In estate planning, a trust can be a powerful tool for those who want to protect their assets. In addition, having a trust can allow the grantor to ensure the fulfillment of their wishes after they pass away. But with so much misinformation circulating, it is no...
When it comes to estate planning, you might assume that dividing assets equally among heirs is the fairest approach. However, unequal inheritances make sense in some situations and can be the most equitable solution. Below are scenarios where this strategy can be...
People are uncomfortable discussing estate planning. After all, it revolves around two topics no one likes to think about: death and incapacitation. But there are excellent reasons why it’s a necessary conversation. Clearing up the unknown There is an idea that no one...
If you are a parent of a minor, your will should name someone who will take care of your child if you are unable to. But who should you choose? Who among your loved ones can serve as your child's legal guardian? Below are four factors to consider: 1. Shared values...
As a parent, you have likely spent countless hours planning for your children's well-being. From choosing schools to setting up college funds, you have worked hard to create a stable environment where they can thrive. But have you considered what would happen to your...
Times are tough, and just about everybody is feeling a little bit of a financial pinch these days – and it’s not easy to secure a personal loan if you have damaged credit or little in the way of collateral. This is where that whole life or universal life insurance...
When it comes to estate planning, many immediately think about deciding who gets to inherit the house or the cherished family heirloom. In reality, estate planning encompasses much more than the distribution of your assets after your passing. With the right tools in...
After filling out and signing your health care proxy, you may change your mind about its provisions or your chosen health care agent. Luckily, making changes to this form is easy. However, you need to be informed to avoid costly mistakes. Here is what to know about...
Your estate plan can do more than help you distribute assets; you can plan for incapacitation. While you may not want to be unable to make medical decisions at any point in your life, anything can happen. Accordingly, you need to choose someone who will make medical...
You may be concerned about handing over your estate to a loved one who faces challenges or requires special considerations when managing their finances. It could be because they are underage, have a disability or are financially irresponsible. In such instances, you...