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Kathy.Tatone@YourFamilyGuardian.com

Your Family Guardian's Legal Blog


ANSWER: The mere passage of time has no effect on the validity of the will. Individuals and families experience life changes every 2 to 5 years. So even though a will remains valid, the individual and family’s needs change. Tax laws and statutes controlling wills and trusts change as well. – Your estate plan – […]

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What If You Become Incompetent? Without a plan the courts pick the successor manager of your affairs With a plan you pick the successor manager of your affairs Who Raises Your Children? Without a plan a judge decides without the benefit of your insight With a plan you nominate the guardian of your choice How […]

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ANSWER: No! There are times when titling a particular item of property in joint tenancy makes sense.  However, putting all your assets in joint tenancy, especially without proper planning, can be disastrous. Your joint tenant isn’t just a signer, he or she owns an undivided one-half (½) of your assets. Nothing prevents a joint tenant […]

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A staggering number of people will need to be assigned guardians in the next 10 to 20 years.  The sad fact is many people assigned to guardians have no other choice.  At least some of them could have avoided that eventuality by setting up a power of attorney (POA) while they were still deemed capacitated. […]

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ANSWER:  In and of themselves, trusts do not avoid taxes, but they help to carry out good tax planning. As far as income taxes go, revocable living trusts are “tax neutral.” During your lifetime, your trust will not need to file its own income tax returns. The taxpayer identification number for your trust is your […]

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