Growing your wealth is an accomplishment that fills you with pride. However, it's important to remember that your finances are not always safe from the dangers of the world outside. Creditors, litigators, and other legal problems can significantly impact your wealth. Thankfully, there is a way to protect your assets, and this is through using a creditor protection trust. Discover what a creditor protection trust is and its benefits as well as guidance on whether or not it is right for your unique situation.
Many Americans have one or more IRAs (Individual Retirement Accounts) that form an important part of their retirement plans. But that also means your IRA is an important part of your estate plan. Who should receive it? Here are a few beneficiaries you might consider leaving it to in your will and why.
1. Minor Children/Grandchildren
With the coming of the SECURE Act in 2019, non-spousal beneficiaries generally have to withdraw the entire IRA within 10 years of inheriting it.
No parent is perfect, so it's typically not a big deal if a mother occasionally feeds the kids candy for dinner or a father forgets to bathe his toddlers. However, a history of neglect can be extremely detrimental to a child's development, health, and overall well-being. If your ex has been consistently neglecting his or her parental duties, you should consider involving a family law lawyer. An experienced legal professional can assist with obtaining a court order that will make sure the kids receive the care they need from both parents.
If you're getting ready to buy a property, it's a good idea to make sure that you understand everything that this will entail. If you are not careful buying a property can become extremely stressful.
This is why many people hire a real estate attorney to assist them. A real estate attorney will understand the ins and out of the law and make sure that everything goes smoothly. If you're wondering how to become a real estate attorney, here are some of the main things that you need to bear in mind.
If you've recently decided to file a personal injury lawsuit, you have two primary options for resolving your case — settling out of court or going to trial. A settlement involves reaching an agreement with the other party to resolve the dispute, while a trial entails presenting your case to a judge or jury who will determine the outcome. Both options have their advantages and disadvantages, so it's essential to weigh them carefully before making a decision.