Estate Planning- Trusts

Key Considerations for Smooth Wealth Transfer Planning

Key Considerations for Smooth Wealth Transfer Planning. Components of a robust estate plan include a will, trusts, a power of attorney, and healthcare directives. A will specifies how your assets should be distributed upon your death. Trusts, which hold and manage assets on behalf of beneficiaries, can be tailored to meet specific needs, such as reducing estate taxes or providing for minor children. A power of attorney grants someone the authority to make financial and legal decisions on your behalf if you become incapacitated, while healthcare directives outline your medical treatment preferences.

Ways You Can Make the Expenses of a Family Car Better Fit Your Budget

By Guest Author | August 24, 2021

Cars can be expensive, but it’s often a necessary expense so that you have a safe way to transport your family where they need to go. Fortunately, there are several tips you can use to make a family car more affordable. Here’s how you can make the expenses of a family car better fit your budget.

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Mistakes Personal Injury Claimants Make

5 Common Mistakes Personal Injury Claimants Must Avoid

By Guest Author | August 13, 2021

If you get involved in an accident that causes you injury and pain, you have the legal right to seek compensation from the at-fault party’s insurance provider. With the help of a qualified personal injury lawyer, personal injury claimants stand an excellent chance of getting the compensation they deserve. However, some victims make mistakes that end up jeopardizing their personal injury claims. With insurers always working to ensure they only have to shell out as little money as possible—or not pay anything at all—for personal injury cases, injured parties must avoid the following mistakes, all of which can affect the outcome of their claim.

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Social Security Disability

How to Determine if You Qualify for Social Security Disability

By Guest Author | August 7, 2021

Suddenly becoming disabled due to a workplace injury or simply an unexpected illness can be a very difficult experience in a person’s life. Not only is the health aspect difficult to deal with but also the financial side as you may not be able to afford simple necessities anymore. However, if you are currently going through such a situation, the good news is that you do have options to make the circumstances a little easier. One of those includes going on social security disability. However, before you are accepted, you first need to qualify for it. So, the following includes further information on the requirements for qualifying for social security disability.

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Home with Multiple additions

Intro to Home Additions

By Tim McMahon | July 29, 2021

There are a few basic types of home additions catering to the needs of homeowners in terms of living area, affordability, and aesthetics. Home additions range from low-cost extensions to pricey full-size conventional expansions. If you need additional space, rather than moving to a bigger house, consider adding on to your home. It is a […]

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7 Dirty Tricks Insurance Companies will Play

Should You Say That? Tips for Talking to Insurance Companies After an Accident

By Tim McMahon | July 24, 2021

After a car accident, your insurance company and the insurance company of the other driver will ask for your version of the incident. Your version of the events will directly affect their findings and how much compensation you get. You don’t want to make a mistake by saying the wrong thing, but you also need to provide your statement. Learn the best tactics when talking to your insurance company after a car accident with these simple tips.

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Essential Car Maintenance Costs

Essential Car Maintenance Costs

By Tim McMahon | July 19, 2021

Although you may not need a personal vehicle if you live in a large city with public transportation, having a family vehicle is convenient and provides the independence necessary if you live outside the city. However, along with the benefits comes the responsibility (and cost) of maintaining the vehicle. That is why it’s advisable that you buy a family car that’s easy to maintain and has a good record of reliability. Nonetheless, if you own a family car, here are some of the essential maintenance costs you are most likely to incur at some point in time.

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Helping Children buy first home

How to Help Your Children Afford Their First Home

By Guest Author | July 12, 2021

Often, children leave the nest early so they can attend college or find jobs. Sometimes, they move out to simply learn how to become independent. Most of that time is spent in dormitories or apartments, but as your kids get older, they start thinking about buying their first home. Have you instilled a sense of good credit in your kids? Are they financially ready? Becoming a first-time homebuyer is the start of credit for many kids and this is something you start working on at an early age. Here are some guidelines and ideas to help them afford their first home.

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Enough Retirement Money

Planning Financially for Your Retirement

By Tim McMahon | July 6, 2021

Many people want to know exactly how much money they need to retire with. More important than an exact amount is knowing the right actions to take when financially planning for retirement. The average retirement period varies from 20 to 40 years, and you may have even less time to prepare. Here are 3 suggestions to plan for your financial future.

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Retirees with Mortgage

Make Your Mortgage More Affordable After Retirement

By Tim McMahon | July 6, 2021

One of the perks of retirement is no longer having to work. But that’s also one of the drawbacks because it often means living on a fixed income. Some bills, like electricity and insurance, are only going to keep going up despite your retirement. That doesn’t mean you can’t save money, though. Your mortgage is one area where you can have a more affordable payment each month.

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Budget Basics

A Beginner’s Guide to Managing Your Money

By Guest Author | July 5, 2021

Managing your money and finances can be difficult for anyone, especially if you are a beginner. Taking the time to manage your money better can really pay off and will prevent you from spending money unnecessarily. It can also help you to stay on top of all of your bills and pay off any debt that you may have. If you are looking to manage your money more efficiently, then here is a beginner’s guide to managing your money.

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Teach Your Kids about money

7 Essential Money Lessons to Teach Your Kids

By Tim McMahon | June 29, 2021

Since our schools don’t teach our kids about money, it falls upon parents’ shoulders to ensure their children are financially literate. That is why it is so important to teach these essential money lessons to your kids. Contrary to what some parents might think, it’s never too early to begin money lessons for kids. The […]

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Couples Savings Account

How New Couples Can Keep Their Savings Accounts Healthy

By Tim McMahon | June 23, 2021

Unfortunately, financial issues are the number one reason why couples get divorced. Finances and how you will handle them after you are married is a conversation you need to have before you get married. If not, it should be on the conversation table within the first few months of marriage. You need to know what your money habits will be in this new arrangement.

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