Recent content by thebuchanan

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    Irrevocable Income Only Trust

    My mother has been working with an Elder Law Attorney to prepare her estate and was ready to set up an Irrevocable Income Only Trust for Medicaid purposes. The beneficiaries are myself and 4 siblings, equally. I am to be the Trustee and my sister as successor Trustee. None of the other 3...
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    estate planning

    Thank you The reason I mentioned the fees, etc was to set the tone of the mindset of our mother and the fact that we have been living under a rock when it comes to these matters. We don't expect any problem with us 5 children as we are on the same page in every respect. But we all realize the...
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    estate planning

    My father passed away about 6 months ago and my 85-year-old mom wanted to get her estate prepared so her 5 children would get equal inheritance. We made an appointment with a recommended estate-planning attorney and thought we were going to prepare a simple will. He recommended a a) Simple Will...
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