The CARES Act is a trillion-dollar program that provides direct economic assistance to workers, families, and small businesses. It is free money from the government that will hopefully relieve citizens of some of the financial strains brought about by the COVID-19 crisis. Qualified individuals will be given money thru direct deposit while business owners can apply for loans. Here’s everything you need to know to make the most out of this new law.
The world is still shaking from the colossal impact of COVID-19 especially in the health sector. Now is a high time for you and for the family to make informed decisions regarding your health care needs. From the basics of a medical power of attorney to the intricacies of living will, here's what you need to know about advanced healthcare planning.
Even multimillionaires are not immune to an oversight in designating their heirs. One prominent example is Kobe Bryant whose legal team failed to list his youngest daughter in the family trust. And though they can easily correct this, it's not the same for everyone. Hefty legal costs and lengthy proceedings can have a tremendous financial impact on your family.
One of the most important lessons you can teach your kids is financial literacy - helping them understand not just the value of properly managing their money but also understanding your family's situation and the importance of wealth preservation. It is a gift you can give that lasts a lifetime. In today's generation, money is still not a typical dinner table discussion in many affluent and working-class families, but we think it should be. Read here to learn more.
With all of the media about "digital wills" and "online estate planning nowadays", it is really tempting to think that you can do your estate planning yourself, online, for a single reason - to reduce cost. Your reasons may be good but may not go well with your intentions towards your family as online estate planning can be a big trap and may leave your family and assets at risk - worse off than if you had done nothing at all. Read here to know why and how to do it the right way.
Right now, huge numbers of people, of various age groups, are facing the reality of mortality due to the global pandemic. Thinking about this situation that may affect us anytime, many of us are courageously taking this as an opportunity to learn what we need to do for the people we love and the assets we've worked hard for. Proper estate planning can keep our family out of court and conflict, and this article will show you the right tools to make sure everything is in place to do the right thin
An emergency can happen at any time and at any place, and the scene can be overwhelming, terrifying, and at least, confusing. When facing life-threatening emergencies, there isn’t much time to think. You must be prepared to act and act fast, which is why you should be prepared beforehand. Here is a basic summary of the most-recommended supplies to give you some idea of what items you should have ready to go in case you need to get out of your home within minutes.
Most people believe that having an estate plan simply means drafting a will or a trust. Both wills and trusts are estate planning documents that can be used to pass your wealth and property, however, there is much more to include in your estate plan to make certain your family members access or control your assets should you become unable to do so yourself, and that all of your assets are transferred seamlessly to your heirs upon your death. Here are a few reasons to consider adding a trust to y
Contrary to popular belief, creating a trust isn’t a luxury reserved only for the ultra-rich. Your desire to maintain your privacy, to protect, and have control over your assets if you are no longer able to, no matter how much they are worth does not need you to be wealthy to create your own trust fund because there are no financial minimums required for creating one. Taking this step is an option even for people living paycheck to paycheck. Read here to learn more.
Conflicts frequently erupt in blended families as children, especially from a prior marriage and spouse's interests, often aren't aligned. As Estate Planning mistakes become costly when your family have to sort out disagreements in probate court, it is critical that you clearly state your terms in your estate plan and that you communicate and explain your wishes to your loved ones in person while you're still alive to reduce the chances of conflict and to bring them closer at the same time.