Giving to charity is always a noble thing, but you stand to make a big difference if you incorporate giving into your estate planning. Outright Gifts Using your will or a trust, you can name a charity directly. The benefit here is that it's the simplest method, and many charities might prefer to receive assets [...]
Most physicians are aware that they face an increased risk for litigation and exposure to personal claim attachments. That being said, many individuals make mistakes when it comes to transitioning out of their training and residency into the accumulation of wealth phase of their life. Medical malpractice claims are certainly disconcerting for physicians but individuals [...]
When you have put a lot of energy, resources and time into building your small business from the ground up, you might like to imagine that you'll continue running it for the rest of time. Deep down, however, you understand that this is unrealistic. This is why you need to consider business succession planning now. [...]
When you are in your 20s, you probably don't give a whole lot of thought to what happens to your property and possessions after you pass away. This is probably even more accurate if you have graduated recently from college and the majority of your belongings are relatively inexpensive. That being said, you might be [...]
Some research suggests that as many as 57% of Americans do not even have a will and nearly 70% of parents with children under the age of 18 do not have a will. This can be a big mistake, but one you don't realize until it's too late. Even though the vast majority of Americans [...]
As the economy is slowly plugging along and appearing to improve, credit still remains tight. Even despite this, asset protection planning is still a big topic. Read on to learn more about how you can make an asset protection plan work for you as well as your family. Asset protection simply refers to keeping your [...]
More than 41 million Americans have a chronic health condition that minimizes their daily activities in some way and 12 million are unable to live independently. Out of the 1 in 5 elderly individuals who have reached age 85, more than half need long-term care or are impaired in some manner. Most people in this [...]
Although the majority of financial planning applies to everybody, there are some specific considerations that women should keep in mind. Read on to learn more about some of these key tips. Maximize Your Social Security Benefits. The age in which you take social security benefits can have a big impact on the amount you receive [...]
One of the most popular asset protection tools available today is an LLC. LLCs that are managed properly are typically safe from the reaches of creditors of an individual member but there are exceptions to this rule that begins with the number of members, even if an LLC is the right strategy for a particular [...]
Individuals of any age could be subject to financial abuse but more it more often happens to elderly people. In order to avoid this impacting you down the road, there are several different things you can do. Begin by creating an inventory of all of your assets. This includes bank accounts, brokerage accounts, investments and [...]
