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Probate: Understanding the Process

Although probate can be minimized or avoided with thoughtful estate planning, sometimes it is required despite its negative reputation. In reality, most heirs will have to navigate the probate process to some degree after losing a loved one. Understanding what…

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The Benefits of Living Trusts for Seniors

Sadly, seniors can be a prime target for financial abuse and fraud. The elderly are often taken advantage of by strangers — and sometimes even their own family members. That’s why it’s important that planning is in place to help…

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There Is a Significant Health Challenge Associated With Dementia

The prevalence of dementia continues to rise worldwide, with someone being diagnosed with the disease every three seconds. Dementia is a catchall phrase that refers to many types of neurodegenerative diseases. Neurodegenerative diseases bring about the onset of dementia including…

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Children’s Inheritance: Why You Should Protect It

In planning your estate for your children's and grandchildren's inheritance, protective measures should be taken to prevent assets from disappearing or being seized by creditors. A simple way to achieve inheritance protection is through a trust. A trust can pass…

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What Is the Purpose of an Advance Directive?

The tears trickle down Kevin's cheeks as he stands outside Winnie's nursing home room. The medical staff just finished inserting a feeding tube into Winnie – an act Kevin knew she didn’t want. Unfortunately, Winnie couldn’t express her wishes due…

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A Guide to Determining If You Need Probate

Probate is a standard legal procedure that formalizes how some assets pass from a deceased person to his or her chosen heirs or beneficiaries. Whether or not you require probate depends on the type of property and how you own…

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How Are Medicaid and Medicare Different?

The acronym LASA, which stands for "look-alike-sound-alike", is commonly used when referring to medications. When it comes to federal programs, Medicaid and Medicare, in written form, look alike and they do sound alike but work very differently. Both Medicare and…

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