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...
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...
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...
If your loved one has physical or mental disabilities, working 40 hours every week for the entirety of his or her adulthood may be difficult or even downright impossible. Luckily, many Americans who cannot work qualify for financial assistance, provided they do not...
When choosing your executor for your estate, you want to pick someone who will not let you down. This person should have your trust and should think in a way somewhat similar to you. However, they should also have what it takes to fulfill the duties of an executor....
After creating your estate plan, you likely do not want to see it again for some time. After all, the act of creating an estate plan can take up enormous amounts of time and effort. However, you cannot simply leave your estate plan as-is for the rest of your life. You...
