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If you are contemplating saving money by creating your own will, you should consider the risks that you are taking by doing so. Creating your own estate planning documents may be cheaper, but a simple mistake may cost you and your loved ones a lot more in the long run. Here are three reasons you [...]
Is financial security at the top of your priority list? If so, life insurance is a great way to expand and protect your assets. Having life insurance has several valuable advantages. Advantages to having a life insurance policy: * Access to cash: Life insurance policies offer flexibility and less restriction than other assets when it [...]
The death of a parent is devastating, and each individual has their own way of grieving and coping with such a loss. As if these emotions aren’t enough, then comes the will and inheritance to complicate things. Research from Ameriprise has shown that 70% of sibling conflict arises over issues similar to inheritance, with [...]
A whopping 60 percent of Americans are not prepared with an estate plan if something happens to them. It is understandable that planning for death is never an easy task, but the consequences that could come from not having a will are much greater. Here are some of the most common excuses why people don’t [...]
In today’s society, we get so caught up in the hustle and bustle of balancing work life and home life that we sometimes forget what is truly important. While it is fun to live “in the moment” and enjoy life as it comes, sometimes we must plan ahead for ourselves and those we love. One [...]
One of our areas of expertise at Thornton Law Firm is estate planning. Having an estate plan is an essential part of being proactive when it comes to you and your family’s future. Death is not something we can predict, and it is better to have a plan in place than to leave such important [...]
Guardianship: The Topic All Parents Should Discuss As parents, one of our most prized “possessions” are our children. They steal our hearts from the day they are born and we put them at the top of our priority list. We pride ourselves in taking the best care of them. One thing that is often overlooked, [...]
Having an estate plan is something that everyone needs, no matter their age or social status. Sometimes we forget that an estate plans need to be updated and revised several times during one’s lifetime. I usually recommend that you review your estate plan once a year to see if updates should be made. There are [...]
When starting a small business there are many decisions to be made. One decision is which type of entity to establish. This is a decision that should be taken seriously as there are very real legal and financial implications involved. The type of business entity chosen will determine many factors including: the amount of taxes [...]
An estate plan determines what will happen to your property and assets when you die or can no longer manage your own affairs. It can be confusing and time consuming but is very important to have and can make a difficult time less stressful for those you leave behind. Here are four common items that [...]