The Internet of Things (IoT) has become a part of our daily lives, making it more imperative than ever to identify and manage the digital property you own. We've progressed well beyond emailing family or connecting with friends over social…
The practice of estate planning is evolving due to changing family structures. Until thirty years ago, a traditional family consisted of a husband and wife who would marry young, buy a home, have children, and strive toward financial stability and…
Most of us have heard of trusts from the perspective of a beneficiary of one. Some may believe that only wealthy people use them, but they are common and useful tools when creating estate plans of all sizes. Managing and…
There are some criteria to understand, whether you need to appoint someone to act as your estate's representative (executor) or you have been chosen as one and you accept this responsibility. The most important is the complexity and the order…
The charitable trust is a kind of irrevocable trust that benefits both you and the beneficiary while also providing income for your heirs. The establishment of a charitable trust is a great way to provide many financial benefits to all…
People commonly know that probate occurs in probate court after someone passes away, and that it is something that happens after someone dies. Many people are not aware that the process is long and complicated. In some cases, it can…
Estate planning is regarded as essential by most older adults. Despite this, nearly half of Americans age 55 or older do not have a will or designated powers of attorney, while fewer still have living wills or advance directives. Providing…
There is a structural difference between a partnership and a corporation when it comes to limited liability companies (LLCs). An LLC is a powerful estate planning tool because of the same reasons it is beneficial for financial management for most…
Beneficiaries are common designations in retirement accounts, wills, and trusts so it is likely that you have one. If an owner of a financial product or vehicle passes away, the proceeds of the product or vehicle go to the beneficiary…
The US has a large number of adult children who live far from their parents. No matter where you live, managing your aging parent's or in-law's medical events can be a challenge without proper preparation and an understanding of what…