New property owners may be required to join a homeowners’ association after purchasing a home. The goal of an HOA is, broadly, for homeowners to create a community together and to offer some level of regulation and conformity. For example, an HOA may have standards...
If you live in a Homeowners Association (HOA), then you have agreed to let them set certain rules and restrictions. There could be public areas, such as pools or recreational areas, where the HOA sets up rules and regulations that you have to follow. They may also...
Most parents leave their assets to their children. Whether you intend to do that or not, it is what most people expect, so it is worth discussing things with them either way. Here are some of the advantages of such conversations: They can put in any special requests...
If you are starting a business for the first time, it is easy to let the positive thinking go a little too far. While you certainly need a positive mindset to surmount all the challenges that will come your way, you need to accept that sometimes challenges cannot be...
Homeowners’ associations (HOAs) can provide many benefits. Homeowners that choose to move into a planned neighborhood or condominium complex that is part of an HOA often enjoy various community benefits, including groomed landscaping, access to golf courses, pools,...
The moment your child is born, any prior estate plan you may have is out of date. If you haven’t yet made an estate plan, now is the ideal time to do it because your child's future well-being could come to depend on it. Every day people lose their life when they least...
If you have not made an estate plan, you might assume that most other people you know have. Unfortunately, you’d be wrong. A recent study found that 67% of adults have not yet made theirs either. So, where does this collective failure to plan for the future come come...
There are many estate planning options available. One you might not have heard of is called a dynasty trust. This is a way of passing your assets to future generations while shielding those assets from tax liabilities. It’s a tool that tends to be used more by...
As a parent making your estate plan brings extra responsibilities, you need to name a guardian to raise your children if you pass away before they become adults and think about how your assets can help pay for their upbringing. Yet, what if your children are already...
When you appoint an executor of your will, you hope not to need them for a long time. A lot can change in a year, let alone a few decades, so do you need to tell your executor when things change? Or can you just leave them to work it all out when you die? It’s up to...