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Thinking about dying before your children grow up is not necessarily pleasant. However, as a new parent, you need to create an estate plan to protect your children in the event you and your spouse die unexpectedly. When planning for a future you are not a part of, it...
When working on an estate plan, you must address complicated family issues to limit family tension as much as possible. According to Forbes, sibling arguments, hostile relatives and spendthrift heirs can create a challenge for high-net-worth households. Every family...
Like other parents with young children, you may worry what will happen if you and your spouse die unexpectedly. At the moment, your children may be too young to handle coming into wealth and property. This problem is why some young families set up a testamentary trust...
Keeping your business and personal finances separate is a golden rule of running your own business. It allows you to protect yourself and your business. Plus, it will pay off big time when you go to do your business taxes. Square explains that it is much easier to do...
If you and your spouse recently tied the knot, you might wonder what you can do to protect your assets as you begin to embark on this journey together. A common way newly married couples do this is through postnuptial agreements. Understanding the basics of this...
When someone dies, a big step is to figure out what happens to the estate. If the person who passed has a will, the process is typically easier and less messy, although this is not always the case. If the person did not have a will, there is more involvement of the...
If you and your spouse have made the decision to separate, you may also be evaluating some longer-term decisions. Depending on your situation, the separation may provide time for the two of you to heal issues in your marriage or it may be the first step to getting...
There are many taxes associated with estate distributions, depending on the specific situation. Proper estate planning crucial when it comes to easing the tax burden for your beneficiaries. There is nothing worse than leaving your heirs a huge tax bill that all but...
When two people get married, each brings his or her property to the relationship. This may take the form of income or earnings, personal property and sometimes real estate. During the marriage, the couple will almost certainly acquire property as well. A premarital...
When your disabled child was young, you took steps to meet his or her needs. Now that your son or daughter has grown into an adult, you are probably looking for ways to continue to provide basic support. Establishing a special needs trust as part of your overall...
