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How Insurance Deductibles Work

An insurance deductible is the amount you, the insured, pay before any claim is paid ...

The post How Insurance Deductibles Work first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Enhancing Estate Planning through Heir Involvement

Estate planning goes beyond legal formalities; it’s an essential process that facilitates meaningful family dialogue ...

The post Enhancing Estate Planning through Heir Involvement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Social Security, Medicare, and HSAs

If your employer health plan is a health savings account (HSA) paired with a high-deductible ...

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Will the State Take Your Belongings If You Don’t Have an Estate Plan?

December 17, 2018

Unfortunately, plenty of people have not carried out the process of putting together an estate plan, assuming that they don’t need one or following some misconceptions about what truly happens to their belongings if they fail to plan. NJ-estate-planning-lawyer

It is a big misconception to think that the state takes over your assets if you pass away without an estate plan. If you fail to leave a plan, the state follows the intestate policy of distributing your property to your traceable relatives. The only time that a state truly acquires a decedent’s property is when no traceable blood relative could be identified. This means that you have no cousins, siblings or anyone else.

If you fail to engage in estate planning, a far more likely prospect for what will happen to your belongings is that you will leave behind a mess for your loved ones and one that could be easily avoided by scheduling a consultation with an experienced estate planning lawyer.

An estate planning lawyer can assist you with pulling all of the necessary information together in your key documents and ensuring that you have considered all aspects of the estate planning process.

While the state might not necessarily take your belongings, you probably want to have a say in how your belongings are distributed and the best way to do this is by connecting directly with an estate planning lawyer who can assist you with using tools like trusts, wills and other strategies to protect your assets for the rest of your life and your loved ones in the future.


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Schedule your free Exploratory phone call

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can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
How Insurance Deductibles Work

An insurance deductible is the amount you, the insured, pay before any claim is paid ...

The post How Insurance Deductibles Work first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Enhancing Estate Planning through Heir Involvement

Estate planning goes beyond legal formalities; it’s an essential process that facilitates meaningful family dialogue ...

The post Enhancing Estate Planning through Heir Involvement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Social Security, Medicare, and HSAs

If your employer health plan is a health savings account (HSA) paired with a high-deductible ...

The post Social Security, Medicare, and HSAs first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more