If you’re considering starting a charitable trust, you’ll need to weigh the benefits with the management costs. You’ll want to evaluate your finances to make sure the money you put into the trust will be surplus and not necessary to sustain your lifestyle.
Estate planning, for a long time, focused mainly on the distribution of your assets following your death. It’s actually more complicated now than ever, as it can include dealing with making burial or cremation arrangements, deciding health care directives, and even assigning particular individuals to make decisions on your behalf while you’re still alive but incapacitated.
Estate planning can feel like a complicated and confusing process, so many seniors put it off for as long as possible. An estate planner can often make the process easier, but you may still have questions about what all is involved.
College planning for your special needs child has both academic and financial concerns. As they get older and their independence looms, worries about how your child will support themselves are a source of anxiety for all parents—but undoubtedly more so for parents of children with special needs.
One of the reasons why most people put off estate planning is because nobody wants to talk about their mortality. However, preparing a will plays a very important role in ensuring proper financial planning. A will also helps your family not have to fight and argue over the details of your estate.
Probate is one of the areas of the law that is complex enough to require its own legal specialty. There are so many things to keep track of and so many ways an untrained person can make enormous mistakes it becomes not only vital but mandatory that the person or persons tasked with the disposition of the estate get professional advice.
To ensure that your estate planning goes smoothly, you must understand the basic laws. This post will also correct some common misconceptions perpetuated by the media to consumers.