February 23, 2021 |
Think Carefully About How You Divide Your Estate with Children
If you have multiple children that you intend to be beneficiaries of or executors in your estate, be careful about trying to apply things equally ...
Learn MoreThink Carefully About How You Divide Your Estate with Children
If you have multiple children that you intend to be beneficiaries of or executors in your estate, be careful about trying to apply things equally rather than fairly. Having multiple children and leaving them each behind a stake in the house can cause more conflicts than you ever intended. 
Imagine, for example, that you have six children and all of them now equally own a portion of a vacation home or original home once you pass away. This means that either all of them will need to come to terms about what happens with the property or the property will need to be sold and divided among six parties in the event that they cannot come to a conclusion.
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Blog
February 19, 2021 |
Are Fees Taken Out of an Estate for an Executor Legal?
If a loved one, such as a sibling or a parent passes away and you are the beneficiary of that estate, it is natural to ...
Learn MoreFebruary 18, 2021 |
The Three Major Elements Your Estate Plan Should Include
Most people are familiar with the basic idea behind a will. A will allows you to accomplish a couple of different things with your estate ...
Learn MoreFebruary 16, 2021 |
What Are Some of the Easiest Ways to Avoid Probate?
Probate has different processes in every state depending on where your loved one lived at the time they passed away. But it generally refers to ...
Learn MoreFebruary 15, 2021 |
Should I convert my Term Life Insurance to Permanent Life Insurance?
The decision as to whether or not to convert from a term policy to a permanent life insurance policy is very fact-specific and dependent upon ...
Learn MoreFebruary 12, 2021 |
FANMAG: Because FAANGs Are So Yesterday
KEY TAKEAWAYS FANMAG returns have been extreme relative to their contemporaries, but not their predecessors—their performance has been in line with the average top performers ...
Learn MoreFebruary 10, 2021 |
Any Adult Child with a Serious Illness Needs a Health Care Power of Attorney
Having a child who is critically ill is the worst nightmare for every parent. This can be even more problematic when your child is legally ...
Learn MoreFebruary 3, 2021 |
What’s the Difference Between Medical Directives and Durable Powers of Attorney?
It is certainly difficult to think about but there is the possibility that at some point in the future you will become incapacitated and ...
Learn MoreFebruary 2, 2021 |
Can I Revoke a Living Trust?
A living trust is also referred to as a revocable trust which, as the name implies, empowers you to make decisions while you are still ...
Learn MoreFebruary 1, 2021 |
Does My Executor Need to Have the Skills of an Accountant or Attorney?
Most people choose a family member or close friend to serve as an executor or a personal representative of their estate. This means that when ...
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