Many parents with disabled children worry about how their kids will survive when they are no longer here to support them emotionally and financially. But, unfortunately, leaving money to your child with autism may prevent him from receiving assistance from Social Security’s Supplement Security Income and Medicaid. Most beneficiaries in these programs only have a… Read more »
People who intend to leave their estate to heirs are often concerned about tax issues. However, after years of hard work, the last thing you want is to expose your assets unnecessarily to tax authorities. Fortunately, estate planning with life insurance and annuities can help to shield some of your assets from taxation. Below are… Read more »
Financial planning is a big part of estate planning. If you are an older adult who owns a home, you may be considering using a reverse mortgage as part of your estate plan. Whether or not a reverse mortgage is a sensible option depends on many different factors. There are both pros and cons to… Read more »
Common-law marriage is a legal framework whereby a couple could be considered “married” based on the length of their relationship and the representations that they make to friends and family—even without a formal marriage license. The National Conference of State Legislatures (NCSL) notes that only eight states still actively recognize common-law marriages. Ohio is no… Read more »
Wealth management and asset protection are important aspects of estate planning. With a well-crafted estate plan, you can put yourself and your family in the best position to preserve your hard-earned life savings. Estate planning must be personalized—the asset protection strategy that works for someone else may not be well-suited for your specific situation. In… Read more »
Thinking about our future is human nature. For when we pass on, we particularly want to look out for our families and children. Estate planning and legacy planning are two different ways for you to think about and securing a future for your family. Here are some of the most important differences between estate and… Read more »
Estate planning is an important aspect that must be addressed by every parent. In the case of a single parent, it becomes more important because the child of a single parent does not have another parent to rely on. In case of a single parent’s untimely death, children need to know they will be taken… Read more »
Estate planning may not be one of the most enjoyable experiences of one’s life. For some, it might remind them of their mortality, while for others it may simply be a boring exercise to set their finances and legal affairs in order. Here are the four important things that you should consider including your estate… Read more »
A written contract is a legal document that helps a business to set forth terms and conditions with the other party/parties. Contracts are legally enforceable in a court of law and serve as a tool for companies to safeguard their resources. Here are 3 essential contracts every business must have at their disposal. Commercial Contract… Read more »
Estate planning is an important aspect of one’s life that must not be left unattended. Estate planning refers to the preparation of tasks that may help to manage an individual’s estate in the event of – perish the thought – their incapacitation or death. This involves inheritance of asset to heirs and settlement of estate… Read more »