Your parents might be avoiding estate planning for several reasons. First, they may not want to think about not being able to handle their affairs in the future. Just the thought of looking at their assets and liabilities could also be intimidating. Finally, your...
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Tips for telling your children about your estate plan
Thinking about what happens in the event you become incapacitated can be a daunting prospect, let alone telling anyone else about it. However, despite the challenging nature of this conversation, it is one that needs to be had. Having a watertight estate plan in...
Appointing an agent to handle funeral arrangements and more
The estate planning process is an excellent opportunity to designate the funeral arrangements you want. For example, if you wish to be cremated or buried and whether you prefer a small family gathering or a large, festive celebration of your life. It’s also a chance...
What is a payable on death (POD) account?
There are many different ways to transfer financial assets to heirs in the event of a person's passing. The most well-known is simply to write a will, which designates which heir is entitled to which assets. Many more complex estate plans will also use trusts to hold...
What you should consider before leaving your IRA to grandkids
As you’re doing your estate planning, you have no idea how much money will be left in your individual retirement account (IRA) when you pass away. However, you’re considering leaving it to your grandchildren. Is that a good idea or are there a lot of potential...
Tackling 3 of the most common estate planning questions
Frequently, people may opt to put off estate planning because they find the process morbid or daunting. However, the reality is that estate planning could bring numerous benefits to both you and your loved ones. Tackling unanswered questions can help to bring peace of...
3 tips for legal compliance within your business
Complying with the law is very important for your business. It could save you a lot, and in some instances, the survival of your business pegs on your compliance with the law. It may seem a no-brainer to meet your legal obligations, but some companies fail to do so...
How do you choose the right person to manage your estate?
It isn't easy to think about what happens after you die. It can be uncomfortable to imagine the grief of your loved ones or unpleasant to think about the assets you have spent your life acquiring going up for sale as part of your estate. However, in-depth...
Why your estate may have to go through probate in Texas
You may have tried to ensure that your property and money go to family members or friends. Before you pass away, you and your loved ones need to know that your estate may still go through probate. In another instance, you may have decided to write your will by...
What are the advantages of a limited liability company?
When setting up a business for the first time, one of your crucial decision will be what form to register under. It is easy to dismiss limited liability companies (LLC) as overkill for your needs. Yet, there is a reason that so many experienced entrepreneurs use LLCs....
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