When making an estate plan, there are many different documents to consider. It goes far beyond just writing a will to pass your assets on to your children. A comprehensive plan is important so that things go smoothly for your family, even before your death should you...
Estate Planning
Should You Convert Your Sole Proprietorship to an LLC?
Successful entrepreneurs need more than luck—or a good idea—to succeed in business; they also need a plan. Part of that plan involves choosing a business structure. When you are first starting a business, operating it as a sole proprietorship may make a lot of sense....
Understanding The Duties And Responsibilities Of A Trustee
Overview What is a trust? How does a living trust work? Who are the people involved with a living trust? What do I need to know now? What responsibilities will I have as a trustee? Do I have to do all of this myself? How will I know if the grantor is incapacitated?...
How to Prepare Your Kids for Their Inheritance
You may have witnessed or heard of children wasting their inheritance on a fast car or making unwise decisions after inheriting the family business. So, how can you protect your kids from such a fate? By actively preparing them for their inheritance. Here is how you...
When should you update your estate plan?
You may not realize it, but estate planning is a lifelong process, and an outdated estate plan can cause issues for your future heirs. Here are some milestone events that can trigger the need to update your estate plan: Marriage Getting married (or remarried) may be...