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Around this time of year, unscrupulous companies step up their efforts to market costly living trusts to older Americans -- arrangements that may actually undermine the buyer's economic security.
According to the AARP, the Federal Trade Commission, and a number of state attorneys general, these high-pressure con artists have built an industry around older... Read More
In Florida the Terry Schiavo case demonstrates the importance for all to sign a living will. Many confuse a living will with a will. A living will is a document that governs the withholding or withdrawal of life-sustaining treatment from an individual in the event of an incurable or irreversible condition that will cause death within a relatively short time, and when such person is no longer able to make decisions regarding his medical treatment.
If this proper document... Read More
Have you considered your pet or pets when planning your estate? If not, you should, according to The Humane Society of the United States, the nation's largest animal protection organization.
"Since pets have shorter life spans, people don't think to include them in their estate plans," says Anne Culver, Director of Disaster Services for the Society. "But animals left homeless when an owner has failed to make adequate provisions for their care are distressingly common... Read More
Whether it's an honor or a burden (or both), you have been appointed trustee of a trust. What responsibilities have been thrust upon you? How can you successfully carry them out?
Here are nine do's and one don't to get you started:
1. Do read the trust document. It sets out the rules under which you will operate, so you need to understand it completely.
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