When can a guardianship be necessary for a minor child?
As a parent, one of the most important decisions you can make is ensuring the well-being and safety of your child. But what happens when you are no longer able to care for them? Establishing a guardianship can be a…
How going through probate can affect families
Probate is a term that often brings to mind images of lengthy court battles and disputing family members. It is true that probate can significantly impact families– emotionally, financially and relationally, but learning about this ahead of time can help…
Should you use a life insurance trust in estate planning?
Life insurance trusts offer unique benefits when planning an estate. However, they also come with some potential downsides. Understanding both the benefits and drawbacks helps individuals make informed decisions about using life insurance trusts to protect their assets and loved…
What strategies can blended families employ to prevent disputes?
Blended families face unique challenges when planning for the future. Estate planning often brings up emotional issues, especially when multiple family members come from different backgrounds. Preventing disputes within blended families requires careful planning, open communication, and strategic tools. Use…
What is the difference between forming a C corp and an S corp?
Starting a business often requires choosing the right corporate structure. Two popular options are C corporations (C corps) and S corporations (S corps). Both provide liability protection and have unique advantages, but they differ in important ways that impact taxation,…