If you’re sued, your traditional homeowner’s and/or auto insurance will likely offer you some liability coverage, but those policies only protect you up to certain limits before they max out. Given this, you should consider adding an extra layer of protection by investing in personal liability umbrella insurance.
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In most states, there are three legal documents which can make all the difference when a medical crisis strikes and your young adult child is far from home. Used together, they can ensure a parent or trusted adult be kept in the loop about care and treatment when a child over the age of 18 experiences a medical event while away at college, traveling, or living far from home.
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Aretha Franklin died without a will or trust to pass on her multimillion-dollar estate. Franklin’s lack of estate planning was a huge mistake that will undoubtedly lead to lengthy court battles and major expenses for her family.
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Making the commitment now to create a comprehensive estate plan will ensure your loved ones will not be stuck in court or conflict, if the unexpected happens while you are on vacation.
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Without the proper estate planning, there can be a tough transition when a loved one dies. In the face of grief, an estate plan helps you to make the important decisions for moving forward in your life and processing your emotions in a healthy way.
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Last week we discussed how it’s a common misconception to think that if you don’t have children, you don’t need to worry about estate planning. But the fact is, it can be even MORE important to do estate planning if you have no children.
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It’s a common misconception to think that if you don’t have children, you don’t need to worry about estate planning. But the fact is, it can be even MORE important to do estate planning if you have no children.
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Learn the 6 steps to select and how to name a guardian for your children. One of your most important responsibilities as a parent is to select and legally document guardians for your children. This is part of a more comprehensive plan to ensure the well-being of your children and the assets you’re leaving behind, no matter what happens.
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Do you know how to name a guardian for your children? Learn the basic steps to select to name a legal guardian. It’s vital to complete this process immediately, so you know that who you care about most—your kids—will be cared for the way you want, no matter what.
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