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What You Need to Know About Prenuptial Agreements
You are about to be married. It is a time of joy, of celebration, of hopes and dreams, of love everlasting. You are about to begin a marriage, full of wonderful possibilities. Of course, the last thing you will want to consider is the end of the marriage, let alone a prenuptial agreement laying out, contractually, what will happen if [...]
6 Things You Need to Know About Medicaid Planning
Nursing home care is very, very expensive. For a typical person in his or her later years, there is not enough income to cover nursing home expenses, particularly if the person’s spouse is healthier and still living at home.
Alternatives to the Formal Administration of Probate?
In an ideal world, our court system works just fine.  If someone dies, the surviving family members can avail themselves of the taxpayer-funded courts.  The courts, chock-full of legally trained lawyers and judges, will work diligently to look at the relevant factors to ensure that the deceased person’s assets, with or without a will, are distributed fairly.
The Benefits of an Estate Plan and The Pitfalls If You Don’t Plan at All
Many people labor under the assumption that “estate planning” is something that they do not need to worry about.  Just the term “estate” seems to indicate the type of wealth that only the 1% have.  If that is your perception of estate planning – think again.
Estate Planning: Crafting Your Legacy
According to the American Association of Retired Persons (AARP) an astonishing 60 % of Americans don’t have medical directives, a will, or an estate plan. With death being one of the few certainties in life, this figure is somewhat surprising on its face. However, many people are uncomfortable with estate planning, because they feel it focuses on the unpleasant end.
Understanding Will Based Estate Planning
Estate plans are generally either will based or trust based plans.  At Doane & Doane, PA, we provide both will and trust based estate planning services.  As the name suggests, a will based estate plan centers around a last will and testament.
Guns and Estate Planning
Nursing homes are very expensive, and most people don’t have the funds to support a long-term stay, which is when Medicaid comes into the picture. Before someone can rely on Medicaid to pay the bills, however, they must first use their own assets to defray the costs of their care until they are nearly depleted.
The Differences Between Revocable and Irrevocable Trusts: 4 Things You Should Know
Revocable and irrevocable trusts are essential for estate planning purposes. It’s important to note, however, that they serve very different purposes and are used to accomplish differing goals. This article touches on a few of the benefits – and limitations – of each.
Medicaid Planning: 3 Things You Should Know
Nursing homes are very expensive, and most people don’t have the funds to support a long-term stay, which is when Medicaid comes into the picture. Before someone can rely on Medicaid to pay the bills, however, they must first use their own assets to defray the costs of their care until they are nearly depleted.