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1). Asset Protection - Who Needs to Protect Their Assets? America has often been referred to as a litigious society, meaning that we are prone to engaging in lawsuits for even the most frivolous of offenses. Ordinary people have been sued for anything and everything including: having wireless internet in their homes, not raking their front walkways, coughing in public, and giving bad reviews of former emp... 2). Estate Planning and Insurance Concerns When You Divorce If you are getting a divorce from your spouse, you have a lot of planning to do. You will need to name your own beneficiaries, organize your divided assets, and set up your individual estate. It is important that you meet with a qualified attorney to discuss the specifics of planning your estate to ensure that your wishes are carried ... 3). Is Your Special Needs Child Included in Your Estate Plan? You have undoubtedly made provisions for how your beneficiaries or guardians will handle your finances in the event of your death or disability. You’ve appointed a guardian for your young children and you’ve outlined instructions for how to handle your child’s education, finances and other expenses. Sure, you have a plan in place to provide for you... 4). Living Wills and Healthcare Power of Attorneys Help to Make Sure Your Wishes are Met No one can foresee problems that may arise should he become incapacitated. Yet, you can avoid negative consequences of unforeseen problems by creating Living Wills and Healthcare Power of Attorneys (HCPOA). Setting up a Living Will or HCPOA is a relatively simple task. The first step it to consult with an attorney that specializes in ... 5). Using Life Insurance Wisely Every family should have a life insurance policy on at least one of the financial providers. A policy should always be in place in case one of the primary breadwinners passes away so that the family will be able to support itself if no other source of income is available after the breadwinner dies. Estate or “Death” taxes can be as hi... 6). Will the Estate Tax Ever Go Away? The “Estate Tax” is the tax that the government puts on the assets that are transferred to your beneficiaries when you die. Taxable assets can include real estate, stocks, money in a bank account, and other valuable belongings. It does not look like the estate tax will permanently go away. However, with careful planning, you can reduce taxes substa...