If you have a business, drafting contracts will be an essential part of creating business relationships. Business contracts should be written in a way that protects your interests while at the same time enabling the relationship to be beneficial for both parties.
You have a child with special needs. You provide support and assistance right now, but you are very conscious of the fact that your child will need extra help when you pass away. You're considering leaving them the bulk of your money in your will, knowing your other children will understand.
Dividing up the family unit is undoubtedly one of the toughest aspects of divorce. No parent wants to have to tell their child that they will no longer live with both parents. The process of explaining divorce to your child will vary according to the child's age. Similarly, the way that you approach child custody should be in accordance with the child's age, too.
When starting to think about estate planning, you will likely come to realize the importance of wealth protection. When wealth is not protected strategically, it can become subject to high tax rates at the end of your lifetime. Additionally, assets can be vulnerable to losses if poor financial decisions are made regarding other assets.