Marys Community Corner

When was the last time you met with your team of professionals to help you with a key decision? If you're like many people, you may be thinking “What team of professionals?” Like many people, you probably handle the running of the assets yourself. Still, it is possible to make more efficient and profitable decisions by utilizing a team of professionals who can consult and guide you in the management of your assets. The trick is to seek out team members for the long term –– to build relationships with professionals who will understand your situations and needs on an ongoing basis. Special bonus: Many of these professionals are also confront many of the same issues as you do. If you are a business owner or are in business for yourself then seeking the support of a team can take even more weight off your shoulders. Here are four key players: Attorney : You may prefer an attorney who specializes in the needs estate planning and business ownership and can consult with you on topics suc...

A will is one of the most important documents you can create in your lifetime. Think of a will as the financial blueprint of the distribution of your assets after your death. Your will can clearly state who will be guardian of your minor children, who will inherit your assets, when they will inherit your assets, and any conditions that must be met for them to receive your assets. If you die without a valid will, the court does not have your instructions to follow. Therefore, it has no way of knowing how you may have wanted to distribute your assets. The state where you lived steps in and makes the decisions for you, according to the distribution schedule set forth in its intestacy statutes. The state’s decisions may or may not conform to your wishes, or to what is best for the people closest to you. Also, your loved ones will likely have to hire an attorney and incur delays to determine who will receive your assets. Common Misconceptions Myth: “My assets are so small that a will is not...