Posts tagged with "Estate Planning"



Estate Planning · March 26, 2021
Managing Your Digital Afterlife: A Guide To Facebook's Legacy Contact
Today's social media and other digital assets play such a big role in our lives. Facebook is one of the social media platforms that have a number of users and if you're one of them who share, track, and report on important life events, it can provide an intimate snapshot of your life and can also serve as a key part of your legacy. If you're interested in preserving your digital legacy using Facebook's legacy contact, here we'll break down the basics of how this function works.
Estate Planning · March 19, 2021
Larry King's Death Highlights the Importance of Updating Your Estate Plan for Divorce and Death - Part 2
A Lifetime Asset Protection Trust is a unique estate planning vehicle specifically designed to protect your children's inheritance from unfortunate life events. The sudden death of a Legendary host, Larry King, became controversial because of not using Lifetime Asset Protection Trust to distribute his assets to his children upon his death. His story demonstrates that do-it-yourself planning can have terrible consequences for your loved ones - even worse than if you had no estate plan at all.
Estate Planning · March 12, 2021
Larry King's Death Highlights the Importance of Updating Your Estate Plan for Divorce and Death - Part 1
Setting up an estate plan is the best way to preserve wealth, but without a proper update of your estate can lead to misunderstanding and conflict that will make your assets tied up in the court instead of passing it to your family. This is what happened to the legendary tv and radio host, Larry King, who passed away this year, leaving his current family and children from his previous marriage in a legal battle over his estate because of not updating his estate plan.
Estate Planning · March 05, 2021
Is It Time to Go Solo(preneur)?
There's nothing like a major change in the economic climate to make you rethink your job. A steady job is not necessarily a sure thing - if you're in a place of transition with your life and career, it could be the right time to take the leap and start working for yourself, building your own business, and becoming the boss you always wish you had. But it's always the best way to consult a trusted legal professional before making your final decision in starting your business as a solo(preneur).
Estate Planning · February 26, 2021
Your "Blended" Family Is Likely Headed to Court Unless You Do This
Every state has different terms for what happens when you become incapacitated or die, especially when you have a blended family. One of the most common problems that arises of having a blended family is that the deceased’s children from a prior marriage and the surviving spouse end up in conflict. Unless a comprehensive plan has been created. That way, not only do the people you love get the assets that you want them to receive, but you may also be saving them for years of legal conflict.
Estate Planning · February 19, 2021
Should You (or Your Parents) Be in the Stock Market Now?
With everything that is happening in the world—and with the volatility of the stock market and our current reality —knowing your options is vital to preserving the life and legacy of your parents. If you or your parents have a retirement account, and you're not intimately connected to how your assets are being invested, it's time to get more involved. It's the best thing to do to preserve your family's legacy.
Estate Planning · February 12, 2021
Will Your Estate Plan Actually Work When Your Family Needs It?
Having an estate plan is one of the best things you can do for your family to ensure your wishes are carried out in the future. However, estate planning is not a one-and-done type of deal. Because if it’s not updated regularly when your wealth, family status, or laws change. Then your plan will be meaningless - it can create its own set of problems that can leave your family worse off than if you’d never created a plan at all.
Business · February 02, 2021
4 Estate Planning Documents No Entrepreneur  Should Be Without
Every entrepreneur understands the value of effective business planning but seldom are those who are aware of the critical role estate planning plays in their company's success. Without a proper estate plan, the business you worked so hard to build could be at serious risk if something happens to you or in the event of incapacitation. Don't put your most valuable asset at risk. If you haven't created a proper estate plan, your business is missing one of its most essential components.
Estate Planning · January 26, 2021
How Do Trusts Help You Save on Taxes?
Setting up a trust is a great way of securing your assets, reduce tax obligations, and define the management of your estate according to your wishes, even if you're wealthy or not. It's the best decision to set up a trust while you still can since it has different types, and each has various tax consequences. Choose what's best for your family so that when the time comes that you're incapacitated, their future will be safe. Learn more to help you weigh decisions and make the right choice.
Estate Planning · January 19, 2021
How To Plan a "Pet Trust" to Protect Your Pet After Your Death
Your pets are definitely the image of unmatched loyalty and loving companionship. Thus, you care for them the best way you can in your lifetime. However, some pets outlive their owners and end up alone, abandoned, or euthanized. Creating a pet trust is the answer to this best way to avoid this sad fate. This fund will provide your pets’ daily needs such as food, grooming, vet bills, and even burial. Here are some ideas to help you in building a trusts for your pet.

Show more