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Estate Planning
that Keeps Wealth in the Family
Falsehoods
Disseminated by Nursing Facilities
Life Insurance
Trusts Can Help Your Heirs
Long-Term Care
Insurance
Planning for Your
Estate
Planning Makes
a Difference
What Happens
when a Minor Inherits
WHAT
HAPPENS WHEN A MINOR INHERITS
You have gone, leaving your estate to your minor children. what
happens to the money and assets? Can the children use these funds?
LIFE
INSURANCE TRUSTS CAN HELP YOUR HEIRS
On his deathbed, Oscar Wilde was offered a sip of champagne. He
accepted, saying, "I am dying beyond my means." Make no
mistake: death can be an expensive proposition, even if you have
the means to go out in style.
PLANNING
MAKES A DIFFERENCE
Several years ago, I represented a widow in the management of her
husband's estate. The husband, a successful professional, left an
estate of around one million five hundred thousand dollars
($1,500,000). His will left the entire estate to his wife. There
was no estate tax since spouses may give to each other unlimited
amounts tax free.
PLANNING
FOR YOUR ESTATE
By Kenneth A. Redding Attorney at Law
Most people do not realize how devastating the federal estate tax
can be to a person's estate. The tax rate currently ranges between
37% and 60%, far higher than the top income tax rates!
ESTATE
PLANNING THAT KEEPS WEALTH IN THE FAMILY
You've worked hard for the financial assets that you've built up
over the years. If you want to pass them to your loved ones
instead of to the government, read on.
LONG-TERM
CARE INSURANCE
Long-Term Care Insurance provides benefits to pay for nursing home
or home carte services. Neither private health insurance, Medicare
nor individual resources are generally sufficient to cover the
costs of long-term care when a family member(s) requires extensive
home care of permanent nursing home care.
FALSEHOODS
DISSEMINATED BY NURSING FACILITIES
Falsehood No. 1: "We can't give you therapy services because
Medicaid doesn't pay for therapy." Nursing facilities
continually try to limit Medicaid recipients to the bare
necessities. The discrimination against Medicaid recipients is
particularly evident when a resident shifts from Medicare
reimbursement to Medicaid reimbursement.
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