Monthly Archives: March 2021
Early on in the estate planning process, you will discover that many of the decisions you make about your estate will be based on your best interests and those of your descendants while you are alive. As the old saying goes, estate planning is about planning for life, not just planning for death. Therefore,… Read More »
Estate planning for couples who got together late in life is very different from estate planning for former teen sweethearts who have just celebrated their golden wedding anniversary. If you and your spouse have been together since you were young, then by the time you reach retirement age, in many cases, your finances will… Read More »
Estate Planning Nightmares: What Happens When You Lend Money to Your Children, and They Don’t Pay It Back?
In today’s economic climate, it is getting harder for young adults to achieve financial stability without help from their parents. The gig economy has supplanted jobs that provide health insurance and paid leave, and homeownership is drifting farther and farther out of the reach of most working people. Maybe you even read that depressing… Read More »
If you and a business partner own an item of property together, there is usually a written document specifying which partner owns what percent of the property. For example, maybe you have 60 percent ownership, and your partner has 40 percent ownership. Likewise, when family members jointly own property, there are usually ownership percentages… Read More »