
When Is a Family Limited Partnership Needed?
You don’t have to be ultra-wealthy for a family limited partnership to make sense.
You don’t have to be ultra-wealthy for a family limited partnership to make sense.
Losing your spouse can be a critical moment in your life, during which you’ll need support from friends and family and plenty of time to heal. You’ll also want to rally a trusted team of experts who can help a new widow through new and probably unwelcome territory.
You and your spouse may visit the same primary doctor, financial advisor and tax preparer. However, what about preparing your wills?
As people age, health and mobility issues can make independent living at home more difficult. However, not everyone can afford a nursing home or assisted living, and not everyone wants to move to one of these facilities.
Will there be changes in your circumstances or your family that should lead to a review of your plan? Could some events cause you to need to revise or update the plan?
My 87-year-old mom is relocating to live with us. I’m excited to have her but getting overwhelmed at the thought of finding her all new doctors—setting up those introductory appointments and doing all the new insurance paperwork. How can I make sure I don’t miss anything?
Adult children may anticipate, but are not legally entitled, to an inheritance.
A love for nursing and a desire to help young people prompted a Norfolk man to include a nursing scholarship at Northeast Community College in his estate planning.
You might be surprised at how many questions arise surrounding financial issues, legal arrangements and lifestyle choices.