2017Feb 21
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Probate: A definition, as well as truths and misconceptions

What is probate? Probate is the legal process by which ownership of a deceased individual’s property is transferred to someone entitled to receive it. It includes a procedure to determine and settle the debts and liabilities of the decedent. When is it needed? Probate is required for property and assets owned by the deceased in his or her…

2016Jul 21
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DIGITAL ASSETS AND HANDLING THEM IN YOUR ESTATE PLAN

As our personal, business and social lives become reliant on technology, the number of a person’s digital assets has multiplied. Digital assets may include: Social network accounts (Facebook, YouTube, Twitter, LinkedIn, Instagram, etc.) Financial accounts (bank and investment accounts, PayPal, Amazon, WePay, etc.) Cloud storage accounts (Dropbox, Apple iCloud, Microsoft OneDrive, etc.) Digital photograph accounts (Shutterfly, Flickr,…

2016Jun 09
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SCAM, FRAUD ARE EVERYWHERE. AVOID BEING A VICTIM

The United States Senate has a Special Committee on Aging that maintains a Fraud Hotline. By calling the Fraud Hotline number (1-855-303-9470), consumers can report a scam and also obtain information about how the most common scams operate and how to avoid becoming a victim of those scams. You can also access an on-line report…

2016Jan 11
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REVOCABLE TRUSTS IN MEDICAID PLANNING

Non-attorneys often seem to have the idea that putting assets into “a trust” will shelter assets from being lost if they or their spouse, need to go into a nursing home on Medicaid. Generally, this is not the case.  However, it takes a bit of explanation to clarify why this is a wrong idea. Most…

2015Oct 29
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GUARDIANSHIP OR ADOPTION? Initial Points to Consider

People occasionally call our office when they are thinking about taking someone else’s child into their home, and ask whether they should seek guardianship or be looking to adopt the child. Following is a list of some things to consider at the outset, in making the decision. First and most fundamental, do the parties involved…