Sending a child off to college is an exhilarating experience, and while you bustle around making plans and buying dorm supplies, your heart may be bursting with emotion. Maybe you’re prouder than words can express, but you’re also a little afraid. How can you make sure your child will be safe at their new home […]
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We rely on our friends to help us through life’s challenges, and when you’re setting up an estate plan, it can be very helpful to have a trusted friend or loved one by your side. It’s actually vitally important that you appoint a fiduciary to act on your behalf and carry out your wishes if […]
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The Senate is currently reviewing new legislation that will presumably help seniors prepare for their golden years. Better known as the SECURE Act, Setting Every Community Up for Retirement Enhancement seeks to make Individual Retirement Accounts (IRAs) more appealing for Americans of all backgrounds. Though the legislation has not yet cleared the Senate, the […]
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If you’ve carefully managed your finances through the years, you may have accumulated a significant amount of assets, and a time may come when the decision-making abilities that brought you here are no longer within your reach. To plan for the day when you are unable to manage your financial affairs, it’s important to take […]
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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 for 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, […]
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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 applies 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 […]
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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 […]
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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 use to describe it, you probably have several forms of asset protection […]
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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, […]
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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 […]
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