Your family business likely culminated from years of hard work and dedication. As such, it's only fitting to prioritize its protection and smooth transition to your heirs when making your estate plans. Without proper planning, family businesses can be vulnerable to...
Estate Planning
5 Kinds of Trusts
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,...
Challenges Your Kids May Face After Receiving a Large Inheritance
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...
Should a Child’s Guardian and Trustee Be the Same Person?
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...
5 Times You Need to Update Your Estate Plans
Estate planning is a lifelong process, but many people don’t realize that. Many testators don’t regularly update their estate plans, which causes issues for heirs who can't interpret the testator's intent particular when, for example, the people appointed for certain...
