Updating Your Beneficiary Designations to Ensure Your Estate Plan Works as Intended
If you have just completed your estate planning documents, you may feel like breathing a sigh of relief that everything is finished. Well, not so fast! Without updating your beneficiary designations to coincide with your estate planning documents, your estate plan...
What Are the Different Types of Asset Protection Trusts?
Asset protection trusts are typically used to protect assets from creditors or reduce income or estate taxes. As discussed in our post What Is an Asset Protection Trust?, such trusts are not right for every situation. Further, there are different types of asset...
What Is an Asset Protection Trust?
An asset protection trust is a vehicle for protecting your assets during your lifetime. While it can offer numerous benefits, asset protection trusts are typically only used in limited situations because the person creating the trust (the grantor) loses control...
How to Protect Your Assets from Your Stepchildren
We’ve all heard stories about evil stepmothers, but what about evil stepchildren? Second marriages, especially when one or more parties have children from a prior relationship, come with unique concerns about inheritance. However, you can mitigate many of these...
Choosing a Guardian for Your Children
Your children mean the world to you and the last thing you probably want to think about is what would happen to them if you were gone. Choosing who will be the guardian of your minor children is likely one of the hardest but most important decisions you will make...
How to Finance the Purchase of a Business
Buying a business can be very costly and often requires that the purchaser obtain financing. Since there are multiple ways to finance the purchase, it is helpful to get legal advice. An experienced business attorney can provide invaluable guidance on determining...