Franchise and multilevel marketing (MLM) businesses are often attractive because they offer people the chance to start a small business with a well-known brand and an established business model. However, these businesses present different types estate planning challenges because their rights and obligations are spelled out in contractual agreements. What Is a Franchise? When you purchase […]
Guardianship, also, referred to as conservatorship in some states, is a legal process, utilized when a person is not able to make or communicate safe or sound decisions about his/her person and/or property or has become susceptible to fraud or undue influence. A guardian is an individual who cares for someone, often a minor child, who […]
Setting money aside for your children’s or grandchildren’s college education is a great way to provide for their future, but sometimes there will be an excess. For example, your child may receive a large scholarship and will not need to use all the money you have saved, or your grandchild may choose a trade school that […]
According to the National Center for Education Statistics, in the 2018–2019 academic year, the average tuition and fees for a public four-year institution were $9,200; $35,800 for a private nonprofit four-year institution; $3,700 for a public two-year institution; and $18,400 for a private nonprofit two-year institution. If post-secondary education is in your family’s future, there are […]
July is National Sandwich Generation Month, a time to honor those who are caring for both their children and their aging parents. This topic is particularly germane at present, as many parents are not only parenting their children but have also spent the last few months homeschooling them. Older children who have lost their jobs or […]
After months in confinement in our homes, many of us are going stir-crazy and are very eager to travel to a vacation destination. Although some states have reopened, there are several precautions to consider while you make your travel plans. First, you should follow all recommendations issued by the Centers for Disease Control and Prevention (CDC) […]
When it comes to returning to school in the fall, the details may still be unknown. Will students be attending classes in person, or will classes continue to be online? Will college students be allowed on campus, or will they be staying home for the fall semester? One thing is certain: education will still be costly. […]
It is not uncommon for couples to enter into marital agreements stating what property is separately owned by each spouse and the property rights each spouse will have in the event of separation, divorce, or death. They are most common when one or both of the spouses is wealthy, owns a family business, or expects a […]
