Archive for May 2023
Navigating Affairs After a Loved One’s Passing
The loss of a loved one is a challenging and emotional time. Amidst the grieving process, there are practical matters that need attention, especially in relation to your loved one’s estate. Estate planning plays a vital role in ensuring a smooth transition and proper distribution of assets. Here are 10 important steps to take when…
Read MoreExploring Asset Protection Against Creditors
Trusts are powerful tools for asset management and estate planning. When it comes to protecting your assets from potential creditors, understanding the differences between irrevocable and revocable trusts is essential. By gaining insight into these trust structures, you can make informed decisions about asset protection strategies. Revocable Trusts Revocable trusts, also known as living trusts,…
Read MoreIs Signing Away an Inheritance the Best Option?
Inheritance is often viewed as a significant windfall that can bring financial security and stability to one’s life. However, there are situations where individuals may choose to sign away their inheritance willingly. This decision, although unconventional, can carry various benefits depending on personal circumstances and considerations. What does Signing Away an Inheritance Mean? Signing away…
Read MoreMaximize Your Trust: A Guide To Funding
Funding your trust properly is important to ensure that your assets are managed according to your wishes and that your beneficiaries receive the maximum benefit from the trust. Here are 5 tips to help you fund your trust: 1. Identify which assets you need to transfer to your trust It’s important that you identify which…
Read MoreThe Heart of the Home
There are many words to describe what a mother truly is to her children and family – the heart, the glue, the rock are just some among many others. As I reflect on the mothers in my own life, all are very true. However, I can confidently add one more descriptor – pure gold. Recently…
Read More