When your child reaches 18, you may not realize that not only do their legal rights change, but so do yours as the parent. Your child is now considered a legal adult with the same rights and responsibilities as you. That means you can no longer obtain personal...
Discussion around end-of-life choices is slowly entering the mainstream. This is not surprising when we have an aging population and healthcare advances that can prolong life for increasingly ill people who only a few years ago might have otherwise died. However, this...
As asset protection planning has gained prominence, more states are changing their laws to provide opportunities for individuals to create asset protection trusts. Such trusts were previously unavailable outside of a few limited jurisdictions. Connecticut made a huge...
When Aretha Franklin passed away in 2018, it was believed that she had no will. That meant her estate would be divided among her surviving heirs – four sons, one of them disabled and under legal guardianship. However, several years after her death, two different...
Many parents wonder whether and when their children have to pay taxes. Children who earn wages pay taxes if their income exceeds their standard deduction, however, where children have unearned income, such as from investments or interest on bank accounts, they may owe...
