Before your deployment, it’s a good idea to review your financial affairs and put things in order. You will make life a little easier for your loved ones and yourself when you return. 1. Create a Family Care Plan Family Care Plans are usually required for single parents, dual service member couples with dependents, those […]
Read More
Family relationships have changed and evolved over the last few decades, and the old assumption that married couples will share finances, tax obligations, and a last name no longer apply in the 21st century. When it comes to keeping your finances, identity, and future plans separate, more options are available now than there ever have […]
Read More
As you create your estate plan, you’ll need to address a host of questions, for example: If something happens to you, who should assume ownership of your home? Who should run your family business? Can your estate serve as a college fund for your grandkids? What charities should receive your support? Before you delve into […]
Read More
Asset protection planning is a practice area that’s far from new; even if you’ve never heard the term before, you’ve probably engaged in some form of traditional asset protection planning at some point during your life. In fact, no matter the words you used to describe it, you probably have several forms of asset protection […]
Read More
If you think only wealthy people or those in high-risk professions need to worry about lawsuits, take a closer look. The truth is, anyone can be sued, and no matter how risky your job or how high your net worth, it’s a good idea to have an asset protection plan in place. Car accidents, foreclosures, […]
Read More
Your Revocable Trust: It May Not Protect You from Lawsuits Here’s a common myth about revocable trusts: Many people believe that when they set up and transfer assets to a Revocable Living Trust, lawsuits can’t touch these assets, and anything placed in the trust will be protected from legal action. This is a false assumption […]
Read More
You’d like to leave your assets to your children and other beneficiaries after you’re gone, and you’re inclined to choose the simplest and easiest form of distribution. Unfortunately, without some built-in protections, a simple distribution can make your inheritance vulnerable to creditors, predators, ex-partners, or divorcing spouses, as well as a second estate tax upon […]
Read More
If you’re a member of the often-underappreciated “sandwich generation”, you’re taking responsibility for the care of your parents and your children simultaneously. And part of this responsibility includes asking your parents about their estate plan. They will control the final details of their plan, of course, but it’s essential that they have one, and you […]
Read More
As estate planning experts, we often talk to clients about choosing guardians for family members in the event these family members can’t care for themselves. If your child is left without parents, she’ll need a guardian. If your parents can’t manage their care, they may need a guardian. But what about you? What will happen […]
Read More
The first serious approach to estate planning usually takes place when people decide to start a family. And for the average person, this is also about the time when estate planning stalls or enters an indefinite hold. Once they’ve created a plan, people tend to place it on a shelf as they attend to their […]
Read More
(855) 528-9637