible for… Read more »

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