As a parent, you probably want to protect your children from financial hardships even when they become adults. An estate plan can allow you to help your kids financially, but what if one of them is a reckless spender? They might blow their inheritance instead of using...
Building a small business often takes years of hard work, personal sacrifices and strategic planning. Have you considered what will happen to your business when you can no longer run it? For many small business owners, their enterprise is their most significant asset...
Estate planning is an essential process that involves the management and distribution of an individual's assets after their death. Trusts are a popular estate planning tool that can help individuals protect their assets and better ensure that their loved ones are...
You've worked hard throughout your life, accumulating assets and building your legacy. Now, you're starting to think about the future, and you may be wondering, "How can I leave a mark on the world that lasts long after I'm gone?" The answer could lie in combining...
When it comes to medical care, it’s important to have a plan in place for how you want to be treated if you’re unable to make decisions for yourself. One way to do this is by designating a healthcare surrogate. This person will be responsible for making medical...
The average person only knows a few details about Social Security Disability Insurance (SSDI) benefits. They know that the contributions they make from their paycheck each week go to the Social Security Administration (SSA) to fund those benefits. They also know that...
Power of attorney designations are some of the most common estate planning resources utilized by adults of all ages. Some people who don't even have a will yet have drafted powers of attorney. The basic function of power of attorney designations involves giving...
Creating a will as part of your estate plan ensures that all your wishes are carried out after you pass away. However, the last thing you want is to leave your family arguing when you’re gone. This is why you should do everything possible to prevent your will from...
If you use a will, it gives you the ability to decide who gets your assets. Consider your investments or other financial assets, for example. You can use the will to state which heirs are supposed to inherit this money and you can divide up the percentage that is...
Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) are both programs that are handled by the Social Security Administration (SSA). They provide financial assistance to individuals with disabilities. While they have similarities, they...