Choosing Guardians for Children

The most important decision you'll make in your estate plan is appointing guardians for your minor children. Who you pick will impact not only your children but also the lives of your guardians. While you and your children may feel an affinity for a particular adult(s), that relationship could be strained in a 24-hour-a-day, 7-day-a-week environment. Where should you begin in picking a guardian?

Financial & Estate Planning For the Dual Income Family

In today's world, it is more common than ever to find dual income households. Recent estimates by the Department of Labor find that women comprise around 47 percent of the American workforce. Compare this percentage to 1960 accounts estimating women in the workplace at around 33 percent. Because of the proliferation of working women, special planning is necessary to properly address the issues faced by households where both spouses work.

When Parent and Child Reverse Roles

When we start off in life, our parents provide love and nurturing, as well as the necessities of daily life. As time passes, we grow into adulthood. Our relationship with our parents becomes one of equals, with each providing love and nurturing for the other, while both are self-sufficient. Often, parents reach a stage in their lives when they are no longer self-sufficient, typically due to advanced age or illness.

The Inheritor's Trust

The Inheritor's Trust is a way for a child with a substantial estate to save estate taxes and obtain some protection against creditors, lawsuits, etc. This article discusses this new concept.

What Is A Children's Trust, And Why Should I Include One In My Will?

A Children's Trust included in your Will will provide for your children's care, support and education until they reach the age of eighteen. Simply done, and an insurance in the event of an untimely death.

Asset Protection Trust

About asset protection as trust; Define Grantor.

How the Rich Hide Their Assets

How rich hide their assets. The Rich diversify assets. Hide assets w/ independent trustees, irrevocable trusts, foreign LLC, International Business Company, Corporations Chapter C or Subchapter S Corporations.

What is Values-Based Wealth Planning?

No one over age 18 today will live to see the end of the 21st Century. The legacy you leave your children will be reflected in the values they learn about the role of money and property. Here are ways to plan that give your heirs a perspective that extends far beyond the dollar value of what you pass on to them by way of a financial inheritance.

Medicaid Nursing Home Spend-Down Program: 5-Year Look Back

The Medicaid nursing home spend-down program mandated by the government has 5-year look back provisions placing financial devastation on senior elderly couples and the next generation baby boomers. What are the government's Medicaid long-term care plans? Is reverse mortgaging an option? Pros and cons of a reverse mortgage. Plan ahead with solid Medicaid estate planning and protection.

Why a Will is Not Enough to Save Anna Nicole Smith's Baby Daughter?

The assignment of choosing a guardian for your minor children is the most important aspect of having a will. A will also assigns an executor. A will doesn't protect your assets nor avoid the probate. A trust - revocable or irrevocable - needs to be considered. What's the distinction between a revocable trust and irrevocable trust?

Why Offshore Asset Protection (Aka Foreign Asset Protection) Is Good?

Discusses why offshore asset protection (aka Foreign Asset Protection) is a legitimate business necessity. 1040 income tax return, schedule B line 7a: did you have authority over financial account in a foreign country. 1040 form, schedule B, question 8 regarding Foreign Asset Protection Trust. Other articles describe more opportunities for offshore asset protection strategies.

How to Invest When You Have No Money

A quick discussion of three easy ways to invest from $25 to $250 dollars.

A Walk Through Of Financial Planning Process

Financial planning is important to your life; success or fail to plan your financial will impact your life related to money. The six areas of financial planning that reviewed in this article are all interrelated. Hat affects one area impacts the other areas as well, you should be aware of these areas and ho they impact your financial strategies.