A will is relatively simple and cheap compared to some other estate planning options, and it can cover several things. Despite this, many people do not have one. About 68% of Americans, that’s nearly one out of three people, die without a will (also called dying...
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3 important considerations when you want to sell your business
The decision to list your business for sale may have been a long time coming. It may be your plan for funding retirement because you invested your savings in the company. Selling your business may have been the ultimate goal when you created the company in the first...
Estate planning for parents: 2 things to consider
Every adult should have an estate plan suited to their needs. When you have children, you also need to consider their needs. Here are two areas that parents need to attend to: Guardianship You could die before your child reaches 18. You have a legal responsibility...
2 steps that cause estate problems
A will makes it easier for people to disperse their estate to their family and loved ones after they pass away. People usually write wills during their life at some time or another. This legal document may only be a few pages, but every detail matters – in more ways...
What should a single person consider when estate planning?
Adults who aren’t married and who don’t have any children have some very important decisions to make when it comes to their estate plan. Without having everything in order, their assets will be handed out based on the state’s intestate laws. You also have to think...
How do you choose a legal guardian for your child?
It is difficult to imagine your child growing up under someone else’s care. However, this is inevitable if something were to happen to you and your co-parent. A guardian is a person nominated to make important decisions on behalf of the child should the parents pass...
Do you need to offer your employees contracts?
You're about to launch your small business, and you're hiring your employees for the day of the opening. It's a comprehensive process, and you certainly want to make sure you have the best possible employees on the job so that your new business makes a good...
Yes, you’re entitled to compensation for administering an estate
When a family member or friend asked you to be the executor of their estate, you didn’t agree to it for the money. However, being an executor is a job – sometimes a very time-consuming, challenging one. That’s why the law provides for executor compensation. Executors...
5 signs of financial elder abuse
Financial elder abuse is a serious problem that has to be addressed as soon as you see the red flags. This kind of abuse can drain an elderly person’s bank account and leave them financially destitute if it goes on for long enough. It can also result in their estate...
What is a durable power of attorney?
A durable power of attorney is used to authorize a person of your choice to handle your financial decisions if you are suddenly rendered incapable of making those decisions for yourself. The power of attorney can be enacted immediately, or at a time when you are no...
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