Archive | May, 2013

Trusts

What is a trust? A trust is a separate legal entity for holding and investing property.  One or more persons (the “trustee”) holds property, usually real estate or investments, for the benefit of another or several other people (the “beneficiary”).  The person who gives the property for the trust is known as the “donor” or […]

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Making the Most of Your Retirement Benefits

The stock market growth of the past few years has added tremendous value to the retirement plans of many Americans and made it much easier to maintain their standard of living once they stop working. However, it has made one of the more difficult financial and legal planning decisions facing most Americans that much more […]

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The Probate Process

What is the Probate Process? Probate is the process by which a deceased person’s property, known as the “estate,” is passed to his or her heirs and legatees (people named in the will).  The entire process, supervised by the probate court, usually takes about a year.  However, substantial distributions from the estate can be made […]

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Estate Planning Terms

No one likes to think about one’s own death.  However, planning ahead can help your family avoid unnecessary complications, delay and expense.  This may be done through wills, trusts, joint ownership, and life insurance.  In addition, modern estate planning also includes “life” planning through powers of attorney and health care proxies.  These enable someone else […]

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