This article looks at the question of how much is too much to leave your children. Many people have pledged to give the majority of their wealth to charity. If you won’t leave all your assets to your children, the article provides resources for vetting worthwhile charities.How Much is Too Much? … [Read more...]
Planning for Special Needs Children
Planning is important when providing for any of your children. But planning is even more important for special needs children. Without proper planning, an inheritance can jeopardize a special needs child’s needs-based benefits, such as SSI or Medicaid. Read on to learn more about planning for special needs children.Planning for Special Needs Children … [Read more...]
Disinheritance
Each of us will die eventually. This article looks at how planning can make your passing easier for those whom you leave behind. Specifically, this article will look at how you can disinherit someone with the least disruption to the family.Disinheritance … [Read more...]
Who Decides If Someone Is Incapacitated?
Creating a comprehensive estate plan often includes planning not just for the eventuality of death, but also for the possibility of incapacity. Knowing who would make decisions for you and who would control your assets if you were to become incapacitated provides invaluable peace of mind. Before you can plan for incapacity, however, it helps to know how that word is defined and who makes a determination that someone is incapacitated. To help you better prepare for the possibility of your own … [Read more...]
Is a Family Limited Partnership Right for My Business?
For many people, owning a small business is part of the “American Dream.” If you are one of those people, and you hope to one day pass down your business to the next generation, it is crucial that you plan accordingly within your estate plan. There are a number of tools and strategies that can be used to help your business make a successful transfer to the next generation, including a Family Limited Partnership. A Family Limited Partnership, or FLP, is one type of legal entity that works … [Read more...]
