Many people begin a second career in their retirement years by starting a new business. A retirement business allows you to stay busy and work as little or as much as you’d like while making some extra money to complement your retirement. However, you want to make sure that your …
There are many issues that come up when planning for a loved one with special needs, including how much property or how many assets should be left behind in a Special Needs Trust for his or her benefit. This issue can be especially tricky if you’d also like to leave an inheritance to other family members. There is no black and white answer to this question – it all depends on your family’s unique situation and what goals you’d like to achieve when planning for your loved one with special needs.
Most people can think of someone that they would NEVER want to inherit their assets when they pass away. The hope is that those people aren’t rightful heirs in the line of succession anyway. However, if the person you want to disinherit is a rightful heir, you’ll need to make sure they are legally excluded from your estate with careful planning.
A Revocable Living Trust is one of the most misunderstood parts of estate planning, especially since many people associate trusts with the extremely wealthy and the term “trust funds.” But Revocable Living Trusts can be created by just about anyone looking to make an estate plan, and provide a number of significant advantages when it comes to avoiding probate and having others help you if you become incapacitated.
