Grimaldi Yeung Law Group Blogs
Protect Your Family With an Estate Plan
Documents are at the heart of your estate plan, but they have to be created with your unique situation in mind. Not having them, or not having the right ones, could put you and your children at risk, before and after your demise. Everyone over the age of 18 should...
Am I Too Young for a Will?
When most people in their 50s don't have a will, it's no surprise that people in their 20s and 30s don't think they need a will. However, they do, especially if they have small children.Most of us live for a long time, before we come in contact with the death of...
Blending Families? Be Mindful of Your Estate Plan
An estate plan is a perfect solution to making sure that your assets are passed on to your children from a prior marriage- if you make sure that is addressed in your estate plan. Here are some interesting statistics: the rate of remarriage has decreased over time for...
Business Owners, Professionals: You Need a Succession Plan and Time to Create It
Whether your prize assets are construction sites, acres of cropland or artwork, a business succession plan takes a lot of time to map out. Business plans are often by-products of good succession plans. Planning to hand over a business takes more than one meeting with...
If an Amazon CEO Doesn’t Need a Prenup, Do You?
He’s the richest man in the world and he doesn't have a prenuptial agreement. When Jeff and Mackenzie Bezos announced their divorce, people with far less wealth are wondering whether they need a prenup. Most couples are advised to have a prenuptial agreement before...
Getting Divorced? Recently Widowed? Avoid These Classic Mistakes
Despite gains in many areas, married women still choose traditional roles, when it comes to finances. When divorce is in the picture, that creates big problems, for the present and the future. The upheaval presented by divorce, and the probability that the woman will...
Dividing Heirlooms Among Family Members
When it comes to distributing your assets, investment accounts are easily divided. However, tangible assets, especially those with sentimental value, can become emotional lightning rods for families. Boomers are today confronting their own mortality, and that includes...
Do You Still Have US Savings Bonds?
Back in the day, U.S. Savings Bonds were a great way to celebrate milestones, like the birth of a child or a wedding. If you still have any savings bands sitting in a file or buried deep in the back of your safety deposit box, it may be time to cash them in. First...
Inherit an IRA? Deadlines and Options You’ll Need to Know
The last thing anyone wants to think about when coping with the loss of a loved one is the complex tax situation that an inherited IRA presents. A recent article from US News & World Report, "What Day of the Dead Can Teach Us About Inherited IRAs," says that we...