Andreoli Law Group, P.C.

Due to the COVID-19 pandemic, more people in the US are aware of the necessity of having a will, living trust, and perhaps a living will. Still, this knowledge is not translating into estate planning action.
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There are many people who use trusts, not just the wealthy. In addition to serving many purposes, they address specific problems that are less concerned with wealth, and put the focus more on family dynamics.
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An individual can own fi****ms in a unique way through a gun trust, which enables them to share access to fi****ms with others while still complying with the law. This approach is beneficial for those who own restricted fi****ms or fi****ms regulated by the National Fi****ms Act (NFA), such as machine guns, short-barreled rifles, short-barreled shotguns, and firearm silencers. ****msLegacyPlanning
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Families and individuals with low incomes can get health insurance through Medicaid. However, because of the steep costs associated with long-term care, Medicaid planning is a growing trend for individuals with higher net worth as an alternative to spending down assets to qualify for benefits.
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The probate process involves the processing of a deceased's will by judicial authorities, including probate judges. While state probate laws may vary, the general process is quite similar across the country.
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Family members with special needs can benefit from special needs trusts (SNTs) by ensuring they have the resources to thrive long-term. A special needs trust can provide fiduciary management and oversight for a loved one unable to manage property or funds due to physical or cognitive limitations. https://bit.ly/3qNwdAB

When it comes to estate planning, wills, and trusts have specific and quite different benefits. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; however, the information in each should complement the other.
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According to researchers at Temple University's Lewis Katz School of Medicine, pharmacological "chaperone therapy" protects mice from Alzheimer's disease (AD). Alzheimer’s is a chronic neurodegenerative disease that currently has no cure.
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Probate can be avoided by using legal techniques, which save you taxes, keeps your estate out of public view, and avoids the necessity of court approval at every stage. It can save you time, frustration, and in many cases, significant attorney and court fees.
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It is a good idea to designate a family member to keep an eye on elderly relatives. Make sure everyone knows who will be responsible for checking in with an elderly loved one each day. https://bit.ly/3HNA8Dz

As a result of the Coronavirus pandemic, we are forced to assess our values, priorities, and overall health. The little COVID-19 clinical information relating to treatment options and likely outcomes based on personal health history should lead all of us to the same conclusion; hope for the best, and be prepared for the worst.
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As soon as Jerry's mother Jane decided that she was too old to live independently, she wanted to move into an assisted-living facility. Jane’s arthritis had worsened to the point where she couldn’t dress, she struggled to get in and out of the shower, and she was lonely living by herself.
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Litigation in probate may include guardianship and conservatorship disputes, will and trust contests, and disputes over family real property. The most successful approach to mitigating or avoiding probate litigation risk is carefully planning for the future.
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Human history has never seen a time like this in terms of finance. Baby boomers preparing to pass on their legacies through estate plans put America at the brink of the largest-ever transfer of wealth.
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Protect your children's and grandchildren's inheritances by planning ahead to prevent assets from disappearing or being claimed by creditors. A simple way to achieve inheritance protection is through a trust. A trust can pass your wealth bypassing probate.
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As Americans grow older and become near-seniors, dementia rates rise rapidly. A hallmark of cognitive decline is a long pre-clinical phase followed by an actual medical diagnosis that progresses from early to middle and late-stage dementia.
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A pet trust enables you to provide for your pets after you are gone or are unable to care for them, regardless of whether you have a horse, dog, cat, parrot, or an exotic pet such as a snake or lizard. A pet trust is a legal arrangement that will specify how to care for and take care financially of your beloved pet and is legally recognized in all fifty states and the District of Columbia.
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You should store your estate planning documents such as wills, living wills, powers of attorney, trusts, medical directives, and financial information securely. Additionally, you need to securely store information about birth certificates, marriage licenses, even divorce decrees, as well as medical records and property titles.
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Your estate planning journey may still be in the planning stages or you may have just begun to consider where to start. You may be wondering how your assets should be dispersed and who should be responsible for it.
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Banking and payment of bills can become more difficult with age, but incapacity by accident or illness can strike anyone at any age, posing the same challenges. Incapacity is not just about mental cognition, accident, or illness. You may have a loved one who cannot drive themselves to the bank or has a distinct visual or hearing impairment.
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The number of Americans providing care for aging relatives has reached 53 million. About 17 percent of the US population is a family caregiver, and most are losing sleep, worrying, losing income, and struggling to balance caregiving tasks with their workload and other family responsibilities.

