Pet Trusts Have Many Benefits
Those who have pets understand how much joy and comfort they provide. Since you love them, you give them the best life you can. But what if you were suddenly unable to care for them? Who would care for your…
The Five Most Common Mistakes People Make When Planning Their Estates
Your adult life is divided into two halves: the first half is spent achieving financial security, and the second half is spent trying to maintain it. This adage is why many people spend substantial time and effort maximizing their legacy…
A Guide to Determining Whether Probate is Needed
Probate may sound complex and expensive, but it is a standard legal process that formalizes the transfer of assets from a deceased person to their beneficiaries. Whether or not you require probate depends on the type of property and how…
Is It Necessary to Disinherit Your Special Needs Child for Benefit Protection?
A family with a special needs child faces unique challenges and opportunities. Providing appropriate medical, educational, recreational, and employment opportunities for your special needs child can result in a lifetime of pursuing public and private programs and services. Too often,…
An Overview of the Different Types of Medical Advance Directives
Incapacity due to trauma or disease is something nobody wants to think about. People experience this every day, unfortunately. With this knowledge, many people like to prepare in advance for the kind of treatment they want in the event of…
Self-Discipline and Financial Literacy Are Key to Building Wealth
A steady path can over time make you a self-made millionaire if you are part of the millennial generation or younger. It does not require a unique set of skills, specialized knowledge, or even excessive risks. Americans who achieve millionaire…
The Importance of Writing a Letter of Intent for Your Special Needs Child
After you pass away, a letter of intent (LOI) for your special needs child can provide comfort and continuity for them. As a parent, the most valuable asset your child has is you and your ability to care for them.…
The Different Ways of Holding Title to a Property
The manner in which a home and other types of real property are titled deserves careful consideration. Real estate constitutes the land and any structure, including vegetation, livestock, crops, and other natural resources that sit on the land under the…
In the Event of Incapacitation, Who Should Make Financial Decisions for You?
In the event that you are no longer able to manage your financial affairs, who should you trust to make decisions for your financial well-being? A power of attorney (POA), otherwise known as an agent to your principal, has the…
The Best Way to Talk to Kids About Inheritance
When it comes to wealth, many parents are uncomfortable discussing it with their children. There is a taboo attached to discussing money or property. Asking someone else about what they have is often considered impolite. But failing to talk to…