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.

Using Credit Cards Can Make Or Break Your Financial Situation

By Guest Author | November 10, 2012

Credit cards often come up in discussions about money among friends and family. Some people swear that credit cards have great financial benefits and others stay away from them at all costs. The truth is that credit cards can be part of a good financial plan if used properly, but poor use can be detrimental […]

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The Costs of Commuting

By Guest Author | November 9, 2012

Many people consider a commute to be a part of life, but the truth is that it’s costing you more than just the gas it takes. There are costs to commuting that you don’t necessarily think of, but they’re adding up every day you drive a long way or sit in traffic trying to get […]

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Tips to Rebuild Good Credit and Your Financial Independence

By Guest Author | November 8, 2012

Whether you have recently filed for bankruptcy or are just looking to build up your credit after some bad debt in the past, there are various paths you can pursue. Keep in mind that it will take some time to rebuild good credit, but you will get through it. Many companies are out there to […]

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Don’t Cut Back Here- Where Saving Money Can Cost You

By Guest Author | November 7, 2012

Families today are watching every dime they spend, and some are making rather drastic reductions in an effort to save money. While some budget cuts can be beneficial and can ease the burden of financial stress, “saving money” in certain areas now may actually cost you money in the long run. Here are four key areas that […]

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Introduction to Car Financing

By Guest Author | November 6, 2012

Car financing is a rather broad topic, which deals with various economic ways to allow someone to buy a car, without having to pay the whole price at once but to pay the sum over time, in equal monthly installments, plus the interest that is applied on the overall amount of money. It is used […]

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How Much Should Your Family Emergency Fund Be?

By Guest Author | November 5, 2012

A solid emergency fund is the base of any successful financial plan. However, many households don’t understand how to set up a proper emergency fund. This can get them in real trouble when they face a surprise expense. Before you start putting money aside for long-term goals like retirement and college expenses, you should make […]

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Overspending Solutions- Government and Personal Debt

By Guest Author | November 4, 2012

Government vs. Personal Debt- It is easy to say, “Expect the unexpected.” Tell that to the famous financial institutions that were either swallowed up or disappeared completely during the crisis created by Collateralized Debt Obligations (CDOs) a few years ago. Not only did the bosses not see the problems coming but the staff were astonished […]

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Living Your Dreams: Five Benefits to Preparing for Retirement Now

By Guest Author | November 3, 2012

Retirement can be a fun and rewarding phase of life, if you prepare for it correctly. Perhaps it was that hippie philosophy of just “chilling and taking one day at a time” but unfortunately, there are tens of thousands of older individuals that simply didn’t properly anticipate the next stage of life.   So many of them will […]

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How to Start Your Credit History

By Guest Author | November 2, 2012

Jump Start Your Credit History You know you need a good credit history if you want to apply for a loan or credit card, but if you are just starting out and haven’t developed a credit history this can be hard to do. In some cases, having no credit is almost the same as having bad […]

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Pros and Cons of Online Mortgage Calculators

By Guest Author | November 1, 2012

Online mortgage calculators are widely used by home buyers today. If you are planning buy your next house, you should use these tools to determine how much you can fork out for your next house. This is not to say that the use of online mortgage calculators is flawless – they have their advantages and […]

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The Differences Between Term and Whole-Life Insurance

By Guest Author | October 31, 2012

Many people often struggle to decide which is better for them: Term Life Insurance or Whole-Life Insurance. Both policies exist to serve specific purposes. Term life insurance is simply life coverage only. When the insured person dies, the face amount of the policy is paid out to the main beneficiary. A term life policy can […]

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First Time Home Buyers Need Budgeting Skills

By Guest Author | October 30, 2012

Tough Financial Times Are Taking Their Toll On Younger Households With households all over the country feeling the pinch of the ever-increasing costs of living, it appears that the tough financial times are taking their toll on younger households. Despite the mortgage stress being felt by the first time home buyer market, analysts say the […]

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