Do you have enough assets to warrant probate? Do you know what the probate process consists of? Check your state's thresholds here, and what types of property count towards those limits. Thanks to LegalMatch's Pavel Leshchinskiy for this thorough and concise write-up: http://www.legalmatch.com/law-library/article/how-probate-works-a-state-comparison.html Note: The original … [Read more...] about Probate State by State Thresholds
When Injury or Death Affects A Young Couple and Family (A Case Study)
Young families and couples starting out their lives have a lot of liabilities to protect, and deal with a higher amount of risk than older, more established couples. Here's a checklist on what to protect and how to prepare as a young couple. Tom, 35 and Mary, 32 are newlyweds, and they have two young children. Tom had put a down payment on a beautiful home in the suburbs … [Read more...] about When Injury or Death Affects A Young Couple and Family (A Case Study)
Estate Planning for Dummies: The Basics (Part 1)
Why estate planning is crucial, and what kind of huge debt you could be leaving to your family if you die prematurely. Homeowners, a living trust is crucial, as well as the rest of the estate planning checklist. Estate planning can be an overwhelming process. So much so that people just throw their hands up in the air and give up. But there's a huge danger in doing nothing, … [Read more...] about Estate Planning for Dummies: The Basics (Part 1)
5 Reasons Why Long Term Disability Insurance Is Awesome
Many people think about long term disability insurance: when it's too late. Protect your income and lock in your standard of living while wages are high and sleep better at night. Don't wait until an injury or sickness takes you down the financial drain. Long term disability insurance? Why would I ever need that? Ok. Let's start with insurance, in general. Take it from a … [Read more...] about 5 Reasons Why Long Term Disability Insurance Is Awesome
Finance 101: Never Forget Personal Finance Basics
Be smarter with your money. Learn about the basics of personal finance and what it can lead to. Every personal financial consultant loves to talk about fancy tax-friendly investment products, yet they are only helpful if a solid financial base has been established. If there is no base, all the investment vehicles in the world will not help; in fact they will just mask a … [Read more...] about Finance 101: Never Forget Personal Finance Basics