Default of a Parent on Support Obligations When one parent defaults on financial or custody arrangements, parenting children after divorce can be challenging. Divorce doesn’t solve these problems but changes them. You should let your head rule your decision-making and…
U.S. Wealth Transfer: Greatest in History In human history, there has never been a financial time like this. Getting ready to transfer their legacies through estate plans puts America on the cusp of the largest wealth transfer in history. According…
Basic Trust Types For an Estate Plan For estate planning purposes, wills and trusts have unique and quite different benefits. States have different laws and regulations regarding these legal documents. Both a will and a trust can be used; however,…
Real estate and estate planning Property ownership, transactions, and estate planning can overlap in many ways, such as asset protection and tax consequences. The creation of an estate plan that works seamlessly with your real estate interests can save your…
Much More to a Will Than Transferring Assets According to Care.com’s annual estate-planning survey for 2019, 57% of American adults do not have a Last Will & Testament (a “Will”). Based on the results of the survey, participants were more…
The conflict between deeds and wills or trusts You might think that leaving your property to your heirs would be easy. Making a will or a trust, attaching a transfer-on-death deed to your real estate, naming your children as beneficiaries…
The danger of adding kids to bank accounts My plan is to leave my bank accounts to my children after I pass away. Can’t I simply make them joint owners? Despite the fact that it sounds good, that idea is…
This is a subtitle for your new post For estate planning purposes, there are various types of trusts; the most common are revocable and irrevocable. In spite of some similarities, these two major categories of trust serve different purposes in…
Your First Investment Property In the opinion of many individuals, purchasing income-generating investment properties will increase their net worth by adding an additional income stream. Often this is true. The risks inherent in any business venture, however, must be assessed…
Situational questions may arise regarding the effect of a personal injury settlement on your Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits or whether you should apply for SSDI benefits while pursuing a personal injury claim simultaneously.…