A trust is an important estate planning tool that can protect your assets and distribute them to your loved ones according to your wishes after you pass away. When a trust is created, the trustmaker appoints someone else (the trustee) to manage the accounts and property placed inside the trust for the benefit of the […]
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Does looking back at 2020 bring on a feeling of panic? What happened? An unforeseen viral pandemic spread globally and brought financial destruction in its wake. Economists estimate that the pandemic’s total cost was more than $16 trillion in the U.S. alone. Each family of four had an estimated financial loss of $200,000.1 That, or […]
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When snowbirds start feeling cooler weather, they hit the road and head south. If you’re traveling with the flock, keep these “estate planning for snowbirds” considerations in mind as you pack your things. What is happening in your destination state? We are still in the midst of a pandemic, so check-in and do some research […]
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According to the National Center for Education Statistics, in the 2018–2019 academic year, the average tuition and fees for a public four-year institution were $9,200; $35,800 for a private nonprofit four-year institution; $3,700 for a public two-year institution; and $18,400 for a private nonprofit two-year institution. If you’re saving for school to pay tuition for […]
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Funding a College Education: Don’t Be Overwhelmed by the Options New parents focus on milestones such as first steps and first words, not funding a college education. Investing in your child’s college education early in life can pay off in the long run. Each plan has a different menu of benefits and restrictions. It is […]
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After months of confinement, many of us are stir-crazy and eager to travel. Although more states are opening up, there are several factors to consider as you plan your travels. Consider these pre-vacation estate plan updates and preparations you can take care of before you travel for added peace-of-mind. Heed the Centers for Disease Control […]
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Transferring your interest in a Franchise or Multilevel Marketing Business Have you ever thought, wouldn’t it be great to own your own McDonald’s® or other franchise? McDonald’s® is a recognizable brand with a well-established business model. You could own your own small business without building it from the ground up. To become a franchise owner, […]
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A guardian is someone who cares for a person who needs special protection, often a minor child. Parents can nominate or name a guardian in their will, but a court usually confirms and appoints the guardian after both parents have passed away. If the parents are still alive but are very ill or unable to […]
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July is National Sandwich Generation Month, a time to honor those who are caring for both their children and their aging parents. At the moment, many parents are not only parenting their children but also homeschooling them, and older children who have lost their jobs or could not return to college after spring break may […]
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The person you choose to be the executor of your estate (also called a personal representative) will be responsible for gathering, managing, and ultimately distributing everything you own after you pass away. You’ll need to make your selection very carefully; Don’t just choose your oldest child by default. If a friend or advisor is better […]
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