Is a Simple Will Right for Your Estate Plan?

You’re starting to think about creating your estate plan, but it can be confusing. How do you know what is right for you? Simple will? Trust? Something else? Let’s start with a simple will. This is a basic estate planning document that everyone should have at minimum. They can do the following: Name a guardian…

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Are You in a Loveless Marriage? 6 Questions to Ask Yourself

Your relationship has seen better days, but is it really time to end your marriage? Such decisions seldom come easily, even when you’ve been mulling over the possibilities for a while. Before you decide if your marriage is really on life support, consider these questions: Is your spouse a source of physical stress? If you…

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How to Minimize Spousal Support Taxes

For decades, the tax laws regarding spousal support went virtually unchanged: The paying spouse was able to deduct spousal support from their taxes, and the receiving spouse had to pay the taxes on it. In practical terms, that could help reduce the total being paid on the money and generally encouraged paying spouses to be…

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Litigation May Result from Breach of Contract

Businesses often enter into contracts when they have an agreement with another party. The terms of the contract must clearly spell out each party’s obligations for the arrangement. There should also be guidelines for what will happen if either doesn’t meet those. Failing to comply with the terms of a contract is known as breach…

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Military Divorce? Set Your Family Care Plan

Members of the military usually count on a civilian spouse or other family member to care for their children if they face a deployment. If you’re married to a civilian but have decided that the union isn’t working, you have several things to think about. One of these is setting up a new family care…

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Beware the Medicaid Look-Back Period

Long term care options are often costly, especially for residential facilities. Some people assume that they’ll be able to count on programs like Medicaid to cover these. However, Medicaid is a needs-based program that takes the applicant’s assets and their ability to pay into account. Medicaid won’t start picking up the expenses of long term…

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