While owning a small business can provide you with financial stability, you still have to plan for your future and retirement. Many business owners do not start planning until they are ready to retire and unfortunately, they may not have as many options as the person...
A good estate plan will let you care for your loved ones even after your death. You can also use it to ensure that your assets go to all of the right places and get used in the right ways. Having an estate plan is important as a first step, of course. It is also...
When you write an estate plan, that is not the end of dealing with it. An estate plan needs to reflect your current life situation, which means you will have to keep it updated. So when should you review your plan in order to update things? And how often does this...
Federal, state and local governments provide a comprehensive social safety net for individuals who cannot work because of disabilities or other special needs. Still, the benefits these programs dole out each month tend not to cover more than housing, food and basic...
While owning your own business has become a dream come true, it comes with many financial aspects to consider. From taxes to building credit and getting the most out of your time, keeping business and personal finances separate tops the list of to-dos. Three ways to...
Executors hold a large amount of power when it comes to a person's estate plan. Every other figure involved in the plan, such as financial advisors or attorneys, will answer to the executor to some degree. What are the exact duties executors need to fulfill? How...
When you run a business, you can amass a significant number of assets over your lifetime. However, these assets could potentially be a hindrance to your family after your death. They may have to pay federal taxes because of the size of your estate. As you put together...
Having a premarital agreement in place can provide a number of benefits, whether you want to safeguard your assets or the inheritance of your children from a prior relationship. However, it is vital to make sure that your premarital agreement is valid. There are...
Estate plans can evoke a lot of hostile feelings from the beneficiaries involved. Hurt feelings and the sensation of getting slighted are not uncommon couplings with estate planning. This is especially true among siblings who have to deal with the estate plan of a...
If you own a company, you need to include it in your estate plan. These documents solidify what will happen should you expire or become incapacitated. There are various tools available when building an estate plan. The following legal mechanisms limit the amount of...
