The process of estate planning can vary in complexity, even at the best of times, depending on the nature of your assets and who your intended beneficiaries are. That is why planning your estate with a lawyer is essential to avoid legal problems down the line. Here are five estate planning mistakes you should be careful to avoid:
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Under normal circumstances, it is not generally necessary to worry if a guardian is caring or is going to care properly for their ward, as you can assume that most legal guardians are doing their best to care for whoever is in their charge. However, it is sometimes necessary to contest a guardianship, which can be a long and costly process for all involved. But what exactly is a guardianship contest, and why might you need to start one?
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When people declare bankruptcy, they are often afraid they will lose everything they have while trying to pay off their debts. However, the fact is that many types of property are exempted from liquidation, meaning you will get to keep a certain amount of money and property no matter what else happens. Here are seven types of property exemptions that exist in federal bankruptcy law:
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A living trust, also known as an inter vivos trust, can be an extremely useful tool for some people seeking to plan their estates. Depending on your needs, it can both be an effective tool for managing your assets while you are alive, and become an effective means of asset distribution after you pass away. But what exactly is a living trust, and what can it do for you?
A power of attorney is an essential component of any estate plan, even if you are in perfect health. This is because a serious illness or injury can happen at any time, leaving you unable to handle your own personal affairs and placing your well-being in another’s hands. Here are five important things you should know about putting a power of attorney in your estate plan:
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When people look to purchase a new home, they will often look over a property themselves to see if there are any issues they can see. However, unless a trained inspector can catch plenty of issues you can miss with a simple visual inspection. Here are seven serious property defects that an inspection might reveal:
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When you are looking to purchase real estate, it is not enough to examine the physical property itself. You also need to look into the legal state of the property to determine if there are any title defects, or else face serious potential legal and financial consequences that can ruin your transaction. If you don’t have the assistance of legal counsel and a reputable title agency, here are seven title defects that can sabotage your real estate deal:
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There are few things more stressful than your loved one reaching a point where they need a legal guardianship to help protect them. If that happens, you will need to act quickly to ensure they receive the legal and financial protections that a guardianship affords them. But when exactly does guardianship become necessary, and what should you do if you have reached that point?
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Every business relies on the ability to efficiently conduct transactions with its customers, without being impeded by unnecessary hurdles or concerns. And yet, any business that is not careful can find itself dealing with the consequences of a poorly thought out contract or some legal problem they did not foresee. Here are just some of the ways that commercial transactions can go wrong:
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A power of attorney is an essential component of any estate plan, and ensuring you have one suited for your needs will protect your interests and can help avoid many potential legal issues. However, despite this, some people express doubts regarding the concept of a power of attorney. Here are five important reasons you should get a power of attorney:
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