When the unexpected happens, the most important thing to do for our loved ones is to make sure they have all they need. While preparing for the unexpected is a task less desired by many, it is necessary. Read on to learn how planning your estate ensures that your loved ones are prepared if you…Read More
Business leaders create a business succession plan to pass leadership roles down to employees. These plans ensure that businesses continue to run smoothly and without interruption, after leaders retire, pass away, or leave for new opportunities. Succession planning for small businesses is as important for larger entities. Small business planning often means training the next generation…Read More
Estate planning is more complex for individuals with cryptocurrency. Unlike traditional assets, cryptocurrency is not regulated by federal authorities, which may make it difficult for heirs to access them after the owner’s death. Proper planning ensures digital assets are successfully transferred to loved ones and beneficiaries. There are two main ways to own crypto: on…Read More
A pour-over will is a legal document that ensures an individual’s remaining assets will automatically transfer to a previously established trust upon their death. These wills are normally created alongside a trust….Read More
The decision to buy long-term care insurance vs. self-insuring is a common conundrum. If you can afford to self-insure based on your estate planning, then the choice boils down to whether you would like to retain the risk or share the risk with an insurance company. What is long-term care insurance? Long-term care insurance covers…Read More
Members of the military have a more dangerous occupation than the average American. Because of this, service members should make estate planning a priority. Make a plan and prioritize estate planning now so in the event that something happens to you, your loved ones will have clear instructions for your assets. Letter of instruction A…Read More
Twenty years ago most people would only have a handful of online passwords to remember. Today, our digital life is much different. We bank online, some have cryptocurrencies, pictures are stored in the cloud and our daily lives are interwoven with digital information. Not everyone makes plans for their digital assets after they pass away,…Read More
An updated will and testament is more important right now than ever before. The last thing anyone wants is a will that is created poorly or is not updated regularly. These wills are vulnerable to being contested or being formally objected to. A will contest can wreak havoc on both your finances and your family…Read More
Typically, when a person dies with a will, they have an executor who was named in the will. This person is responsible for being sure that the deceased’s money and property is given to the right people and the debts are paid. Once a person passes away, the executor should file the will in court…Read More
The death of a parent can be a difficult time. These times are made easier if your loved one had a will, power of attorney, and full state plan. Even though you and your siblings are grieving together, past differences can crop up and money is usually the culprit. If you discover that you have…Read More
