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Share Your Bucket List

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If there are things that you are hoping to do before you pass away, let your doctor know so that the doctor can better develop your treatments.

An unfortunate reality of modern medical care is that doctors do not always have the time or inclination to get to know their elderly patients very well on a personal level. Doctors can read charts and make medical findings, but they do not always know the desires and goals of their patients. When coming up with treatment plans and schedules, doctors do not normally take into account what the patient might want besides...

Donating Business Shares to Charity

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Family business owners who would like to leave a charitable legacy behind when they pass away have a unique way that they can do so. They can donate some of their business interests to charity without affecting their own lifestyles very much.

As people get wealthier, their estate planning goals normally begin to get a lot more diverse. People with only a few assets typically have a main goal of making sure those assets go to provide for their families. However, the wealthy have plenty of assets to make sure their family members are taken care of and accomplish other...

The Golden Age of Trusts

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One of the unintended consequences of the new federal tax law, is that it makes enormous tax savings possible for those willing and able to get creative with trust formation.

If you have read anything about the recently passed tax cuts President Trump signed, you have probably read that a few of the changes seem relatively simple. Under the new law, the estate tax exemption limit is doubled to $11 million for an individual and $22 million for a married couple.

The major complication is that the exemption limit is scheduled to return to previous levels in a few years....

Elder Care Expenses

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Families that provide care for elderly relatives face large expenses. There are a few tax breaks that can help to defray some of the costs.

When it comes to caring for its elderly population, the U.S. has begun to enter something of a crisis zone. Many people are aware of pending challenges facing government programs, such as Social Security and Medicare. Those programs will either need to soon find more funding or be restructured.

There are other difficulties that tend to be under the radar, when it comes to caring for the elderly.

One example of that is increasing life...

The Lottery's Dark Side

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People who suddenly inherit wealth and who do not know how to handle it, can face many difficulties. For lottery winners, sudden wealth can bring even more trouble.

One of the key principles in estate planning is this: it is not a good idea to leave heirs a great amount of wealth outright, especially if they are not already wealthy. People who do inherit wealth like that, tend to fall victim to many different traps.

They often waste the wealth on frivolous items. They gamble. They fall for the schemes of people who seek to manage the wealth for their...