Preparing a current a complete and updated list of all of your user-names, passwords, and online accounts is an important component of estate planning.
Many individuals and families use charitable trusts to leave all or a portion of their estate to charity when they die, both for philanthropic purposes and for certain tax benefits.
There are many reasons why limited liability companies (“LLCs”) may be your preferred method to purchase real estate. The main overall benefit of purchasing real estate via an LLC is the ability to own real estate and minimize liability exposure without adding tax complexity. This combination of benefits creates a variety of strategic planning opportunities.
Before college, you should consider documentation to ensure that you have the right to control your child's medical and financial decisions.
Knowing these four key estate planning terms can help you to make better and more educated decisions regarding the future of your loved ones and how to best protect your legacy.