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A Safe Way to Give Financial Gifts to Minors

By Submitted to Northeast Ohio Thrive
February 23, 2024
Many parents and grandparents want to pass their wealth to their children while they are still alive. Gifts to children or grandchildren can be a good way to reduce a taxable estate. ...
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Long-Term Care Planning Basics

By Submitted to Northeast Ohio Thrive
February 16, 2024
For individuals with incomes exceeding the Medicaid limit, Ohio allows the creation of a Qualified Income Trust, also known as a Miller Trust. This trust can be used to reduce income, rendering a person eligible for Medicaid. An attorney can assist with establishing a Miller Trust.  ...
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Saving Money as a Caregiver

By Submitted to Northeast Ohio Thrive
February 9, 2024
While the financial cost of caregiving is often substantial, several strategies can help you save money as a caregiver. ...
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Have You Saved Enough for Retirement?

By Brandon Smith
February 6, 2024
In a recent national financial well-being poll, 85% of respondents confirmed that some aspect of their personal finances was causing them stress. For 31% of respondents, that concern was “having enough saved for retirement.” How well-prepared are you? ...
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Retirement and Tax Changes for 2024

By Submitted to Northeast Ohio Thrive
January 18, 2024
Did you know the IRS makes cost-of-living adjustments that affect your contribution limits for retirement plans and tax deductions that should be of special interest to those of us approaching retirement age? ...
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What Does ‘Incapacitated’ Mean in Elder Law & Estate Planning?

By Submitted to Northeast Ohio Thrive
November 27, 2023
What does 'incapacitated' mean and why should you care? An attorney explains the implications and how it factors into your financial and estate plans. ...
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Will You Work After Retirement?

By Bill DeMarco
November 17, 2023
If you expect to continue working during your 60s, 70s, or beyond, consider the advantages and disadvantages carefully. Although working can enhance your retirement years in many ways, you may also face unexpected consequences, particularly when it comes to Social Security. ...
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What You Should Know About Probate

By Submitted to Northeast Ohio Thrive
November 9, 2023
Most estate planning attorneys can help you craft an estate plan that minimizes or avoids probate, a time-consuming and often costly process. It's important to understand how to navigate probate and what to do now to make it easier later for loved ones. ...
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