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Commonly Overlooked Tools for Incapacity Planning

Every individual should have a plan for when they can no longer make decisions for themselves effectively but most delay planning because it entails the confronting their fears about disability, death, and dying. As the U.S. population ages in greater

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Expert Witnesses Designated by GTECH in Fun 5’s Lawsuit

GTECH (IGT) filed its Third Amended Response to Disclosures in which it identified the expert witnesses it intends to use at the time of trial.  GTECH intends to present testimony from Laurel Smith Stvan, Ph.D., Chair of the Department of Linguistics at The University of Texas

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RETIREMENT ACCOUNT TRUSTS – Part 2

by Thomas D. Begley, Jr., CELA Separate Trust A separate trust designed specifically to control the retirement account is recommended. It is best that the trust not be part of a revocable living trust or any other trust. A “standalone

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What Your Estate Planning Lawyer Doesn’t Want You to Know about Irrevocable Asset Protection Trusts

In our estate planning and elder law office we do quite a bit of asset protection planning utilizing a variety of different types of trusts, including iPug’s, VAPT’s, MIT’s, FIT’s, CGT’s, IRA Trusts as well as your typical revocable living

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How to Make Health Care Decisions for Someone Else

How to Make Health Care Decisions for Someone Else By: Bernard A. Krooks, J.D., CPA, LLM (in taxation), CELA, AEP® (Distinguished) Maybe you’ve been named guardian (of the person) for a family member, colleague, or friend. Maybe you’ve been listed as

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How to Make Health Care Decisions for Someone Else

By: Bernard A. Krooks, J.D., CPA, LLM (in taxation), CELA, AEP® (Distinguished) Maybe you’ve been named guardian (of the person) for a family member, colleague, or friend. Maybe you’ve been listed as an agent in a health proxy. Maybe you’re

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Michigan Retirement Plan Trust Explained

A Michigan Retirement Plan Trust is a specially designed, cutting edge estate planning tool, that may be used as the beneficiary of an IRA or other type of qualified account.  It’s a form of stand-alone trust, separate from a revocable living

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Top 20 Financial & Legal Steps To Take After Your Divorce Is Done

In most divorce cases in most states, you cannot charge estate plans, life insurance beneficiaries, etc., until after your divorce case has been resolved and your divorce judgment has been entered by the court.  However, once your divorce is final, you need to

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