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Basic Estate Planning: Why Have a Will?
priority to certain persons to make medical decisions in the case of incompetency. Even though these people ... Some people are uncomfortable signing a living will because it places authority in the hands of doctors ... people sign both documents because they do not want to burden family members during a stressful time. The ...
Basic Estate Planning: Miscellaneous Issues
impact very many people, so we have not raised them until this last fact sheet. Discussed here are ... term generation-skipping makes some people think they are disinheriting their children in favor of ...
Basic Estate Planning: Costs Involved in Transferring Property
larger estates, there might be a need for more detailed estate plans. But for many people, especially ... difficult. Most people want quality service and expertise for the best price. Important considerations in ...
Basic Estate Planning: Medicare and Medigap
facility care. For most people on Medicare, the $1,156 deductible is all you pay for hospitalization. This ...
Basic Estate Planning: Letter of Instruction
Otherwise competent people might not be thinking clearly at that time. A suggested list of items to include ... instruction is next best. Do not put off making decisions concerning the disposition of property. Many people ...
Basic Estate Planning: The Nursing Home Dilemma
• $42,328/year ($814/week) for 5 days/week homemaker services Many people spend down to Medicaid eligibility. ...
Basic Estate Planning: Trusts
of a strategy to reduce estate settlement costs. People might do an excellent job of managing their ... the people that own it and control it. A trust is created when it is signed, or it can be created ... relationship not separate from the people that own and control it, assets transferred to a trust need to be put ...
Norovirus: A Different Type of Foodborne Illness
occur each year is hard to determine because many people attribute their illness to the flu. The local ...
Basic Estate Planning: Giving
a charitable organization, sums of $13,000 or less per year can be gifted to as many different people as the ... (including income tax on gain), gift taxes, and estate taxes. When making sizable gifts, most people make ...
Basic Estate Planning: Tax Basis if Property Is Transferred
$70,000 would increase most people's federal tax bill by $10,500 ($70,000 X 15%). There would also be ... as $1.3 million per person utilizing the qualified family-owned business deduction times two people ...