Small business ownership involves a lot of logistical and financial decisions. Having a succession plan prior to retirement, disability, or death is one of the most important decisions. There are five common approaches to transferring ownership of your business, no…
If you were seriously ill or injured and could no longer make your own healthcare decisions, what would you do? It is possible to become incapacitated at any age. Living wills are a component of advance health care directives, which…
Limited liability companies (LLC) fall between partnerships and corporations in their structure. A hybrid legal entity such as an LLC is well known for its financial management benefits, yet LLCs can also serve as a powerful estate planning tool for…
Medical emergencies are stressful enough, but when massive bills arrive despite your insurance coverage, the pain may continue. Imagine, for instance, that you had emergency surgery. In addition to the surgery bill, you received a massive bill from the anesthesiologist…
Some of your heirs, whether minor or adult, may not agree on family matters, especially when it comes to inheriting your estate. It is not uncommon for relationships to change and intensify when a person dies. This is because underlying…
Among older adults, estate planning is considered very significant. The majority of Americans over 55 do not have a will, and fewer still have a living will or a health care directive. Providing the end-of-life wishes you desire is easier…
There's a saying that says it's best to avoid probate court. But just because people may have heard that term, doesn’t mean they know exactly what probate means, why it can be a problem, or how to successfully avoid it.…
There are currently more than 51 million seniors in the United States, and the number is steadily increasing due to medical developments and technological advancements that allow seniors to live longer and better lives. The expanding needs of the US…
A revolution in smart personal assistants is sweeping the nation. In 2020, the technology-research firm Canalys predicted 100 million smart speakers (smart personal assistants) would be installed worldwide and also estimates the number of smart assistant compatible devices would reach…
Seniors and people close to them may find that growing older is a challenge and not as pleasant an experience as they envisioned. Diabetes, high blood pressure, obesity, heart conditions, and pulmonary problems are common hurdles to overcome or manage.…