When making an estate plan, many people stop with a will. While wills can help instruct how an estate should be distributed and who should benefit, there are some disadvantages to wills. For example, an estate may be subjected to estate taxes if a will is used. And,...
Inheritances can bring about life-changing opportunities and financial security, but they also come with often unexpected challenges. When children receive a substantial inheritance, they might encounter various emotional, psychological, and practical hurdles. Below...
There is a popular saying that it takes a village to raise a child. No parent can truly manage every responsibility on their own, and they often rely on the community around them to close the gaps between what their children need and what they can personally manage....
When you are a parent, a huge part of estate planning tends to focus on the needs of your minor children. Most parents find it very difficult to contemplate the idea that their children might grow up without them, so the decision about who to name as their children’s...
Business owners who are interested in forming a new limited liability company (LLC) or converting their existing business to an LLC are probably familiar with the benefits of this entity type. While the LLC is a great fit for many companies, there are situations in...