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.
Here is an estate planning to-do list that all of us should consider.
Hopefully you have considered the benefits of doing some basic estate planning. As noted in prior blogs, it is essential for anyone with children and anyone who has any assets to distribute, regardless of age or income level, to have basic estate planning documents in place.