Even though probate sounds expensive and complex, it is a legal procedure that formalizes how assets pass from descendants to chosen heirs or beneficiaries. According to your state laws, probate may be necessary depending on the type of property you…
More and more seniors are experiencing widowhood and divorce, which prompts new partnerships. According to the US Census Bureau, more than half of all older adults have only married once, choosing to remain single in their future relationships. The act…
A limited liability company (LLC) sits between a partnership and a corporation. In addition to accounting benefits, an LLC is also a powerful estate planning tool for the same reasons. As part of estate planning, a Family LLC makes it…
Human history has never seen a financial time like this. The Boomer generation is preparing to transfer their wealth through estate planning, placing America on the cusp of the largest wealth transfer in history. 68.4 trillion dollars are expected to…
It shouldn't be necessary for grieving loved ones to inherit assets, only to discover they cannot access them for cash expenditures they will be responsible for after you pass. The majority of retirees' assets are in home ownership and retirement…
The drama, the cost, the lost time, the broken relationships – there are so many ways that family problems about end-of-life care for a parent and inheritance can have serious repercussions when these problems reach the status of a legal…