Estate and Elder Law Information Center
Do You Need an Irrevocable Life Insurance Trust? - In most cases, when people decide it's time to invest in life insurance, they either go through their employers or purchase a policy directly from an insurance company. However, families can also purchase a policy inside an irrevocable life …
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Celebrity Deaths in 2020: And the Six Estate-Planning Lessons We Can Learn - As estate planners, we are often shocked to learn about wealthy celebrities who pass away without a will or trust. These wealthy celebrities had the financial resources to implement a comprehensive, up-to-date estate plan …
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When To Use a QTIP Trust - A qualified terminable interest property, or QTIP, trust provides for a surviving spouse while allowing you to maintain control over how your trust's assets are distributed once that spouse dies. Income and sometimes principal that are generated from the trust are given to …
Estate Planning With Big Age Gaps - Are you in an age-gap relationship? Five percent of first marriages and 20% of second marriages need a special focus on making both of your needs work. Financial matters for large age-gap retirement planning include retirement funding, Social Security …
All About Prenups - A prenuptial contract lists all the property owned by two people who are about to marry, specifying what each person's property rights will be after marriage. It is also called a premarital agreement. These days, you don't have to be wealthy or famous to turn to a …
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