Asset Protection
What Happens to Debt When You Die?
Creditors typically try to collect on unpaid debt, by going after the decedent’s estate during a process called probate.
September 17, 2020
Asset Protection
A Non-Medical Checkup – For Your Estate Plan
For example, did you name someone as an heir who is no longer in favor with you or—worse yet—has died? Who should get what they would have gotten? Are there now new people in your life—be they family members or not—whom you might wish to share in what you may have?
September 15, 2020
Asset Protection
Which Celebrities Made the Biggest Estate Planning Blunders?
The saying goes that anyone who does not learn from mistakes in the past, is doomed to repeat them. In estate planning, if you do not learn from other’s mistakes, you are likely to repeat them.
September 11, 2020
Asset Protection
Is there a Better Plan than a Reverse Mortgage?
Using the equity in your residence is a method many people use to raise cash. There are several methods that a homeowner may use to tap into this income vein, but some may be better suited than others. One popular option—that often fills the airwaves with commercials—is the reverse mortgage. However, while popular, this may not be the best choice for many homeowners.
September 10, 2020
Asset Protection
Should I Create an LLC for Estate Planning?
Somewhere between a corporation and a partnership lies the limited liability company (LLC). This hybrid legal entity is beneficial not just for small-business owners but is also a powerful tool for estate planning.
August 8, 2020