How can you choose a helpful and proficient executor?
When you write a will, one big decision you must make is who will be your executor. This person will carry out your wishes and manage your estate after you die. Selecting the right executor is important for your final…
How can estate planning help you minimize the probate process?
Choosing what happens to your belongings after you die might not be fun to think about, but it is important to do. Estate planning is about making sure this transition goes smoothly. One big benefit of planning is cutting down…
What are some medical care decisions you can put in a will?
When preparing a will, it is not only about dividing up your belongings but also about choosing your healthcare wishes. Your will is a legal document that can communicate your personal medical preferences. Learning about medical decisions you can include…
The difference between wills and trusts
Planning for the future involves making decisions about what will happen to your belongings and assets after you are gone. Two legal tools commonly used for this purpose are wills and trusts. While they both serve similar purposes, there are…
Tax implications of different business structures
When starting a business, choosing the right structure is important for various reasons, including taxes. The structure you choose can significantly impact how much you pay in taxes and how you report your income. Sole proprietorship In February 2024, 436,358…
How to talk to your parents about establishing guardianship
Discussing future planning with your parents, including establishing guardianship, can be a delicate subject. It involves conversations about situations where they might not be able to make decisions for themselves due to health issues or incapacity. Due to the sensitivity…