Financial planning is when you develop a plan for your money. Financial planning is the process of determining what your goals are and how you can reach those goals with your money, usually through investments. In some cases, people hire financial planners to help them. Financial planners may have a variety of credentials and may work on a fee-only basis or for a commission. Learn some financial planning tips here.
Can We Switch Inheritances?
Can we switch inheritances? Two brothers don't want to share the two properties they inherited. They'd rather switch inheritances, so that each brother inherits a separate property. Can the estate handle this? Inheritances Can Be Complicated Q: My brother and I inherited two houses upon my father's death. We each share half interest in each [...]
Revocable vs Irrevocable Trust: Which is Better
Revocable vs irrevocable trust: which is better. The difference between revocable and irrevocable trusts and the purpose each serves in estate planning. Q: I am divorced and have two grown daughters. I am placing my house in a trust. My attorney is recommending an irrevocable trust. Which do you prefer, revocable or irrevocable and why? [...]
3 Tips for Financial Success in 2020
3 tips for financial success in 2020. Make improving your financial wellness and preparing for an economic downturn a top priority this year, here's why. How Are Your Personal Finances Doing? How Much Have They Changed Over the Past 10 Years? Overall, average income hasn’t increased much over the past ten years, while home values [...]