Your estate planning is done, but is it? A periodic review is an important ongoing step to your planning.
There are two main kinds of trusts: revocable and irrevocable.
Trusts are often associated with the rich, but the uber-wealthy are not the only people who can benefit from using trusts. There is no minimum asset level or net worth required to set up a trust, and you can put any amount of money into a trust.
No one knows when their time will come, which is why it’s important to have a last will in place. This document ensures that your final wishes are carried out after your death. Without a will, the laws of the state of your residence at the time of death will determine what happens with your estate.
State laws generally make it so that once a married couple is divorced, ex-spouses lose all property rights.
Planning for your future should start after you get a job. Therefore, it is advisable to start saving a certain percentage of your salary every month and buying assets whenever you can. That will guarantee that you will have a comfortable life after retirement.
Seeking a guardianship for a loved one is a decision that shouldn’t be taken lightly. Here’s how the process works.
Of course, just because you have a living trust doesn’t mean you are all set. Here are a few of the most common mistakes people make with their living trusts.
We are approaching the biggest wealth transfer ever, as Baby Boomers prepare to hand off their life savings to their heirs. However, will their heirs actually get the full amount of the wealth intended for them…or will a large amount be lost to unnecessary taxes?
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.