Your estate plan does not exist in a vacuum. Instead, a wide range of factors and events can significantly impact your estate plan. Divorce is among those events. To help you better understand and plan, an estate planning attorney at Nash Bean Ford & Brown, LLP explains the impact a divorce can have on your estate plan. When a Marriage Ends At the beginning of a marriage, it is common to think of the marital assets as “what’s mine is yours and what’s yours is mine.” At some point, however, … [Read more...] about How Does Divorce Impact Your Estate Plan?
Hopefully, you are aware of the importance of having an estate plan in place. What is in your estate plan though? A well thought out and comprehensive estate plan can accomplish much more than just directing the distribution of your estate assets when you are gone. In fact, your estate plan can, and should, protect your assets and help them grow while you are alive, plan for the possibility of your own incapacity and the inevitability of your own death, and protect and provide for your loved … [Read more...] about What’s in Your Estate Plan?
As a parent you undoubtedly have tried all of your life to treat all of your children the same. Why then would you do anything different when you create your estate plan? Shouldn’t you divide your estate equally among your children? Or are there circumstances under which it would be wise not to divide your estate equally? If you are currently wrestling with these questions know that you are not alone. Many parents have been in the same position you are in, and have struggled with the same … [Read more...] about Should You Divide Your Estate Equally among Your Children?
This is certainly understandable as estate planning can be a complex and intimidating process for a first-time planner. One way to make the process less intimidating is by gaining a better understanding of some commonly used estate planning strategies and tools. Toward that end, the following is brief explanation of some of the most commonly used estate planning tools and strategies. Topics covered in this report include: Last Will and Testament Advanced Directives Trust Agreements Life … [Read more...] about Free Report: What Should Be In Your Estate Plan
Small business owners have long been considered the backbone of the American economy; however, toward the end of the 20th century the number of new small businesses startups in the U.S. declined significantly. That changed though during the recent recession as small businesses began popping up again everywhere with many of them flourishing. Topics covered in this report include: The Rise (Again) of Small of Businesses Why a Business Succession Plan Is Necessary Things to Consider When … [Read more...] about Free Report: Do You Need to Include A Business Succession Plain In Your Estate Plan