Want to Leave Your Retirement Account to Your Minor Child? Consider These Things First Your retirement account may be one of the most valuable things you own. Many people consider ...
Why You May Still Have to Open a Legal Probate Proceeding Probate is the legal process for recognizing the validity of a person’s will after their death and appointing the nominated ...
Goodness Gracious! What Jerry Lee Lewis’s Estate Plan Could Look Like Jerry Lee Lewis passed away in October 2022, leaving behind a long legacy, a large family, and a multimillion-dollar ...
Estate Planning Issues for the Modern Family As the name suggests, ABC’s TV show Modern Family depicts the relationships and experiences between a fictional extended family. Throughout the course of ...
Red Flags When Hiring a Professional to Be Your Trustee When you form a trust as part of your estate plan, one of the most important decisions you will make ...
Important Milestones You Can Incorporate in Your Estate Plan Life is full of contingencies. While some outcomes are relatively certain, other events are more difficult to predict. This uncertainty can ...
Three Tips for Overwhelmed Executors While it is an honor to be named an executor in a person’s will, it can often be a sobering and daunting responsibility. Being an ...
Will Our Child Have to Handle Multiple Trusts After Our Deaths? When a married couple creates an estate plan using a revocable living trust, they have the option of creating ...
Meat Loaf, whose real name was Michael Lee Aday, passed away earlier this year at the age of seventy-four. The singer behind 1977’s Bat Out of Hell—one of the best-selling albums of all time—experienced ups and downs befitting his larger-than-life persona. He hit bottom with his 1983 bankruptcy but rode a 1990s career rebirth to newfound financial success. The musician, actor, and producer’s net worth was estimated to be $40 million at the time of his death in January 2022.
Most Americans strive to earn a decent-sized paycheck to support themselves and their families when they go to work. Stay-at-home parents, however, work to provide valuable nonfinancial contributions to their families everyday. They make sure that the home runs smoothly and that their family members have what they need to be successful and happy. If something were to happen to the stay-at-home parent, how would the family’s needs be met?