Several estate planning threads run through Rain Man, including those related to trusts, beneficiaries, and how to plan for children who have very different personalities and needs.
Picture this: You are standing on a piece of land that has been in your family for generations and has been handed down through a trust.
A message for high school seniors: Financial planning is more important than ever for a generation that is struggling with high inflation and debt and has a tendency to prioritize spending over saving.
When your child turns 18, they are legally an adult and can make a will. Although this is one of the less glamorous aspects of being an adult, it can foster a sense of independence and control.
Estate planning is not just for the wealthy – or older adults, married couples, or any other single category of individual. Wills are beneficial for everyone.
Estate planning is not just for the wealthy – or older adults, married couples, or any other single category of individual. Wills are beneficial for everyone.
You may have spent decades building up your sports memorabilia collection. Maybe you have some rare cards and autographed pictures that have steadily gained value over the years, and now they are worth a significant amount of money. But are you protecting them in your estate plan?
The proceeds from your life insurance policy can benefit your loved ones in many ways, from paying off your outstanding debts to providing supplemental income for your spouse and children to covering funeral and burial expenses.
The proceeds from your life insurance policy can benefit your loved ones in many ways, from paying off your outstanding debts to providing supplemental income for your spouse and children to covering funeral and burial expenses.
A vacation property can be one of the most valuable things you can pass down to your loved ones, from both a sentimental and financial standpoint.