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May 16th, 2011

What is a Resulting Trust?

(Estate Planners) - An arrangement where one individual holds property or assets for the benefit of another individual and that is implied by the courts in particular cases where an individual transfers property to another, giving the person legal title to it without the intention of the person having beneficial or equitable interest in the property is said to be a resulting trust.

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November 29th, 2010

Why You Need a Last Will and Testament

(Estate Planners) - No one likes to think about dying, but the truth is that none of us will live forever. If you have been putting off making out a last will and testament, there is no time like now, when you’re young and healthy, to do just that. Wills are not just for the elderly or the super-rich. If you die before making a will, your assets will be distributed according to the law, not according to your wishes.

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October 18th, 2010

What is Asset Protection?

(Estate Planners) - Asset protection is a term that is often referred to by estate and financial planners. The term can be used to explain a number of different concepts, but in most cases it refers to legal techniques that can be used to provide protection for an individual or company's assets. There are laws in place which have been designed to protect assets, such as investments, bank accounts and real

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September 21st, 2010

Estate Probate Law

(Estate Planners) - Estate probate law deals with the property that a person has accumulated at the time of his or her death. The estate is the net worth of a person when he or she dies. If a person has more assets than liabilities, he has an estate. If he has more liabilities than assets, he does not have any estate because his creditors are entitled to his property to pay the debts that he owes. For example, if James has a house worth $100,000 but still owes $30,000 on his mortgage, then his net worth is $70,000. However, if he has a checking account

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