Parents usually create an estate plan to make life easier for their children if something unexpected happens. But simply leaving assets “to the kids” may not provide enough direction when those children are still young. What should I include in a trust for minor children? A thoughtful trust should … [Read more...] about What Should I Include in a Trust for Minor Children?
How Can I Protect My Parents from Financial Abuse as They Age?
As we age, we sometimes become susceptible to financial abuse from others. Scammers, dishonest caregivers, acquaintances, and family members sometimes steal money or belongings from older adults, manipulate their financial decisions, or pressure them to give gifts. Although it can be difficult to … [Read more...] about How Can I Protect My Parents from Financial Abuse as They Age?
What Happens If My Parent Didn’t Name a Beneficiary on Their 401(k)?
Your parent’s 401( k) account is likely one of the largest assets in their estate. While many assume that the account automatically passes to family members upon death, complications may arise when your parents didn’t name a beneficiary on their 401( k). Depending on the facts of your situation, … [Read more...] about What Happens If My Parent Didn’t Name a Beneficiary on Their 401(k)?
How Do I Handle an Inheritance Split Between Feuding Siblings?
Losing a parent or loved one is hard enough on its own, but probate can become even more stressful when family members begin fighting over an inheritance. You might even find yourself wondering, “How do I handle an inheritance split between feuding siblings?” Unfortunately, arguments among siblings … [Read more...] about How Do I Handle an Inheritance Split Between Feuding Siblings?
