People often understand the basic idea of using a trust in an estate plan. You put your assets into the trust, you write out instructions on how the trust should operate, and then the assets get used or distributed in accordance with those rules. A trust gives you control over your assets even when you are not around to make…[...]

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What type of end-of-life care do you really want? Now, everyone hopes that they will pass away peacefully, without complications, but that rarely happens. Planning for the medical care that you want at this time should be part of your estate planning as a whole. One thing you can do is to create a health care proxy, authorizing someone —…[...]

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You spend years building up your wealth. Maybe it takes decades. You put money and assets aside to pass on to your children. But how long is that really going to last? After you leave the money to your children, how fast do you think that they’re going to spend it? Though you might like to think of them spreading it…[...]

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Do you own your own company, and are you trying to figure out how to pass it on to the children when you pass away? Business succession planning is very important on many levels — for the company, the employees and your family. Therefore, it’s crucial to do it properly. One thing you need to consider is that your children…[...]

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As social trends continue to change, the typical age of a first-time mother keeps getting older. This can have a big impact on estate planning for those who have children later in life. Over the last two decades, per the Pew Research Center, the number of mothers who are at least 40 years old has tripled. Technically, reports claim this is for…[...]

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It seems like every generation should live a bit longer than the last, right? We invest so much time and money in technology, medicine and related fields. We understand the human body in ways people couldn’t fathom not that long ago. Many medical technologies that seemed like science fiction to our grandparents are now very real. However, the reality is…[...]

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Nobody wants to lose their financial stability after their marriage fails. Reliable financial income is crucial to overall peace of mind and personal well-being. The transition from marriage to divorce is not always easy when large financial shifts are made, especially when you have the most to lose. One of the greatest mistakes people make when it comes to protecting…[...]

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Business succession planning gets complicated when you have multiple children. Who wants to be involved? Who deserves it? What is best for your company? What is best for your family? These are just a few of the questions you have to ask yourself. One other thing you may want to consider is birth order. Many experts believe that it plays a role…[...]

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Estate planning involves, among other things, determining how to leave your money to your children. When you pass away, your wealth goes to them. You simply need to figure out the best way to do it. But what if the children need that money now? Giving it to them in advance could have a massive financial impact on your future,…[...]

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According to recent reports on the financial situation that American college students face, it’s not looking too good for them. They have in excess of $1 trillion in debt. While not all of that debt comes from student loans, they’re the main issue. It’s an astounding number. In a society where we tend to tell all children to go to…[...]

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