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  • Your Special Needs Child and Estate Planning
      by HG.org

    When there are children with special needs that may inherit or are dependent on the estate owner, certain provisions are necessary in the estate plan. This could include healthcare, long-term care, planning for the unexpected and hiring an agent to ensure business matters are taken care of while the child adjusts to his or her new role.

  • Three Types of Trusts: Differences and Similarities
      by HG.org

    Trusts are created usually to assist heirs with managing or acquiring assets that may bypass probate or other legal concerns such as dependents that attempt to challenge a will. Other benefits of trusts may include evading certain taxes, lawyer expenses and keeping the income within the family or with a beneficiary that has been chosen by the estate owner.

  • Small Estate Administration Considerations
      by HG.org

    Smaller estates usually have less administration complications than their larger counterparts. However, administration considerations should be researched and understood by the owner so that he or she is able to leave enough to beneficiaries or heirs with probate processes known or similar situations mapped out.

  • When Irrevocable Trusts can be Modified
      by HG.org

    Based on the circumstances, it may be possible to modify irrevocable trusts even though they are generally unchangeable. There are five different times when these trusts may be altered to fit the needs of the creator that owns an estate.

  • Small Estate Administration Considerations
      by HG.org

    Small estates usually only deal with a few dependents or surviving family members. This means that there are only so many issue that may rise, and the administration should be simplified when there are fewer persons and complications that may be involved.

  • What Life Events Trigger a Need to Change My Estate Plan?
      by HG.org

    An estate plan often consists of a will, durable power of attorney, advance directive and durable power of attorney for health care. However, individuals may add or subtract from these documents as they prefer. Many individuals may need to change this estate plan as various things change in their lives. They may be hesitant to do so because of the expense involved. However, failing to make changes can result in unintended consequences and leave a person vulnerable. Some instances when an estate plan may need to be changed include:

  • What Happens if I Need a Guardian?
      by HG.org

    A guardian is a person who is given legal authority over another person because of reason of incapacity. If a court determines that a person is unable to make decisions for himself or herself, it may appoint a guardian. A guardian can be given authority over the person, his or her assets or both. The process involved in appointing a guardian is dependent on state law and the circumstances.

  • What Is the Application of Dower and Curtesy?
      by HG.org

    Dower and curtesy are antiquated terms that refer to married spousesí property rights. These rights most often arise in situations involving death and inheritance. However, they may also arise in other contexts and may prevent one spouse from selling or transferring property without the consent of the affected spouse.

  • How Trusts can help a Person who has a Drug Problem
      by HG.org

    A trust is a legal document in which the grantor appoints a trustee to hold the legal title to property on behalf of a beneficiary. These effective instruments can help establish guidelines for how an inheritance is used. They can also help protect against interception by a creditor or using inherited funds in an inappropriate manner.

  • What Are the Duties of a Trustee?
      by HG.org

    A trustee is the person who administers a trust. He or she has many duties and obligations to the grantor or settlor of the trust.


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