Certain disabilities can make it virtually impossible to learn to read. Still, because reading is a necessary competency for many jobs, not being able to read can make it virtually impossible to secure employment. Indeed, according to reporting from PBS, about 36...
Estate Planning
Should you use an LLC or trust to pass on your estate?
Limited liability companies are trusts that protect assets and ensure that an estate ends up in the hands of the intended beneficiaries. Both are valuable options, but each has unique advantages that work in different situations. According to SmartAsset Advisors, an...
Homebuyers and estate planning
Though the seller's market has died down recently due to inflation and the economic turmoil currently faced by many, a number of people are still setting out to make their first home purchases. Thus, it is crucial for this new wave of home-owners to know how to keep...
What are an estate executor’s responsibilities toward the IRS?
One of the primary responsibilities of an estate executor, or personal representative, is paying off the deceased's debts and final expenses. In addition to discharging creditor debts, hospital and funeral bills and costs related to administering the estate, the...
What does a power of attorney do?
Getting a plan in place for your continued care should take priority as you age. Since your children are now adults, you no longer have to focus on them and should instead turn your attention to yourself. An estate plan should include a few documents that address your...
Who gets your assets if you die in Florida without a will?
If an accident or other catastrophe claims your life before you write your last will and testament, Florida’s intestacy laws will, in effect, write your will for you. As the Florida Bar points out, this means that your closest relatives will receive statutorily...
What traits should you look for when choosing a good executor?
When you first decide to write out your will, you may feel overwhelmed at the idea of choosing a person who will oversee your final wishes after your death. You may wonder what the significance of this role is. In order to find the best fit possible for the role, you...
4 estate planning documents you need and a letter of instruction
At first glance, the estate planning process may seem somewhat overwhelming, but it is less complicated than you think. Here are four basic estate planning tools for you to consider along with a letter of instruction. 1. Last will and testament In your will, you can...
Are you dealing with a manipulative executor?
An executor holds a position of high esteem and power in any estate plan. For most people, their executor remains a stalwart figure they can trust through thick and thin, depend on, and rely on to carry out their wishes no matter what. But unfortunately, some...
Is it time to update your estate plan?
After creating an estate plan, many people will simply leave it and forget about it for years or even decades to come. In reality, however, an estate plan should change just as often as your life does. After all, an outdated estate plan is almost as bad as having no...