There are several different mistakes you can avoid when setting up future plans for your disabled child. An individual with special needs will have concerns that will continue for years after you pass away and planning ahead significantly can ease your own fears about this individual's future. What follows are some of the most common [...]
When you are approximately five years away from retirement, you need to make sure you follow the five steps below in order to protect your interests and ensure that you have planned ahead appropriately for all possible concerns. Make a protection plan. Guard against risks that could burn down your income plan. You need to [...]
One Comment has
Estate Planning
Wills and trusts are both essential estate planning tools. A living trust cannot address everything like naming a guardian for your minor children, so even in the event that you have identified that a living trust will help you, you'll still need a will in addition. It's a good idea to have a will, regardless of [...]
While many people understand the benefits of having a will, they still avoid putting one together. Without a will, all of your heirs may become co-owners of your various assets. this means that they'd have to work together in order to disperse or manage that property. You might think that your estate is too small [...]
If you believe that you have an elderly loved one possibly impacted by Alzheimer’s, it is important to consider this as a unique opportunity for retirement and estate planning. Many individuals in the sandwiched generation may be thinking about putting together the legal documents for their loved ones but also planning ahead for their own [...]
Nevada has recently instituted a new tax referred to as the commerce tax. This tax is calculated on any gross receipts higher than $4 million at a rate classified by your NAIC code from the fiscal period of July 1st to June 30th of every year. 2016 is the first year for this tax return [...]
If you're thinking about passing on parts of your estate to your beneficiaries, this is certainly a worthwhile goal but it's one that should be considered carefully. Leaving gifts outright can lead to problems. For example, some of the most common issues associated with leaving assets to your beneficiaries directly include: The trustee of any [...]
Most people are aware of the benefits of saving for retirement, or even setting up a meeting with an estate planning attorney. But what about unexpected emergencies like critical illness? Costly medical bills, the need to provide financial security for any surviving family members and the costs associated with home care and hospitalization can be [...]
Everyone can benefit from estate planning, but this is especially true for adult children who find themselves sandwiched between caring for their own young children and helping aging parents. According to research from the Associated Press, nearly 10% of adults aged 40 or older are currently supporting at least one of their own children while [...]
Most people will benefit from having the basic estate planning document known as a simple will. It might seem like it's too overwhelming of a process or that you don't need this, but everyone can benefit from putting their thoughts into a will. Setting up a meeting with an estate planning attorney can help you [...]
