Five Common Estate Planning Mistakes to Avoid From time to time, it’s good to review why having a complete, up-to-date estate plan is so important. In addition to confirming our own actions, it can provide us with valuable information to pass along to friends and family who, for whatever reasons, have yet to act. So,
No one wants to file bankruptcy. Often circumstances are beyond your control: divorce, death of a spouse, loss of job, serious health issues and resulting mountain of medical debt. Bankruptcy may be a solution you should consider if you are unable to pay your bills. Determining whether to file bankruptcy is a tough, complex decision.
Every parent wants to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles and other relatives often want to leave some of their assets to young children, too. But good intentions and poor planning often have unintended results. For example, many
One area that is often overlooked in the divorce process is the need to update estate planning. Most people would agree that their ex-spouse is the last person they want to inherit their assets when they die—or to have that person make life and death decisions for them. But that is exactly what can happen
Who Needs an Estate Plan? If you’re reading this, you need an estate plan. Why? The short answer is-Everyone, age 18 and older needs an estate plan. It doesn’t matter if you are old or young, if you have built up considerable wealth or if you are just entering adulthood —you need a written plan