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Free Powers of Attorney for Young Adults Ages 18 to 22

As we approach the graduation season, I am reminded that a large number of young adults will soon be leaving for college, junior college, the military, or just leaving home. It is important to note that these young adults are adults and their parents no longer have any right to get information about their doctor visits or insurance information, even if they are paying the bill. Welcome to HIPAA, the Health Insurance Portability and Accountability Act of 1996 that provides data privacy and security provisions for safeguarding medical information.
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When is Making a Gift Advantageous?

Gifts may be made as part of an estate plan for a number of reasons. Some people gift property during lifetime to remove it from their estate, both to avoid probate and to reduce potential federal and/or state estate tax. Others gift property to transfer the income tax on income generated by the property to the donee, and still others transfer property in order to protect it from potential nursing home costs or other medical expenses. Prior to making gifts, all of the consequences of the gift should be carefully weighed. Otherwise, generosity now may actually cost beneficiaries many dollars in tax which would not otherwise be required to be paid. Additionally, the effect of the gift on the client's financial security should be considered.
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Real Estate Tax Exemptions - What you should know?

Every year when we help people sell their homes, as a part of that process, we review their property taxes. We find that many of our clients do not have the correct tax exemptions for which they are entitled. If you qualify and apply for a tax exemption, your real estate taxes will decrease. The three most common exemptions for real estate are the residential exemption, senior exemption, and senior freeze.
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Wills, Powers of Attorney, an Estate Plan - What are They?

What are the basic parts of an Estate Plan? We suggest these 4 documents: 1.) A Last Will and Testament. A will outlines who will be in charge of your estate, how the estate is distributed, and will waive the requirement of the executor posting a surety bond. We suggest everyone over the age of 18 have a will. In a will you can give your executor the authority to access your digital assets, eg. your Facebook account, email, online financial information, and other digital assets. This is becoming very important in the “digital age”.
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