Parents

Parents of 18 year olds should know

Parents in the Dark with 18 Year Olds

Turning eighteen is a special time in life.  High school graduation, new job, and possibly college.  While your son or daughter may still seem like a “child” to you, turning eighteen brings about many legal changes for your newly-minted adult.  But, there are some things that parents of 18 year olds must know.  Parents of …

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minors and account beneficiaries

Not the Best Idea to List Minors as Account Beneficiaries

Parents of young children often wonder if it is the best idea list their minors as account beneficiaries. Usually, a parent will list the spouse as the main beneficiary, but would like to name children as a contingent beneficiary, in the event something happened to both parents. This practice of naming minors as account beneficiaries, along with a few others set forth below, will cause many unintended consequences.

Estate Planning

Do I Really Need Estate Planning?

Yes, you do need estate planning!  After all, I got into this area myself due to my own personal needs.  What’s more than that, I saw that my friends could benefit from it.  Most of us want to make plans and make things easier for our loved ones.  For more on Estate Planning based on …

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