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Answers to the most commonly asked questions about The Elrod Firm
Asset Protection
Why Not Add My Daughter To My Account?
Justin, I want to add my daughter to my bank account so that she can write checks for me. When I visited a branch to ...
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Tax Considerations
Why Not Deed The House To The Kids?
Justin, my wife and I want to make sure our home goes to our children when we die. I want to deed it to them ...
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Long-Term Care Planning
Can I Be Forced to Pay my Dad’s Nursing Home Bill?
Justin, My father has lived in a nursing home for about a year and his funds are running low. The facility has talked to me ...
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Estate Planning
How Do We Get a Foot in the Door?
Justin, My father needs to get his affairs in order, but he really doesn’t like attorneys. Do you have any advice on how to get ...
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Probate
What Are Letters of Administration?
Justin, My mother created a trust the year before she died. While working to wrap up her affairs, I ran across some stock. When I ...
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Probate
What is Probate?
Justin, What is probate and why does everybody say I should be so concerned about it?
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Asset Protection
How Do Death Beneficiary Forms Work?
Justin, My financial advisor has talked to me about the importance of keeping my accounts out of probate court. He said I can accomplish that ...
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Estate Planning
Why Is This So Frustrating?
Justin, I’m trying to close out my father’s bank account, but the bank won’t let me. I’m getting really frustrated—can you help?
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Tax Considerations
Did I Mess Up Our Tax Returns?
Justin, I just filed my father’s taxes and my own. After I sent in both returns, I stressed out that I might have left out ...
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Long-Term Care Planning
Are The Stories True?
Justin, My mother is in a nursing home for rehab right now, but the staff is confident that she’ll stay for long-term care when rehab ...
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