Marital debt refers to debt and financial liabilities incurred during a marriage. Such obligations may include credit card debt, student loans, a mortgage and business loans. This debt must be repaid even when a couple decides to separate. Therefore, each spouse will...
Once you decided it was finally time to stop putting off estate planning, you faced many considerations. For example, you had to determine what documents to include, how to address possible probate issues and whom to choose as an executor for your estate. You probably...
Drafting a living will – also known as an advance healthcare directive – is a crucial step in helping to ensure that your medical wishes are respected and honored if you are unable to communicate them due to incapacity caused by illness or injury. A living will can...
You and your future spouse started a business together before you even got married. Maybe you were already romantically involved, or maybe you were just business partners and the relationship evolved over time. Either way, you’re now getting married and it’s going to...
Have you ever heard of the SMART goal-setting technique? In the context of estate planning, the acronym, SMART, can empower you to set wise and realistic goals. It stands for: Specific Measurable Achievable Relevant or realistic Time The SMART method is used...
Creating a will is a responsible step to ensure your wishes are fulfilled after you pass away. Unfortunately, around 46% of U.S. adults still do not have a will in place. Unfortunately, even if you create a will, there are situations where someone in your family may...
You’ve got all of the passion and drive to make all your entrepreneurial dreams come true, but it’s critically important to make sure that your business has a solid foundation. That means making sure that you pick the right business structure, getting your partnership...
When creating a will, you need to name an executor who will ensure your wishes are fulfilled. In addition to this, the executor handles other duties, from paying off debts to managing property before distribution. You can name one or more executors (co-executors)....
An estate plan is a set of living documents. This means that – with virtually no exceptions unless you have created certain kinds of trusts – you can update your estate plan as frequently as the situation warrants. For example, you can update your advance healthcare...
When your elderly parent loses the ability to think clearly and make meaningful decisions independently, it makes them quite vulnerable. It may be due to a serious brain injury or health issues like dementia and stroke. Either way, you should take charge to protect...
