ESTATE PLANNING
It is estimated that only 20% of American have a Revocable living trust, it is important that you have taken the appropriate measures to create the appropriate legal documents…
BUSINESS CREATION
Starting a business is an overwhelming feat, and it starts with ensuring that you have properly created and submitted your business to the correct agencies.
PROBATE
After experiencing the loss of a loved one the last thing that one wants to do is spend hours in court trying to navigate the complicated probate system…
Three Keys for a Complete Estate Plan
There are three keys that everyone needs for a complete estate plan. These three things are not just for the wealthy, they are for everyone. If you want to have a complete estate plan, make sure that you have at least the following three things in place. 1. Up-to-Date Trust It is a common misconception that a Will is all that you need for a complete estate plan. They may be cheaper and [...]
Estate Planning for Children from Previous Marriages
Estate Planning for Children from Previous Marriages can be tricky! Estate Planning for Children from Previous Marriages can be complicated. When you add children from previous marriages, planning can become tricky. Typically, when you pass away all of your money will go to your spouse, and then when your spouse passes the remaining money will pass to your children. If you have children from another marriage you may want to provide an [...]
Estate Planning for Single People
Estate Planning for Single People Estate Planning for single people is often overlooked, it is a common misconception that the only people who need estate planning are those who need to care for their spouse or children after they pass away. Single people have a unique set of circumstances that actually make it more important for them to have an estate plan in place. What are they? Heirs Those who are married use [...]
How to Avoid Common Estate Planning Mistakes
Avoid Estate Planning Mistakes: Avoid Disaster! If you have already set up a revocable living trust with an attorney or certified legal document preparer, you may think you are all set. Be careful, you may not be! There are two common Estate Planning Mistakes that can wreak havoc on your estate plan. Leaving Your Trust Unfunded It is a common misconception that once you set up a trust it automatically protects everything that you [...]
Choosing a Business Entity
Starting a Business - Choosing a Business Entity: At this point in the business startup process, you should already have a long range plan to make sure that your business will be a success and flourish after you have put in all the effort into the relevant steps. Without a business plan, you will not be able to keep track of your projections and accounts, and therefore leading you to possible failure. One of [...]
Compare Revocable vs Irrevocable Living Trusts
Compare Revocable vs Irrevocable Trust Options Living trusts are legal documents that you create while you are alive. You use these documents to place your assets into the trust. You do this so that after you pass away your assets are transferred to your designated beneficiaries. The two main types of trusts are revocable and irrevocable. We will break down each of these so that you can make an informed decision in regards to [...]