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You know that your children are naturally your beneficiaries and expect to receive assets when you pass away. Estate planning is simply the process of figuring out how you want to divide those assets and making a guiding document to do so. But imagine that you have a...
Recently, we talked about various options for dealing with the family home during a divorce. Many couples also co-own rental properties. Determining how to handle a rental property can be a far less emotional decision but certainly an important financial one. Whether...
When couples marry, they often work out a contract known as a prenuptial agreement – or “prenup” for short. Essentially, a prenup protects a person's assets if there’s ever a need for divorce. In other words, there may be a guarantee on what assets or finances are...
The Internal Revenue Service (IRS) takes federal income tax obligations seriously. Even mistakes made because of an earnest misunderstanding of the law or a failure to apply new tax rules to someone's income tax return can result in financial penalties and...
Life is messy, and sometimes the things a person is dealing with when they die are left for their loved ones to deal with. For example, what if the deceased was facing criminal charges when they passed away? If a person who’s convicted of a crime is appealing that...