Disinheriting an adult child or other person who expects to inherit something from you is a decision to make with care. It’s also something that you may want to discuss directly with the person you are disinheriting. Unless the reason for the disinheritance is...
Every person's estate is different. The assets that belong to an individual become their estate when they die. Those resources may need to pass through probate court. The courts can assist with the application of intestate succession laws if the testator dies without...
You’ve decided this is the year you finally put an estate plan in place. It’s important to avoid a mistake that too many people make: assuming that your kids want everything of value you have and maybe even will fight over it if you’re not clear about who’s getting...
Serving as a personal representative of an estate often means making certain sacrifices. For example, personal representatives may need to take time off of work to attend court hearings. They may notice strain in their close relationships because people are upset...
Sudden changes in leadership can prove devastating for an organization. Business owners and executives may need to develop a succession plan to smooth that kind of transition whenever it occurs. Some people create plans of their own volition because they worry about...
For some adults, retirement is the first time that they truly consider estate planning. For others, preparing for retirement is a reason to review and update their existing estate plans. The needs of those at or near retirement age are different from the needs of...
As older adults begin preparing for retirement, they need to address financial support challenges. While most retired professionals may qualify for Medicare coverage, Medicare may not pay for the support needs of aging adults. Medicare has numerous gaps and coverage...
An estate plan is a written, legally-enforceable set of instructions that tell your loved ones how to handle your assets when you die. It can also address other issues, such as who will handle your affairs if you become incapacitated. If you’re preparing to create...
Starting a new business is a major undertaking for an entrepreneur. One of the most important decisions you’re have to make if you’re embarking on this journey is determining what type of business structure you’re going to use. There are several options to choose...
As your parents age, having a conversation about transitioning them to elder care can be both necessary and emotionally charged. Finally arriving at the decision that your parent should transition to elder care can inspire practical challenges as well. One box that...