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Planning for the Inevitable: the Basic Estate Planning Documents That Everyone Needs

Jimerson Firm

Far too many of us fail to take the time and effort to set up a basic estate plan in the event of an untimely passing. No one wants to think about how their estate is handed down after they pass away. The last will and testament is by far the most important estate planning document you can have.

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Raising Elder Fraud Awareness to Prevent Real Estate Scams

Fico Collections

All too often, elders today are the targets of residential real estate fraud and scams. Scammers capitalize on a hot real estate market. The COVID-19 pandemic hasn’t just gripped the world for the last year—it’s also ignited a residential real estate boom in the US, with home sales hitting peaks not seen since 2006.

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The Importance of Up-to-Date Estate Planning During COVID-19

Fraser

For many people, this has sparked a renewed and urgent interest in estate planning, including creating, updating and/or finalizing estate planning documents. For many people, this has sparked a renewed and urgent interest in estate planning, including creating, updating and/or finalizing estate planning documents.

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Top 5 Asset Protection Strategies for Lottery Winnings

Jimerson Firm

However, with this newfound wealth comes an unwanted spotlight, as lottery winnings are often a target of lawsuits, creditors, scams, and sometimes even friends and family seeking financial assistance or investment opportunities. Strategy #2: Place Assets in Trusts Trusts are powerful tools for both asset protection and estate planning.

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6 Sure Fire Ways to Start Building Generational Wealth

Credit Corp

Whether you call it family wealth or family money, setting financial goals is essential for leaving a legacy. For example, a person has an amount of three months worth of expenses in a savings account. For example, a person has an amount of three months worth of expenses in a savings account.

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Overview of a Trust Beneficiary’s Remedies Under the Florida Trust Code for Breach of Trust

Jimerson Firm

Trusts are a common estate planning vehicle, in which property is held in a trust and administered by the trustee for the benefit of the beneficiaries of the trust. The Florida Trust Code defines a trust beneficiary as “a person who has a present or future beneficial interest in a trust.” See Miller v. Kresser , 34 So.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Federal Activities: On June 18, the Federal Housing Administration (FHA) announced updates to its student loan monthly payment calculations to help provide greater access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color.