Category Archives: Will

10 Reasons Why a Simple Will is All You Need

Here are the top 10 reasons why a “simple will” is all you need: You are penniless, homeless and have no family or friends to speak of. You are 100% sure that you’ll never become incapacitated. Your spouse, children and family are taken care of even if they don’t have access to any of your [...]

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Living Trust vs. Will – A Silly Debate

GUEST BLOGGER: VICTOR MEDINA – Victor is managing partner at Medina, Martinez & Castroll, LLC in Pennington, NJ. His focus is on estate planning and he authors an excellent blog at New Jersey Estate Planning. He has given me permission to repost one of his blog entries and one that is relevant in any state. [...]

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Why fill-in forms suck! Part 1: Over the Counter formed Wills

This is a first in a series of posts I will be writing about why fill-in-the-blank legal forms suck. I will be focusing first on over the counter Last Will and Testaments that you can get at any office supply store. I went to one of the big office supply stores and bought a Last [...]

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Lie to Me

NPR Talk of the Nation did a great piece recently about caring for alzheimer’s patients. Specifically, what to do when they ask you about a dead family member who they don’t remember has passed. Do you tell them that they’ve passed or do you lie to them? Is it ethical to lie to the elderly? [...]

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When is a person not qualified to sign a will?

Perhaps the question, “When is a person qualified to sign a will?” will be easier to answer. According to state statute, any person 18 years of age or older and of sound mind may make a will. According to the Courts, a person is of sound mind when they can “appreciate the nature and amount [...]

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The Old, The Young and the Restless

During these summer months, I’ve been out in the community in assisted living communities, participating in numerous elder fairs, and speaking with many financial planners about their views on how the elderly prepare for – well, being elderly. In the Asian community, I’ve found a very strong resistance (or maybe a carelessness) about not only [...]

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Who needs a will?

Everyone needs a will. Anyone who has any assets, children, or pets needs a will. A will is a legal document that directs where your possessions are to go upon your death. A recent Bankrate survey says that over 50% Americans do not currently have a will in place. Other sources place the figure at [...]

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