Author: Cecil Medina (Cecil Medina)

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What Is An Estate After Someone Dies

Many people as a probate attorney, If you’re settling the estate of a departed person who hasn’t left a will, you most likely have more than a few questions about how the estate will be distributed. Initially, it’s essential to comprehend that many kinds of assets aren’t gone by will, such as: ♦ life insurance...

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Can You Disinherit Your Child?

While it is nearly impossible to disinherit your partner without his or her written approval. You may want to do so because the two of you have had a falling out, or due to the fact that your kid is capable of attending to himself, and you desire to leave your estate to relatives who...

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Utilizing a Miller Trust to Get Approved For Medicaid

In the states that allow the Miller Trust, the senior can straight transfer additional earnings above the $2000 cap and ensure he or she is qualified to get approved for Medicaid and still use these funds for other health care functions. By learning and utilizing the Miller Trust, this individual can have the additional money...

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Two Reasons to Avoid Probate

Probate is the process by which your Last Will and Testament will be examined and considered valid in a law court. Much of the probate process has to do with analyzing your property for its worth, verifying documents are appropriately filled out, and requiring your relative to submit a number of kinds. This may appear...

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Are You Having Difficulty Selecting a Guardian?

Lots of parents with kids have trouble choosing a guardian. In a lot of these cases the moms and dads have numerous possible guardians to pick from or they do not have somebody who is a complete fit. This is totally regular. If you’re having problem picking a guardian, take a look at a few...

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How Much Can I Gift Prior To Gift Tax?

Not to be puzzled with Estate Tax, Gift Tax is a tax on the transfer of any possessions such as money or property or other to another person without there being any exchange in return. The IRS enables anybody to quit to $14,000.00 a year to different individuals without incurring any charges. The private making...

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Safeguarding a Child’s SSI Advantages When They Get an Inheritance

Handicapped children might get approved for SSI advantages. These benefits can be especially useful in families that do not have much earnings. Sometimes a child who gets these advantages might have a loved one who cares about him or her and wants to leave much-needed funds behind to a specific in this situation. However, if...

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Inheritance Rights for Legitimate and Illegitimate Kid

A parent can choose in a lot of states whether or not his or her adult kids will get any inheritance from him or her by making a will with these instructions. If the individual dies without a will, state law dictates whether the children get an inheritance. Illegitimacy Defined An illegitimate kid is born...

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Prevent Family Conflict by Hiring an Estate Lawyer

Estate strategies can have several goals. At a minimum, an estate plan sets out what will happen to your properties after you die. Something you must think about when developing your estate plan is the potential for conflicts between your family members over your estate and how you can reduce that capacity. Employing an estate...

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Non-Residents and Estate Tax

A Homeowner Non-Citizen is typically taxed for estate tax function as an US Resident, other than for marital deduction problems. Who is a Resident for Estate Tax Purposes? A U.S. estate tax purposes is not the like the definition of “resident” for U.S. income tax functions. For U.S. estate tax purposes, a resident decedent is...

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