Actually 46 states now allow pet trusts, including South Carolina, but you can’t leave monies and assets directly to the pet. A decade ago only 4 states allowed pet trusts. In December of 2011, 94-year-old Italian heiress Maria Assunta, who had no living relatives, left her entire estate valued at over $13,000,000 to “Tomasso”, a…
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I’m putting together my New Year Resolutions and wondered what you thought I should include about disability, elder law and estate planning.
Here is my list of favorites: 1. Be kind to someone daily.It’s incredibly good for your soul and as part of this resolution you need to see your estate plan as a gift you leave for those you love. You can include endearing words and thoughts into your will or trust documents, or even write…
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As a single mom in my 40’s I’m embarrassed to say I’ve done nothing about estate planning.
A recent medical scare has caused me to pause and now consider planning a priority. Any words of wisdom before I do a will? About 73% of parents have no will and some that do are unaware that their kids are not fully protected by their existing estate plan. So here are some common issues…
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I have an IRA and depend on it for retirement income
But as my largest asset I want to be sure I can leave it to my three children and avoid probate. What should I do? Individual retirement accounts or IRAs were often overlooked or disregarded when estate planning was undertaken, but as a result of 401k and pension plan rollovers IRAs hold approximately 27% of…
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