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Guardianship Lawyer Long Island
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Guardianship Lawyer Long Island

What is Guardianship? Guardianship is an arrangement which gives an individual the legal authority to make financial, personal and health care decisions on behalf of

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Lawyer immigration NYC

Immigration Lawyer NYC Immigration Lawyers NYC is one of the satisfactory immigration regulation corporations in the United States. The immigration attorneys at our company grant

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Trust and Estate planning attorneys 07652

Ensuring that an estate plan preserves, protects and transfer assets exactly as you desire requires proper planning before disaster strikes. Disasters most often occur spontaneously

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Will Attorney Brooklyn
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Will Attorney Brooklyn

A will attorney Brooklyn is an estate planning lawyer in Brooklyn well-versed in the estate laws of Brooklyn, who offers legal assistance to the people

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Probate is a legal process which is used by the court of law to determine if the last will and testament of a deceased person

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best probate lawyer

Probate Lawyer Near Me There is a frequent false impression that probate regulation solely deals with the distribution of property after any individual dies. But

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Estate Planning

managing debt during probate

Probate proceedings calls for the validation of a Last Will and all that is stated in the estate document. As soon as an estate decedent

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Estate Planning

Why Is Everyone Talking About ILITs?

An Irrevocable Life Insurance Trust (ILIT) is a trust that, once created, generally cannot be altered. Typically, an ILIT is used by depositing life insurance benefits or

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Long-term health care insurance is one of the most important and popular products for protecting oneself with age. It’s also evolving, serious changes are coming to most LTC insurance plans that could have big consequences for everyone involved.  That’s why if you or someone you care about either has or is interested in obtaining LTC insurance you need to know what comes next. Here are some of the biggest LTC insurance trends that are on the horizon.

– Cheaper Policies:

Many LTC insurance carriers have begun implementing policies that are shorter term, and thus cheaper.  The drawback is that these policies typically provide more limited protection.

– Moving Online:

Like many other companies, LTC insurance carriers have been looking for ways to maximize efficiency via the internet.  Soon customers may have to head online in order to purchase or manage insurance.

– Bundling:

Insurance companies have begun to experiment with providing LTC insurance bundled with other health or life insurance policies.  This could mean that elders can find all of their insurance needs in one place, or it could mean that those who only want LTC insurance will be stuck with more than they want.

– Updated Premium System:

LTC insurance premiums have been stuck in a cycle of staying steady for a few years before jolting upwards to combat lessening investment returns.  Companies have begun to test implementing smaller, more regular, increases that will occur each year.

All of these coming trends can be a lot to digest and it’s easy to get overwhelmed just thinking about having to adapt to so many alterations to LTC insurance.  Luckily, at Morgan Legal Group, we’re here to help take some of the stress out of aging.  Our lawyers can help you every step of the way through Medicaid planning and also take the stress out of aging through a myriad of elder law and estate planning services.  Why try to tackle the complexities of LTC insurance alone when we’re here to help?

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