Much of the damage caused by natural disasters is not covered by a standard homeowners policy. To fully protect your home and other property, you often need to purchase a separate policy or endorsement that covers specific types of natural disasters.
To help you get the proper coverage, Read my latest blog article, where I’ve highlighted the various types of insurance available and explained what these policies typically will—and won’t—cover.
Read MoreAs a parent, you’re likely hoping to leave your children an inheritance. In fact, doing so may be one of the primary factors motivating your life’s work. But without taking the proper precautions, the wealth you pass on is at serious risk of being accidentally lost or squandered due to common life events, such as divorce, serious debt, devastating illness, and unfortunate accidents.
In some cases, a sudden inheritance windfall can even wind up doing your kids more harm than good. Read my latest blog article, where I cover how to protect your children’s inheritance with a lifetime asset protection trust.
Last week, in part one of this series, we covered the first two ways DIY estate plans can fail, and this week, I’ve covered the remaining three:
Choosing the Wrong Executors or Trustees
Lost and Unclaimed Assets
Unforeseen Conflict Between Family Members
Read it now on our website!
Do a Google search for “digital wills” or “online estate planning,” and you’ll find dozens of different websites offering low-cost, do-it-yourself (DIY) and sometimes even free estate planning documents, such as wills, trusts, powers of attorney, and healthcare directives.
If you are a mom or dad with children under the age of 18 at home, your number-one estate planning priority should be selecting and legally documenting both long and short-term guardians for your kids. Guardians are the people legally named to care for your children in the event something happens to you.
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