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Can a minor receive the benefits of a life insurance policy?
Dementia’s Untold Story: Safeguarding Your Legacy Through Estate Planning
Dementia is a cruel disease that robs us of our memories, communication ability, and sense of self. It's a disease that can have devastating consequences for families, particularly regarding estate planning. In this blog article, we'll explore the story of a...
When Temporary Disability Led to Family Conflict: My Dad’s Estate Planning Story
Dad’s dilemma, I usually write about upbeat topics that inspire positivity and motivate readers. But today, I want to share a sad story about how my dad's temporary disability led to family conflict with my stepmother and her children because he didn't prepare an...
Tips for Dealing with Difficult Parents
It can be difficult when parents or loved ones resist preparing an estate plan. Some common reasons that people may be hesitant to create an estate plan include the following: Denial: Some people may not want to think about their mortality and believe estateplanning...
4 Estate Planning Considerations For Building Generational Wealth
Estate planning is an important aspect of financial planning that involves preparing for the transfer of an individual's assets, property, and wealth after their death. Black History Month, celebrated in February, is an opportunity to recognize and honor the...
The Legal Documents You Need When Your Child Turns 18
Contrary to widespread belief, estate planning is beneficial to young people, especially college students. Once a child reaches age 18, the age of majority, parents are no longer able to handle matters on their behalf without written approval like they used to.
How Much Should an Estate Plan Cost You and Your Family
Let’s leave “family feud” to Steve Harvey! Some family feuds cannot be easily resolved, and the emotional scars left on families far outweigh the financial losses incurred. As such, estate planning is not just a good idea; simply put, having one not only preserves...
Juneteenth and the Plight of the Homeowner
Although Black Americans have the right to purchase homes after experiencing centuries of disparities, there are still significant disparities in homeownership and wealth accumulation for Black Americans in comparison to White Americans.
Special Needs Trusts Can Help Those with Disabilities
One of the most overlooked communities are people who suffer from mental illnesses. According to the National Alliance on Mental Illness, studies show “20.6% of U.S. adults experienced mental illness in 2019 (51.5 million people). This represents 1 in 5 adults.” Often times, people are left wondering how a loved one …
5 Life Estate Problems You Must Keep In Mind
When you are a homeowner and have a family, no matter what happens, you always want to take care of them. One way to do so is to pass your home to your children once you pass away. It is important to realize that transferring your home's ownership rights to someone...
