You know that the inheritance you're going to leave to your child is enough that they wouldn't technically have to work again if they didn't want to. They could have a standard of living that is probably higher than what's enjoyed by most people in the United States,...
Your revocable trust must be revisited over time to address changes in your life and asset portfolio.
Estate planning at an early age is a critical part of your comprehensive financial plan. It also provides your family with peace of mind that they have a roadmap to reference in the event of your death or incapacity.
If you're worried that your parents haven't done their estate planning yet, it may be wise to bring it up. This can be an awkward conversation, but it's also a very important one to have. After all, if they pass away without an estate plan, that can cause a lot of...
If you and your spouse are getting divorced, you've likely talked to your child about it. You may have talked to other family members or close friends. It's good to have a support system. But how far does that net have to reach? For instance, should you tell your...
In the divorce, you got primary custody of the children, but your ex got visitation rights. This means that the children go over to spend time with them, and they sometimes even come to your house to see the kids. On the other side, your ex was also ordered to pay...
A common misconception about trust is that it is a preserve for the rich with massive estates. However, it is not necessarily the case. You could also benefit from having your assets held in a trust. Here is what you need to know. Having a trust essentially means...
Many people question when it’s appropriate to review their estate plans. Since people’s lives change often and sometimes in significant ways, it’s not a bad idea to review your estate plan on a regular schedule. While there is no specific schedule to follow, many...
You know that you want to pick a guardian for your child, and you're interested in making it part of your estate plan. You're a relatively young parent, so you don't assume that this will ever be needed, but you know how important it is to have one in place. If...
It’s been estimated that nearly one in three married women earn more than their husbands. With women outnumbering men in college and getting into formerly “male” professions, this number is only expected to grow. One study found that these women are 50% more likely to...