Creating your Will online might seem like a perfectly normal thing to do since many things can be done on the internet. Among the many things that we are able to successfully accomplish online, a Will just isn't one of them. You can create a Will through one of the many website that allow it but the problem is whether the will is good enough. Having a Will that won’t work can put you and your family in a very difficult situation. Here is why an online DIY Will isn’t going to work.
There are many things you are thinking about when starting your new business and it can all easily get overwhelming. One of the biggest questions you ask yourself might be whether to form a limited liability company taxed as a partnership (LLC) or a corporation making an S election (S corp). We have summarized the similarities and differences between both here for you so you can have a better understanding before making this important decision.
Closing down your business for any reason requires steps that must be taken before you move on. It is important that you do this process the right way so that you are not facing any difficulties in the future and are not personally liable for anything. Here are some of the most important steps you must take during the process of closing down your business.
Planning for retirement is the best ways to make sure that you are financially stable in the future when you won’t be earning an income. This planning includes more than putting aside a certain amount every month, it is more about figuring out how much to save depending on many different factors in your life such as the economy or medical emergencies. Here are some of the most important factors to consider when planning for retirement.
Creating your Will online might seem like a perfectly normal thing to do since many things can be done on the internet. Among the many things that we are able to successfully accomplish online, a Will just isn't one of them. You can create a Will through one of the many websites that allow it but the problem is whether the will is good enough. Having a Will that won’t work can put you and your family in a very difficult situation. Here is why an online DIY Will isn’t going to work.
The last thing you want is your family fighting after your death because you didn't create a proper estate plan. This is very common, especially when there is no Will or Trust to clarify who was given what. The good thing is that it can be easily avoided through estate planning. It is one of the most important things you should do so that your family is not having a difficult time, especially if you have a blended family. Here is a perfect example of what you want to avoid.
There is a lot more to estate planning than passing down material wealth to your loved ones. It can also be used for to ensure your wishes are properly carried out exactly the way you plan. Through this valuable process you may pass down values that might not be possible in any other way or through any other person. Here is the inspiring story of author Amy Krouse Rosenthal that shows the importance of passing over more than material wealth to your family.
Accepting the fact that you will die one day will greatly increase your appreciation for life. You start to make life-changing decisions once you realize your life might be over any second. Preparing for your death will help you live your life with more peace and fulfillment. Read here on how accepting death can greatly impact your life.
Having a trust isn’t enough, you need to make sure it is the right trust that will work for your loved ones. This trust is going to be a major player in their lives after your death and if you don’t create it in a way that will help them, it will create more stress for them. To make it easier and more efficient for your loved ones, you will need to make sure you have your trust set up the right way.
For the safety of your children, the best thing you can do as a parent is to prepare for the worse. Although many parents think about naming guardians for their minor children, very few actually get it done. You are risking leaving your children in the hands of strangers as you put off naming their guardians. Khloé Kardashian is a perfect example of what parents should be doing if they have minor children. Here is how Khloé is making the best decisions for her child’s future.