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Powerful Provisions in Your Financial Power of Attorney
In a financial power of attorney, you designate a trusted decision maker (agent or attorney-in-fact) to act on your behalf if you become disabled or unable to manage your financial affairs. Depending on the provisions you choose to include, your agent may have the...
Important Questions to Ask When Investing in a Vacation Property
According to the National Association of Home Builders, in 2018 there were approximately 7.5 million second homes, making up 5.5 percent of the total number of homes. These homes are not only real estate that must be planned for, managed, and maintained, they are also...
If I Give My Home to My Child in My Will, Can They Take My Home While I Am Still Alive?
The short answer to this question is no. Naming your child as the recipient of your home in your will does not give them any right to your home while you are still living. However, understanding why that is the correct answer requires a little more explanation. Title...
How to Keep Your Child’s Inheritance Out of Your In-Law’s Hands
About 40 to 50 percent of all marriages in the United States end in divorce. Regardless of how you feel about your child’s spouse, you must face the possibility that they could become your child’s ex-spouse. Should that day come, the money you leave to your child could be subject to a division of marital assets. But with careful estate planning, your child’s inheritance can be kept safely out of the hands of their spouse or former spouse.
Estate Planning for Franchise and Multilevel Marketing Business Owners
Estate Planning for Franchise and Multilevel Marketing Business Owners Franchise and multilevel marketing (MLM) businesses are often attractive because they offer people the chance to start a small business with a well-known brand and an established business model....
THE CARES ACT
CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT - "THE CARES ACT" Last evening the U.S. Senate passed a $2.2 trillion spending bill to support the economy. Included in this bill are forgivable small business loans, a very important part of the bill, which will...
Are Any of These 11 Mistakes Lurking in Your Estate Plan?
Estate Planning Mistakes 1) Lack of Healthcare and Disability Planning. The majority of deaths occur in hospitals or other institutions. Patients may be incapacitated to the point where they can no longer communicate their healthcare wishes. Advance Directives and a...
Three Key Questions to Ask When You Seek an Estate Planning Attorney
Hiring an estate planner is an important decision as you are seeking advice on how to protect your loved ones once you are gone. For this reason, it is critical to hire an attorney with good knowledge of estate planning and how to use the tools available to create the...
3 Liability Planning Tips for Physicians
You probably know that the practice of medicine is a profession fraught with the risk of liability. It’s not just medical malpractice claims either (although those are certainly scary enough). It’s the entire scope of risk from being in business, including...
Is Your Estate Plan as Stale as Last Week’s Turkey Sandwich?
[ut_two_thirds] 5 Reasons to Update Your Estate Plan Estate plans are almost magical: they allow you to maintain control of your assets, yet protect you should you become incapacitated. They take care of your family and pets. And, if carefully crafted, they reduce...
SPECIAL REPORT
The 10 Biggest Estate Planning Mistakes People Make
(And How to Avoid Them)