Estate planning isn’t just about sharing wealth with the younger generation. For many people, it’s equally important to share one’s values and to encourage their children or other heirs to lead responsible, productive and fulfilling lives. One tool for achieving this goal is an incentive trust, w...
Typically, an estate plan includes accommodations for your spouse, children, grandchildren and even future generations. But some members of the family can be overlooked, such as your parents or in-laws. Yet the older generation may also need your financial assistance. ...
While much of your estate plan focuses on actions that take place after death, it’s equally important to have a plan for making critical financial or medical decisions if you’re unable to make them for yourself during your lifetime. This is why including a power of attorney in your estate plan is a...
A will or revocable trust may form the core of your estate plan, but for many people, a substantial amount of wealth bypasses these traditional estate planning tools and is transferred to their loved ones through beneficiary designations. These “nonprobate assets” may include IRAs and certain emplo...
Embarking on the journey of adoption is a monumental decision filled with hope, anticipation and perhaps a touch of anxiety. One of the critical steps in this process is the home study — a thorough assessment conducted by adoption agencies or social workers to evaluate the prospective adoptive family...
World Adoption Day is a day to uplift all voices in the adoption community, to share their stories, reflect on their journeys, and connect with those touched by this experience. Adoption provides a wonderful solution for family formation. There are several ...
Co-parenting can be challenging, especially during the holiday season. There are ways to make the holidays more peaceful and manageable. The key is clear, honest communication and planning ahead. Here are some tips to help ensure a smooth holiday season for both parents and children. Hol...
Child support is essential for meeting a child’s financial needs after parents separate or divorce. However, life circumstances can change, and the original child support arrangement might no longer reflect your current situation. So, the question becomes: what are the legal requirements to modify ch...
When navigating legal disputes, particularly in family law, it's crucial to understand the different options available to resolve your case. Two common methods are litigation and mediation. While both aim to resolve conflicts, they differ significantly in process and ability to control the outcome. Cho...
Estate planning is a crucial step to protect yourself and your loved ones. By having the right documents in place, you can ensure that important decisions regarding your health, finances, and the distribution of your assets are handled as you intend. Here are the key components of an effective estate p...
Prenuptial and postnuptial agreements are both helpful for protecting assets and setting clear financial responsibilities in a marriage. But what’s the difference, and when is each one right for you? Prenup vs. Postnup: Timing is Everything ...
With time off during the holidays, it is the perfect chance to travel. For families with children, it is an opportunity to explore new places and create lasting memories together. For separated or divorced parents, it can be an especially meaningful chance to spend quality time with their children. How...
New Year’s is a time for fresh starts and thoughtful reflection, making it perfect for setting meaningful goals. One resolution to consider this year is estate planning —a way to make sure your legacy is safe and your loved ones protected. This process has several steps: Designating ...
The word "probate" can often spark concern, but with the right understanding and proactive planning, you can make estate administration smoother and less daunting for your loved ones. Probate covers the entire process of managing and distributing a deceased person’s assets, which can be time-consumin...
When it comes to planning for the future, understanding the differences between a Last Will and Testament and a Revocable Living Trust is crucial to ensuring your wishes are carried out effectively with minimal complications. While both are essential estate planning tools, they serve distinct purposes ...
