When you run a small or family business, planning for the future is essential. Ensuring the seamless continuation of your business can protect your hard work and support your family's financial future. Why succession planning matters Succession planning helps prepare...
Making an estate plan is a positive step that many people fail to take early enough. That can leave them and their loved ones vulnerable if something untoward should happen to them. One mistake those who have made their plan often make is to fail to tell people they...
You have two children who are going to be the main beneficiaries of your estate plan. You’re leaving them the bulk of your wealth, seeing this as one more way that you can care for them even after you pass away. You’ve worked your whole life to save up this money for...
It’s the small things that count, and that’s never more true when it comes time to divide up someone’s precious mementos and family heirlooms. Regardless of their intrinsic worth, small things can take on gargantuan importance and create massive family rifts after...
Surprises come in many forms – sometimes in the form of having another child years after your other children were born. While a new baby may be a pleasant surprise, it might require you to make significant changes to accommodate the latest member of your family. Your...
Estate planning is important for everyone. However, it becomes especially important for families with children. An estate plan is more than just deciding who will inherit belongings. It also involves making decisions that will protect the youngest members of a family...
The whole point of establishing an estate plan is to help ensure your wishes are honored upon your passing. A key part of this plan is choosing an executor, the trusted individual responsible for managing your estate. But life circumstances change, and what seemed...
Have you made any changes to your estate plan since the last time you drafted it? If it has been more than five years, then it may be time for a revision. It is often recommended that an estate plan be revised every three to five years. However, you may not know what...
Your parents might not have ever told you much about their finances and you might feel like it is rude to ask. That’s just how it is in many families, but if they are getting on in life, you might need to break with convention and have a conversation about their...
Life can be unpredictable. You may not relish dwelling on the possibility of illness or incapacity. However, taking steps to prepare for such situations demonstrates foresight and helps protect your loved ones. One crucial element of this preparation is designating...
