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Estate Planning & Elder Law Blog

Estate Planning for Blended Families

There are many different configurations of blended families. However, they are generally made up of married couples who have children from previous marriages or relationships.
05/19/23 • by: The Law Office of John A. Laine, P.C.
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Use Estate Planning to Prepare for Cognitive Decline

Data from sources like the U.S. Census Bureau shows in no uncertain terms that the U.S. population has grown older over the prior two decades.
05/19/23 • by: The Law Office of John A. Laine, P.C.
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Revocable Trusts Must Be Funded to Make Estate Plan Work

The primary benefits of revocable trusts only are available if a revocable trust is FUNDED during life. Unfortunately, experienced estate planning attorneys often have clients who delay the funding of their revocable trusts until it is too late and miss many of the benefits that these trusts provide.
05/03/23 • by: The Law Office of John A. Laine, P.C.
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Do Joint Accounts With Rights of Survivorship Work?

Joint accounts may seem like an effective way to prepare if parents need help with finances as they get older, but unexpected problems could crop up.
05/03/23 • by: The Law Office of John A. Laine, P.C.
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What Is the Meaning of Step-Up in Basis?

Step-up in basis, also known as stepped-up basis, is a wrinkle in the federal tax code that can help heirs avoid or reduce taxes on inherited assets.
04/24/23 • by: The Law Office of John A. Laine, P.C.
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What Elements are Overlooked in Estate Plans?

There are certain provisions that people often forget to put in a will or estate plan that can have a big impact on a family.
04/24/23 • by: The Law Office of John A. Laine, P.C.
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What Is Probate?

How this is handled now depends on the plans the deceased made when they were alive. For some people, that might mean probate.
04/24/23 • by: The Law Office of John A. Laine, P.C.
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Planning for Long-Term Care with Irrevocable Trusts

With the possibility of needing long-term care in the future, many people are interested in proactive planning.
04/20/23 • by: The Law Office of John A. Laine, P.C.
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Planning for Long-Term Care and Taxes

Many families discover that trying to mitigate the cost of long-term care can conflict with another common retirement concern—reducing taxes for retirees and their heirs.
04/20/23 • by: The Law Office of John A. Laine, P.C.
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What Should I Ask a Prospective Estate Planning Attorney?

While more than half of Americans believe estate planning is essential, a mere 33% actually have a living trust or will. And one out of three respondents who don’t have a will reason that they don’t think they have sufficient assets to warrant estate planning.
03/24/23 • by: The Law Office of John A. Laine, P.C.
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