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The Top 10 Medicaid Myths
Here is a list of important facts about the Medicaid process.
A Must Read for Siblings of Caregivers
To all the siblings who mean well by offering advice on how things should be done - Don't give it unless you plan on rolling up your sleeves and putting your wonderful suggestion into action.
What is a Holographic Will?
A holographic Will is one that is written by hand, not typed or created on a computer or word processor. These Wills are only valid in a few states. Unwitnessed holographic wills are valid in around 19 out of the 50 states so make sure that holographic Wills are allowed in yours before you consider using one.
Avoiding Probate with a Payable on Death Account
Among the ways to avoid the costs and inconveniences associated with probate include setting up a “payable on death” (POD) bank account. These are also known as “Totten Trusts” A Totten trust (also referred to as a "Payable on Death" account) is a form of trust in the United States in which one party (the settlor of the trust) places money in a bank account or security with instructions that upon the settlor's death, whatever is in that account will pass to a named beneficiary. For example, a Totten trust arises when a bank account is titled in the form "[depositor], in trust for [beneficiary]".can be opened at most banks, brokerage houses, credit unions, and other financial institutions. ">Continued ...
What Are Some Common Types Of Trusts?
Trusts come in a variety of forms and can be established in many different situations. The most common forms of trusts include: Asset Protection Trusts, Charitable Trusts, Implied Trusts, Living or Inter Vivos Trusts, Irrevocable Trust, Special Needs Trust, Spendthrift Trust, Tax By-Pass Trust, Testamentary Trust, and Totten Trust. ">Continued
Don't Die without a Will - It Can Cost You Big Time
With all the free and inexpensive resources available to create a Will why do so many refuse to do so? It may be one of the best gifts you can give to yourself and loved ones. They can ensure that all your bases are covered and that your Will and Estate plans are properly completed.
The Worst Excuses For Not Having A Last Will and Testament
What should every adult have, but nearly three quarters do not? The answer-an up-to-date Last Will and Testament.
Most people do not have a legal Will because of these top 10 excuses: ">Continued
When is Probate Necessary?
Probate is the court process to determine who receives assets owned by someone who has died. The court appoints a personal representative (or executor) to take charge of the estate, pay all debts and taxes and, ultimately, distribute the remaining assets to the heirs.
There are occasions when the probate process can be avoided. This typically happens when assets have been transferred prior to death or proper beneficiary designations have been made such as a POD (Payable on Death). ">Continued
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