Children With Special Needs and Life Insurance

Children With Special Needs and Life Insurance

When you have a special needs child in your family, there are two main ways to use life insurance. In one situation, parents may consider purchasing life insurance for their child’s life, addressing the possibility of outliving them. Alternatively, parents may use a...
Planning the Estate of a Surviving Spouse

Planning the Estate of a Surviving Spouse

Losing a spouse or long-term partner makes it hard to think beyond your grief. However, it is crucial to understand there are important and timely decisions you need to make regarding your finances and personal estate plan. In truth, estate planning is perpetual as it...
Free Online Legal Documents: Beware of the Dangers

Free Online Legal Documents: Beware of the Dangers

Power of attorney allows you to appoint a trusted person to handle transactions for you. They could be related to personal finances, business operations, or medical needs and used for a single immediate purpose or an ongoing situation. This may sound pretty...
Taking Steps to Reduce the Risk of Probate Litigation

Taking Steps to Reduce the Risk of Probate Litigation

The risk of probate litigation can be increased by a number of family circumstances. Still, there are two fundamental reasons: families disagree with how to handle a mentally incapacitated family member or, after death, disagreements regarding the dissolution of the...
A Comparison of Irrevocable Versus Revocable Trusts

A Comparison of Irrevocable Versus Revocable Trusts

The most common types of trusts for estate planning are revocable and irrevocable trusts. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last will and testament as an...
Most of the Time, Equality Is Fair

Most of the Time, Equality Is Fair

When it comes to deciding how to leave property to your children, the obvious choice is to divide everything equally. That is the straightforward choice when all your children are doing equally well. But if not – if, for example, your son is a starving artist with...