As a new parent, you want to ensure your new baby’s future in every way. For most new parents, a will is the last thing on your mind. Many new parents struggle to figure out what steps they need to take to protect their children’s future should the unthinkable happen. Here are five key things …
Read More5 Things Every New Parent Needs to Know About Wills
So you’ve done the hard work of establishing an estate plan. Now you want to make sure that the strategy you’ve selected will maximize your peace of mind and protect your legacy. Here are 5 “stress test” questions to assess whether you might need to update your estate plan: When was the last time you …
When you’re in your 20’s and 30’s and in good health, it’s easy to feel invincible and believes that nothing will ever happen to you. So it’s easy to justify deferring estate planning. Why worry about a long-term financial strategy and “legacy” if you’re just getting started in your career. Estate planning can wait until …
You’ve worked hard and have begun to acquire wealth. You’ve even have a will to make sure that your assets go to your family. You think you’re all set. Unfortunately, a common misunderstanding is that your will encompasses and controls all of your assets. This is simply not the case. 5 Things a Will Does …
A trust can be an important part of your estate. Trusts allow you to avoid probate, minimize taxes, provide organization, maintain control, and provide for yourself and your heirs. In simple terms, a trust is a book of instructions wherein you tell your people what to do and when. While there are many types …
Considering all the types of trusts available, creating an estate plan can seem daunting. This is one of the main reasons by people tend to avoid taking the steps to their estate plan done. Here’s a look at the basics of ten common trusts to provide a general understanding. There will not be a quiz …
A common question that I am always asked – what’s the difference between a will and trust? Below are the basic differences: What Revocable Living Trusts Can Do – That Wills Can’t Avoid a conservatorship and guardianship. A revocable living trust allows you to authorize your spouse, partner, child, or other trusted person to manage …
One thing every parent know is that their children crave attention. And if you have more than one child, then you know the attention needs to be equal. The game to get your attention can take place with your estate plan. An inheritance can viewed in the eyes of children as a last accounting of their parent’s …
Read MoreCan an Estate Plan Treating Children Differently Still Be Fair?
Philip Seymour Hoffman was a talented actor who was known for his roles Boogie Nights, Almost Famous and Along Came Polly. He even won an Oscar for best actor for his role in Capote. However, like many talented actors, Philip Seymour Hoffman struggled with drug addiction and died from a drug overdose in February 2014. …
So you have a great idea for a small business and now it’s time to get started. One of the first things you need to decide is how are you going to structure your business. This is commonly referred to as a “choice of entity”. Small businesses often choose between operating as a sole proprietorship …
Read MoreWhat Entity Should I Choose for My Small Business – Sole Proprietorship v. LLC
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