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Providing for an Adult Disabled Dependent / Part One – Financial and Estate Planning Is Key

Providing for an Adult Disabled Dependent / Part One – Financial and Estate Planning Is Key

According to the U.S. Census, as of 2005, almost 20% of the country’s population is disabled to one degree or another. These disabilities range from mild to catastrophic. In many cases, disabilities — including mobility and cognitive — can be accommodated. Disabled people routinely participate in everyday activities like driving a car, working and independent living. In other situations, however, that is not the case.
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Blended Family Plan: Estate Planning for Blended Families

Blended Family Plan: Estate Planning for Blended Families

I recently wrote that most people don’t plan to become part of a blended family, but the younger you are, the greater chance you will have of finding yourself part of one. Being part of a blended family in no way sentences you to a life of unhappiness. In fact, the contrary is true: according to a Pew Research report, 70% of those who have at least one step-relative are very satisfied with their family life. But maintaining that satisfaction over your lifetime and laying the groundwork for the equitable distribution of your estate after you are gone is going to take careful planning. Second marriages, where the spouses are often older, mean each individual brings his or her own assets and liabilities to the new family.
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Marriage Equality

Marriage Equality

The common denominator for every family — regardless of the sexual orientation of its members — is concern about their future financial security. This is why the upcoming ruling from the United States Supreme Court on the constitutionality of the Defense of Marriage Act, or DOMA, is so important to same-sex married couples. The Court’s decision is expected at the end of this year’s session in late June. And while legal scholars of all political leanings will tell you that it’s difficult to predict how they will rule, based on the questions the justices asked during testimony, many experts believe that most — if not all — of the provisions in DOMA will be declared unconstitutional.
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The State of Your Estate

The State of Your Estate

While the word “estate” evokes visions of money and grand houses, it’s a term applicable to everyone who owns — and owes — something. And that is just about everyone. The official definition of an estate is the total of the legal rights, interests, entitlement and obligations attached to a person’s property. What that boils down to in plain language is all of your stuff, including material goods and the financial commitments you have made such as mortgages and car loans. Have you thought about your estate?
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