A transfer of LLC membership interests can mean selling, donating, assigning, or gifting—basically one LLC member turning over his or her membership interests to another individual or entity. The transfer can be voluntary or involuntary. Read here how transferable membership interests can be.
Many people eventually face a period in life when they can no longer do for themselves. Daily living tasks such as walking, bathing, cooking, and managing household affairs are beyond their physical and perhaps even mental capabilities. Frequently, that period has not been planned for by the person or family members. Read here how you can prepare in advance.
When it comes to money, the first exposure we have to its management is in our families. That makes good money management practices a real gift that parents can pass on to their children. Here are some family traditions you may consider following and some that you may need to leave behind.
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.
Starting your business can be a complex process – especially when it comes to finances. Turning your idea into a reality takes proper financing and management. Here are key things you need to focus on when financing your business.
While just about anyone can fall for such scams, the elderly are the ones targeted most often. This is due to the fact that seniors are frequently lonely and eager to hear from family. By becoming aware of how these deceptions work, they’ll be much less likely to fall for them. Here is how they work and what you can do.
No matter how young your family is, estate planning is important and especially helpful in stressful times for your family. An estate plan will help make sure your loved ones are not stuck in court and/or conflict if anything happens to you. Here are a few things to consider as soon as you start a family.
Sending your children off to college can be expensive, and financial aid plays a big role. If planned strategically, you can help save funds for college without increasing your expected family contribution or reducing your child’s financial aid eligibility. Here are some common assets that can affect your child’s financial aid eligibility, that you might not have considered.
Prenuptial agreements have their benefits and drawbacks depending on how you view it. With the average age of marriage increasing, so is the number of prenups. Many more couples are considering to make prenuptial agreements part of their wedding ceremony. Read the pros and cons here as well as how to best handle the situation.
Estate planning is not only important if you have children, but there are also many other reasons why you need to create an estate plan. You may think nothing matters after your death but if not properly handled, your family may end up in an extremely stressful situation. Read here why an estate plan is important even if you don’t have kids.