Archive for October, 2009

3 Estate Planning Steps For Young Families

Sunday, October 11th, 2009

Dependent children require resources for health, maintenance, support and education. Some support is provided through guidance while other support requires money. Parents must provide both but what happens if the parents aren't there to provide either?The first step is crucial: have reasonable life insurance.Could you imagine raising someone else's child ...

What is a Probate Estate?

Saturday, October 10th, 2009

Probate estate refers to assets belonging to someone who has recently died. Probate is required in all 50 states unless inheritance assets are protected through a trust. The process is used to validate decedents' Wills, pay outstanding debts, and distribute assets to named beneficiaries.The process for transferring probate estate assets ...

Why You Need to Set Up a Living Trust Now

Friday, October 9th, 2009

A slow market is a good time to tidy up your personal affairs. In the past 6 months, five long time subscribers have died without any warning to speak of or long illness. Some of their lucky widows had no difficulty settling their estates because they had taken the time ...