As an aspiring business owner, the first thing you must do is decide what structure your business will have. Each structure comes with its own unique benefits and potential downsides. You must consider each carefully as you make your decision. An LLC is one of the...
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A life insurance-funded trust can protect your children’s future
Purchasing a life insurance policy to cover the expenses of your children's upbringing if you die while they are small is a good idea. However, minors cannot directly receive the payout, so the money will not be available until the court establishes their guardian....
Deciding who will be the administrator of an estate
After the death of a loved one, you and the other family members may have to decide who will take care of closing out the estate. This could happen even if there is a will that names someone for the role if that person is no longer available or decides he or she...