For many people, charitable giving is a normal part of life. But for others, charitable giving is also a part of their death. Many people choose to donate to charity when they pass away by implementing charitable giving into their estate plan to support the cause or causes they care about the most. You can […]
The concept of disinheriting a child is one that commonly conjures up feelings of parental disapproval and broken relationships. However, while these are reasons for disinheritance, they aren’t the only ones. Sometimes there are positive reasons as to why a parent would disinherit his or her child. The Child is Financially Secure Enough When parents […]
It’s safe to say that most of us have been significantly impacted by the coronavirus pandemic, which has caused the death and destruction of millions of businesses across the U.S. Things definitely look very different now than they did just half of a year ago. That’s why it’s so important that as we continue to […]
While the coronavirus pandemic has shattered much of a thriving U.S. economy leaving many businesses to struggle, small business owners especially continue to feel its full impact. Whereas they were once concerned with growth year over year, they now find themselves worried about staying afloat day-to-day. Although the future remains quite uncertain, many small business […]
When you create a trust, sometimes you do so with the ability to alter it at any time during your lifetime. Such a trust is known as “revocable.” A revocable trust, often referred to as a “living trust,” is a legal document generally used to transfer assets to one’s heirs in an effort to avoid […]
The United States is made up of individuals from all over the world and is home to many non-U.S. citizens who live, work, and sometimes die in this country. So what happens when a non-U.S. citizen passes away in the U.S.? Usually, there is nothing that stops such an individual’s estate from being distributed. Unfortunately, […]
Marriage is a joining of two lives. From bank accounts to taxes, couples begin to combine their assets and benefits. But while most newlyweds think of many of these issues, few give thought to the creation of an estate plan. Contrary to popular belief, estate plans are not only for the rich or aged. In […]
Whether or not you and your significant other are married, it may be a good idea to create an estate plan for you both – regardless of sexual orientation. Although estate planning may seem unfamiliar and overwhelming, it doesn’t have to be. As the laws in this country continue to evolve, it is often in […]
No matter who you are and what you do for a living; you can always be exposed to lawsuits. But while everyone has the potential to defend against a claim, some professionals are more likely to do so than others. Individuals such as doctors, lawyers, business owners, and financial advisors are more inherently exposed to […]
When most of us think of an estate plan, we think of a personal document used to distribute our many personal assets after we are gone. However, estate plans can also serve other people, such as business owners. Every business owner can benefit from putting together an estate plan in order to protect his or […]
