A lifetime of hard work, self-denial and careful investing will lead to financial security for you later in life. It will also put you in a position to leave a meaningful legacy for your children and grandchildren. You might also want to leave money to a non-profit...
Month: December 2022
What happens if you’re incapacitated?
Your estate plan should include instructions about what you want to happen to your assets when you pass away. There’s another aspect of this planning that has to do with what happens if you become incapacitated. When you can’t make decisions for yourself, someone has...
3 estate planning considerations with divorce
Going through a divorce means you’re dealing with many changes in your life. Some of these involve factors like where you’ll live and when you’ll have your children. Many people don’t think about their estate plan when they’re going through a divorce, but it’s crucial...
The cost of keeping your home in divorce
If you get divorced, you may decide that you’d like to keep your home. Maybe you just don’t like the idea of moving because it will make the divorce feel too chaotic. Perhaps you love the home and don’t want to give up your dream home just because your marriage is...
What does due diligence for real estate mean?
Buying real estate is likely the costliest purchase you will make. When you consider specific properties, you need to ensure that you’re making a purchase that’s in your best interests. You must do due diligence on the property you’re going to make an offer on. You...
3 common reasons people add trusts to their estate plans
People in different social situations and stages of life will have very different estate planning needs. For example, a new adult preparing to leave for college may primarily require powers of attorney and healthcare directives in case of a medical emergency as they...
Watch out for potential red flags when leasing commercial space
Entrepreneurs who have never rented or leased commercial property can fall prey to unfavorable terms when looking for business space. Now that you are gaining traction as a company, poor lease terms could slow your newfound success. Fortunately, you can avoid terms...
Divorcing spouses can work together to sell their home
You and your soon-to-be ex may not agree on much, but you know neither of you can afford to keep your home on your own. If you’ve agreed to try to get the home sold before your divorce is final, you’re in a better situation than many couples. Selling a home can strain...
The problem with a personal guarantee in a commercial lease
Sure, your business is pretty small – but it’s also pretty profitable. You’ve taken all the right steps along the way, including structuring the business as a limited liability company (LLC). So, why is your company’s prospective landlord asking for a personal...
Avoid these financial pitfalls before buying your first home
If you are like most, you worked hard to earn and save enough to purchase your first home. You probably have a steady and reliable income, savings in your bank account and a good idea of what you want in a home. Although you feel confident you can afford monthly...