You have worked hard your whole life to build a business. Although your children are wonderfully successful in their own ways, it's apparent that your predecessor lies elsewhere. All of this uncertainty about the fate of your business goes out the window when your...
Month: July 2018
Here are the top benefits of living trusts
There are many options when creating an estate plan and no one-size-fits-all solution. While that may complicate the process, it allows individuals to tailor their estate plans to meet their unique circumstances.Depending on your situation, you may come to realize...
Remember to change and update your will as needed
Creating a will is one of the most important things you can do in life. You don't want to go through life, especially if you reach various milestones, without the legal protection of a will. Furthermore, a will should be updated when you get a job, get married, have...
Estate planning after a second marriage: Things to consider
If you find yourself moving into your second marriage, you'll need to answer a variety of questions regarding your finances and future. Most importantly, you should review your current estate plan with the idea of making changes that suit both your existing and new...
Tips for turning your company over to your children
Ever since you started your family business, you have been hoping to turn it over to your kids. It's your legacy, something you can leave to them that you believe can change their lives.You want this process to go smoothly, so you need to do your succession planning...
What is an incentive trust, and do I need one?
Are you putting off your estate-planning efforts in the hope that one of your beneficiaries will develop some financial restraint or learn how to manage his or her fiscal affairs? There is a possible solution that will allow you to quit delaying your estate planning...
