Power of Attorney identifies who has the authority to make your financial decisions if you are not able to make them for yourself. When you create your estate plan with your attorney, you will discuss a component that outlines what happens if you become incapacitated. In the event of incapacity, your Power of Attorney will…

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If you have a loved one with special needs, it is important that you consider a special needs trust and the entire legal ramifications of their situation. Special needs planning is a unique opportunity for parents who have disabled children to coordinate their future.

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When a Medicaid recipient passes away, their house becomes at risk of being possessed by the state. The reason being that the state will attempt to recover whatever Medicaid benefits the recipient received, which in most cases is solely their house. In order to avoid Medicaid estate recovery from possessing your house, you will need to ensure that your property does not fall under probate.

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If you pass away without a will, your state of residency determines how your estate and assets are distributed. In the legal world, this is referred to as intestacy. Every state has different intestate succession laws to distribute a deceased person’s assets.

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A trust is a fiduciary agreement that outlines how your assets will be distributed after you pass. In a trust, you specify who will have the authority to handle and distribute your assets to your beneficiaries.

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Most adults should have a will or at least consult with an estate planning attorney to see if one would be beneficial. Simply put, a will is a legally binding document that outlines how you would like your property and assets distributed after you pass away. If you maintain an up-to-date will, you can ensure that your…

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