Posts Tagged ‘ child ’

Common “Pot” Trusts: Why You Shouldn’t Treat Your Children Equally

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If you have minor children, you most likely would want them to be provided for in case something terrible happens to you and your spouse.  How would you split your assets between them? At first glance, your natural tendency is probably to respond, “equally, of course”.  For the most part, we love our children equally,…

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10 Reasons Young Adults Should Consider Estate Planning

10 Reasons Young Adults Should Consider Estate Planning

According to the law of averages, approximately 1 in 500 people in the United States who are aged 25-44 will die this year.  In other words, 499 out of every 500 in this group will be around in 2012. So why on earth do estate planning attorneys, financial planners, insurance salesmen, etc. recommend that anyone…

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Special Needs Trusts – Another Exceptional Estate Planning Development

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Imagine you have your first child.  Nothing can contain your excitement as you make this foray into adulthood.  However, as the months pass, you begin to observe that something is not quite right.  Your child is not behaving like the others.  You get worried, but friends, teachers, and doctors tell you “kids learn at their…

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Expecting Soon? Estate Planning Issues You Should Consider

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Image via Wikipedia For some reason, I am friendly with lots of women.  Perhaps it is due to the influence of my tough mother and two strong older sisters, or that I followed Benjamin Franklin’s advice to marry someone smarter than me.  However, this does not mean that I fully understand how women function.  Read…

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Last-Minute Estate Planning Can Lead to Chaos

Who Should Care for X

I had the misfortune of hearing a dreadful story over the weekend.  It is a fine example of how emotions can run quite high in the weeks leading to death if no estate plan is established, and how the survivors are left to solve complex issues that will have an impact for generations.  Read more...

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Who Will Choose Your Kids’ Guardian and Custodian?

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All parents of minor children should have at least a will.  Let me repeat.  All parents of minor children should have at least a will.  If you are a parent with minor children and you don’t have a will, you must get it done. Why?  The following are the major consequences if you do not:…

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