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Let's say your estate plan is in order. It ensures that your family will receive your valuable estate items in a fair and efficient manner. Your plan will also protect your legacy from your children’s potential divorces or bankruptcies.
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When you do not have a plan, your estate's financial future and legacy to your loved ones are left to the courts to administer according to the intestacy laws of your state. Dying without an estate plan or a basic will creates confusion, work, and heartache for your family at a time when they should be mourning your loss.
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CDC reports that one out of five elderly falls causes serious injuries such as broken bones or head trauma. Injuries of this sort can make life difficult for an older person to do everyday activities or live on their own.
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The law regards estate planning as simply the aggregate of property owned by an individual, and most everyone owns at least some property. Property ownership includes individual as well as jointly owned bank accounts, stocks and bonds, retirement accounts, real estate, jewelry, vehicles, your online digital footprint, and even pets.
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There has been an increase in the popularity of continuing care retirement communities (CCRCs) throughout the country. Sometimes referred to as life plan communities, the goal is to provide a long-term care option for older residents.
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Elder law and estate planning are often used interchangeably, but there are significant differences between them. While some overlap exists between the two, learning and implementing strategies from both law practice types is crucial to prepare for successful aging and preserve a family legacy.
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As your child turns 18 (in most states), it might be hard to envision that the little child you once relied on for everything is now an adult. Now your child is free to vote, marry, apply for a credit card, make medical and financial decisions, sign contracts, and live independently.
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Many people want their property to pass to their children, but they don't consider another scenario. What should happen to our property if our children die before us?
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You may wonder what estate planning and elder law are and how they differ as you begin to plan for your future, both financially and in terms of health care needs. Estate planning and elder law also have some similarities.
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A report produced by the Alzheimer's Association (alz.org) provides statistics about Alzheimer's disease. The findings give pause when contemplating the future of many Americans who will be living with crippling dementia.
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In your later years, you might exercise differently than when you were younger. While a select few people enjoy contact sports like rugby, hockey, judo, and lacrosse into their sixties, people of advanced age usually choose sports with less risk of traumatic injury.
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As the federal estate tax exemption allowance threatens to be reduced, it may be time to reconsider how you plan to leave generational wealth to your heirs. Senate Democrats are proposing to lower the current estate tax exemption from $12.06 million to $3.5 million for individuals and $24.12 million to $7 million for couples.
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Dementia is the main symptom of Alzheimer's Disease, which includes memory loss, confusion, and personality changes. However, other issues also cause cognitive decline, and many are treatable.
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If Alzheimer's Disease is detected in its earliest stages, therapies that are currently limited in their efficacy could be developed. Doctors and other clinicians struggle to diagnose before significant damage has occurred. By the time cognitive symptoms and brain scans.
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It may be confusing to understand what estate planning and elder law entail and how they differ as you plan for your future. Estate planning and elder law also have some similarities.
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When people turn 65, they can start receiving health care benefits through Medicare if they have contributed to Social Security over the course of their careers. Individuals under age 65 who qualify to receive Social Security Disability benefits are also covered under Medicare...

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Housing options for seniors are undergoing exciting changes. In 2018 senior housing occupancy fell to an eight-year low, even as the senior population continues to increase, as competition for the younger baby boomer market is ramping up and forcing a change to more traditional independent and assisted living options.

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In the minds of many Americans, estate planning is something that can be accomplished once and then filed away. However, without being aware of the potential impact, people will make gifts during their lifetime or change listed beneficiaries on accounts which can have enormous unintended consequences on their will or trust.

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It is imperative that every American has an estate plan in place if they wish to protect themselves and their loved ones. Making sound decisions regarding finances and healthcare can become challenging as you age due to diminished mental capacity or declining health.

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