What Are the Duties of a Guardian?
A guardian is appointed by you or a judge to make sure your children are adequately cared for if you pass away or no longer can perform your duties. In essence, it is up to them to provide the child with the same necessities and privileges that they would expect to receive if you were…
Is Inheritance Taxable? Your Guide to Inheritance Tax
The average inheritance that someone leaves behind is just shy of $200,000. But, getting an inheritance is often a bittersweet moment. While it can be a life-changing financial boom for many, it comes with the passing of a loved one. Unfortunately, you do not get to just put this money in the bank and walk away….
Giving to Charity: How to Leave Your Money to Charity
Did you know that 9% of all money given to charity in the U.S. comes from individual gifts? If you are looking to be a part of this statistic one day, you might have some questions about giving to charity through your will. If you plan correctly, you can leave a lasting positive impact on a…
Age Is Just a Number: Why You Should Write a Will When You are Young
Studies show that 78% of millennials (ages 18-36) and 64% of Generation X-ers (ages 37-52) do not have a will. By contrast, 82% of those 72 and older and 58% of baby boomers (ages 53-71) do have an estate plan. While seniors are usually prepared for the worst, younger people tend to put off thinking about such…
How Does Divorce Impact Your Will Beneficiary Designations
Divorce happens. And, if it is happening to you, you will want to know how it affects your will beneficiary designations. Divorce and Will Beneficiary Designation The last thing on your mind might be your death. But, your will and beneficiary designation is a serious part of your divorce. Take the time to do some proper…
3 Things to Consider When Naming Your Children’s Guardian
Choosing your children’s guardian can be an extremely daunting task. Sure, there are those in your life that you trust enough to babysit. But would they take on the responsibility of raising your kids if something happened to you? You will probably have scores of friends and loved ones dropping lines that they would like…
The Advice for Writing a Will That Everyone Should Follow
You do not know what is going to happen tomorrow. Because of that, you should not put off writing your will until your “old age.” This advice is especially true if you have children. If you were to pass away unexpectedly, what would happen to your kids? If you have a Last Will and Testament, you can…
Your Questions About Setting Up a Trust, Answered: Who, Why, When & How?
Do you want the wealth and property you have accumulated to really help make a difference in the lives of people and institutions you care about? Have you thought about what would happen to your assets in the event of your death? Wills can be helpful, but setting up a trust may just be an iron-clad…
What is a Meretricious Relationship?
What is a meretricious relationship? While many couples will split up between their first and second year, others will live together for years or even decades without marriage. If both parties can not agree or do not believe in the traditions of marriage, they might still be regarded under the law as in a meretricious…
Considerations Around Disinheriting a Child
While nearly 70% of millennials expect some kind of inheritance from family members, only about 40% end up getting one. Those whose family have decided on disinheriting a child could be in for a bigger surprise. Here is everything you need to understand about the process and the concept. Why Disinherit a Child? When you have a…