Search Results for: beneficiaries
The Legal Docs You Need To Protect Your Family
This following post is written in partnership with Bloomwell. As parents we do everything we can to protect our children. But there is one super important thing that many of us put off doing, and that’s obtaining legal documents to protect our children if we are away from home (like when we use a babysitter…
School Volunteer Vampires
Call it Volunteer Vampires – a dilemma many of us struggle with (and feel guilty about struggling with). In simple terms, how much to volunteer at our childrens schools?
Divorce & Life Insurance
The purpose and need for life insurance doesn’t go away when couples split up. Life insurance can provide the resources to raise children when one or both parents die, and it can replace spousal support that a deceased ex would have paid to the lower-earning party in a divorce. Continuation of life insurance is often an element in court orders and settlement agreements in divorce proceedings.
Estate Planning & Wills
If you want to control how your possessions and savings will be distributed after your death, you need to understand the basics of estate planning. More than anything, you need to understand how to execute a legal will. According to the American Bar Association, estate planning means getting the advice and expertise of a lawyer, financial planner, accountant and other professionals who can guide you through the process of making a will or setting up a trust for your assets.
What Is a Revocable Living Trust?
A revocable living trust is a document that an individual or a couple creates that designates the management and beneficiaries of assets. The document is similar to a will in that it is revocable, meaning that the parties creating it can modify or nullify it at any time. The parties creating the trust must give detailed instructions for the overseeing and distribution of all assets, including cash, property, insurance benefits, valuables, investments and other accounts.