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If you’re like a lot of people, you may have put an estate plan in place when you got married or had your first child. Your spouse is likely an integral part of that plan. If you are divorcing your spouse, it is important to determine what kind of changes you want to...
People are often surprised to find out that most people do not have an estate plan. After all, everyone is eventually going to pass away, so their family needs to know what to do with their assets and things of this nature. But the reality is that many people simply...
When a person is deemed incapacitated, the court may appoint a guardian to manage their personal affairs. This legal process can be essential when, say, an aging parent can no longer make sound decisions independently due to dementia, illness or disability. However,...
One of the primary goals of an estate plan is ensuring that your beneficiaries receive the assets you want them to have. While some people opt to do this through their will, establishing and funding a trust is often another viable option. Some trusts are classified...
Many business owners don’t think much about how a transfer of leadership will occur if they retire or if something happens to them that makes them unable to perform their leadership duties. While it might not be a pleasant thought, getting a succession plan together...
You’ve decided to start a business. It’s always been a dream of yours, and you believe you have a successful business model. You fully expect the company to be lucrative and provide an income for your family for years or even decades to come. At the same time, you’ve...
Estate planning is more than just drafting a will or setting up a trust. Filling your plan in a safe place with other important documents is invaluable, but so is keeping track of them and providing access to executors or family members. Creating a "red file" can be a...
Family-owned businesses are part of the fabric of the U.S. economy. There are numerous benefits to operating a family business, such as having trustworthy people around. However, family businesses aren’t without drawbacks. Family-owned enterprises face a series of...
As your parents age, you may face the difficult decision of selecting a guardian for them. This process can be emotionally challenging. However, it is crucial to ensure your loved ones receive the best possible care. Below are factors to consider when choosing a...
One important part of estate planning people often overlook is detailing their wishes for what happens to their bodies after they die. You can state your wish for organs and more to be donated in your advance directive, but what about your final resting place? Do you...