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Month: August 2020

How do families use a testamentary trust?

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...

How do I separate personal and business finances?

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...

Understanding the probate process

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...