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Keeping a Family’s Estate in Order as It Grows

By Neaher Law / September 26, 2023 / Comments Off on Keeping a Family’s Estate in Order as It Grows

Most young parents do not think about dying or becoming seriously ill or injured. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical insurance, disability insurance, and life insurance. Even though many young parents acknowledge the possibility of a life-altering event…

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Nursing Home Checklist: What to Ask to Protect Those You Love

By Neaher Law / September 19, 2023 / Comments Off on Nursing Home Checklist: What to Ask to Protect Those You Love

A nursing home resident’s well-being depends on you advocating for them. Residents in nursing homes and other long-term care facilities are disproportionately affected by the flu, pneumonia, COVID 19, and other contagious diseases. According to the American Family Physician Journal, a flu outbreak in a nursing home often affects 20 percent or more of the…

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The Digital Footprint of a Loved One After Death

By Neaher Law / September 12, 2023 / Comments Off on The Digital Footprint of a Loved One After Death

Adults rarely create wills, let alone estate plans that address their online profiles. As your online presence grows professionally and personally, taking charge of your digital assets and plans for them after you die becomes important. Some social media companies like Facebook, Instagram, and Twitter provide users with options to nominate someone to look after…

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A Guide for Understanding Grantor-Retained Income Trusts

By Neaher Law / September 5, 2023 / Comments Off on A Guide for Understanding Grantor-Retained Income Trusts

In wealth transfer and estate planning, some people seek strategies that preserve their assets, as well as provide financial benefits. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals to retain an income stream from tax-advantaged assets before passing the assets on to beneficiaries. In this article, we…

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The Cost of a Doctor’s Visit Is Out of Reach for Many Americans

By Neaher Law / August 29, 2023 / Comments Off on The Cost of a Doctor’s Visit Is Out of Reach for Many Americans

Think about being ill and having to determine whether or not you can afford medical care. Unfortunately, for many Americans, seeking medical care hinges on affordability rather than medical necessity. About half of US adults have gone without or delayed medical care in the last year due to a lack of affordability. Even with insurance benefits, many…

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The Importance of Trusts in Estate Planning

By Neaher Law / August 22, 2023 / Comments Off on The Importance of Trusts in Estate Planning

When a loved one passes away, estate planning is an important part of the process of distributing their money and property. Though many people are familiar with wills as a means of distributing assets, trusts can be even more effective. A trust is a legal arrangement where a person, known as the grantor, settlor, or…

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Legally Transferring Wealth to Heirs While Avoiding Taxes

By Neaher Law / August 15, 2023 / Comments Off on Legally Transferring Wealth to Heirs While Avoiding Taxes

Wealth transfer can be protected from excessive taxation by applying tax avoidance principles. Still, it requires careful planning and oversight to ensure techniques don’t cross the line to tax evasion. Assessing tax options can determine the best way to conduct business or personal transactions and inheritance to reduce or eliminate tax liability. Tax avoidance differs…

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An Overview of Litigation in Probate Court

By Neaher Law / August 8, 2023 / Comments Off on An Overview of Litigation in Probate Court

Legal disputes arising during the probate process, the legal process of administering a deceased person’s estate, are known as probate litigation. When someone passes away, their assets and debts must be settled and distributed according to their valid will or the applicable state laws of intestacy (dying without a will). Disagreements and conflicts can lead…

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The Government’s Special Programs for People With Disabilities

By Neaher Law / August 1, 2023 / Comments Off on The Government’s Special Programs for People With Disabilities

In order to assist individuals with special needs, the federal government offers a variety of programs and services. These programs are vital to parents and guardians supporting loved ones with disabilities. Parents raising children with special needs require nearly twenty percent more income annually to care for their child, with that cost often going into…

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Estate Planning Legal Trends for the Future

By Neaher Law / July 25, 2023 / Comments Off on Estate Planning Legal Trends for the Future

The new federal and state laws are requiring a more dynamic approach to estate planning in order to efficiently manage and disperse a person’s estate. These laws affect estate planning tax, trust, and charitable strategies, and the higher your net worth, the more critical it is to re-evaluate your plan. High Net Worth Individuals (HNWI)…

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