Planning for retirement is an important step towards financial security. Finding the right plan for your family can be an intimidating feat, especially for families with a special needs child. In addition to planning for the future financial needs of two adults who...
The vast majority of U.S. businesses are closely held. While there are many legal and financial advantages to various types of closely held business entities, interest in a closely held business can increase the complexity of estate planning. If you are in the process...
Succession planning should be a top priority for any entrepreneur who wishes to transfer a business to a family member at some point in the future. One way to do this is to ensure that the company has been sufficiently developed so that it can be operated by another...
Many people choose to leave property to their loved ones or favorite charitable causes. But what starts as a kindly act can go terribly wrong if the land turns out to be contaminated. Unfortunately, estate plans involving environmentally contaminated property happen...
Prenatal classes, baby showers and birthing classes - oh my! Preparing for a baby is enough to leave your head spinning. Just when you think you have everything figured out and that hospital bag packed, you read the latest data on the cost of raising a child.The cost...
For many families, summertime means vacation time. Trips to Europe or other exotic locations may be part of your summertime relaxation plan. If so, it may be wise to consider putting together a vacation will.Why do I need a will before I go on vacation?Putting...
Protecting your future finances with a comprehensive estate planDespite common misperceptions, estate planning is relevant to everyone. While Prince certainly suffered for the lack of any estate planning documents, it is not just the wealthy and famous who must leave...
Most people presume that a comprehensive estate plan is unnecessary until you are retired and wealthy. It is true that trusts are essential tools to minimize estate taxes, provide for charities, and ensure loved ones are able to benefit from your hard work.But trusts...
Dealing with a parent's diminishing physical and/or cognitive health can be both emotionally and financially draining. The same is true when a parent passes away, as many adult children are left to sort out not only their own complex feelings, but also complex estate...
Now that spring has officially arrived, you may be thinking about organizing that closet or desk drawer which fell into a bit of disrepair over the winter months.It is time for spring cleaning, and as part of your annual ritual, you may consider tidying up your estate...
