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When A Power of Attorney Is Not Sufficient
Estate Planning

When A Power of Attorney Is Not Sufficient

Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf, when you aren’t able to. Every estate planner and guide to estate planning will tell you that. What few will tell you is there are at least two important instances when the power of attorney (POA) won’t be recognized and followed.

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How Do I Know Fees Subtracted from My Brother's Estate are Legit?
Estate Planning

How Do I Know Fees Subtracted from My Brother’s Estate are Legit?

I’m a beneficiary to my brother’s estate in New Jersey. My younger brother, the executor, is also a real estate broker. When he sold two properties from the estate, he paid himself real estate commissions totaling about $75,000. He never accounted for the rents on the real estate for the two years he managed the properties. Can he do this, and do I have any recourse?

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When A Power of Attorney Is Not Sufficient
Estate Planning

How Does Home Ownership Transfer after a Parent Dies?

My father passed away recently. How do we remove his name from the title to the home? Can we record a death certificate or have mom sign a new deed?

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Roth IRA "5-year" Rule
Estate Planning

Roth IRA “5-Year” Rule

Established in 1997, the Roth individual retirement account has long been a favored option for retirement savings, due to its promise of tax-free withdrawals in retirement.

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Trusts can Work for "Regular" People
Estate Planning

Trusts can Work for “Regular” People

When you hear the word trust fund, you might think of the uber-wealthy giving their kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich.

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Update on the Queen of Soul's Estate
Estate Planning

Update on the Queen of Soul’s Estate

When Aretha Franklin died in 2018, a powerful creditor came calling: The Internal Revenue Service.

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When A Power of Attorney Is Not Sufficient
Estate Planning

Executor and Other Key Roles in Estate Plans

In addition to deciding who gets what when you die, you have key roles to fill that deserve thoughtful deliberation as part of the estate-planning process, experts say.

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What Is Family Business Succession Planning?
Estate Planning

What Is Family Business Succession Planning?

Studies have shown that the number of family businesses owned by second generations and third generations dramatically decline for a number of reasons. One large reason is the lack of business succession planning for the family business.

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Seniors with Dementia and COVID
Estate Planning

Seniors with Dementia and COVID

In Pennsylvania, there were nearly 2,000 more deaths from Alzheimer’s and dementia in 2020 than compared to averages over the past five years, according to the Alzheimer’s Association Greater Pennsylvania Chapter.

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How to Maximize Social Security Benefits
Estate Planning

How to Maximize Social Security Benefits

Sophisticated analyses take into account the tradeoff of receiving no income during the deferral period and more income later in retirement.

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