The Most Dangerous Estate Planning Myth
You could argue that one of the most common estate planning myths is that you can do it later, that you’ll always have time to get around to it. People do think this way, but most people technically do know — even if they still haven’t done their estate planning — that they can’t predict when they’l
Different Family Businesses Need Difference Succession Plans
The family-owned business is often thought of as an American staple, the thing that forms the backbone of the economy. That said, there are many different businesses that people choose to start. They all operate much differently and those planning to pass their businesses on to their children need t
The Biggest Reason Women Must Know About Estate Planning
It’s important for everyone to know all that they can about estate planning. That means men, women, married couples, single people and anyone else. Far too many people enter old age without an estate plan or pass away without even a will. However, there is a special amount of focus on women when it
Don’t Let Your Estate Plan Became Outdated
Financial experts note that one of the main mistakes people make with their estate planning is simply that they let the plan become outdated. This often means that they do not update it through major life changes, like starting a business or starting retirement. However, you can also let your benefi
Few Family Businesses Make It to the 4th Generation
For most people who start a family business, the dream is to have it stay in the family for generations to come. The founder may think of that as a gift to the family, giving them meaningful employment and an easy income. They may think of it as a stepping-stone, assuming that their children can bui
Understanding the Details of a California Special Needs Trust
It has become common knowledge that disability rates have steadily risen among children, which makes the need to understand the importance of a Special Needs Trust (SNT) even more significant. Defined, a SNT Protects the rights of the disabled individual to maintain their eligibility for public assi
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Estate Planning Can Be an Investment in Your Family
For a lot of people, the end goal of estate planning is relatively simple. They don’t want to do anything extravagant. They’re not looking for some out-of-the-box solutions. They just want to give their children a better life. In one study, for instance, a full 67 percent of people who were at least
Women Have Estate Planning Challenges Men Do Not Face
It is important for both men and women to do their estate planning. However, that does not mean that the process is exactly the same for both genders. Women often face some unique challenges that may not impact men — or, at least, may not impact them as often. For instance, take a look at life expec
Can You Disinherit Your Spouse After Divorce?
Your spouse files for divorce. As the process moves forward, you start adjusting your estate plan. You want to cut your spouse — soon to be your ex — out of it entirely. Can you do that? You can, but it is important to note that there are cases where your ex may have a legal right to some assets tha