Gig Harbor Estate Planning And Probate Blog

Your estate plan is what your loved ones will follow to distribute your assets when you pass away, but there are other points that you must include in it. All adults, regardless of age or wealth status, should have a plan in place.

Thinking about what you want to happen when you aren't here any longer might not be a pleasant experience, but you can take away a lot of stress from your family members if you have everything in order.

Starting a business is the American dream. As your own boss, you get to call all the shots. Not to mention the fact that you have more control of your personal growth, professional growth and income.

It's critical to take these five steps when starting your first business:

• Do your research: From your local market to the industry as a whole, make sure you understand what you're getting into if you start a business. For example, you may find that your local market is saturated with similar businesses, which may cause you to shift gears.
• Review your finances: Regardless of the type of business you're starting, it's going to cost you money. Review your finances to better understand how you'll pay for startup costs, as well as the expenses you may run into in the future. Also, consider if you'll need to take out a loan or raise money in a different manner.
• Create a business plan: It doesn't sound exciting, but many entrepreneurs find themselves enjoying the process. This gives you the opportunity to plan out the finer details of your business, ranging from your responsibilities to who you need to hire to how you'll spend your money.
• Choose a business structure: Will you incorporate? Is an LLC the right structure? How about a partnership? Will you remain a sole proprietor for the time being? There are pros and cons of each type of business structure, so compare all the necessary details.
• Choose a location: Depending on the type of business, you may decide to work from home. If that doesn't suit you, it's time to work with a local real estate agent or broker to find office space in your desired area.

You always hoped you could be a "good" neighbor and get along with the people who lived near you. For a while, it worked. You loved your neighborhood and you seemed to click with everyone. It made your life fairly stress-free, which you enjoyed.

Then a family next door moved out and you got new neighbors. They hadn't been there a month before you had a serious problem on your hands: They built a fence on your property.

Caring for a special needs child is challenging for all parents. Unfortunately, this sometimes means that the parents will divorce. As difficult as ending a marriage is in even the best of circumstances, it is even worse when the parents have a child who has complex emotional and physical challenges.

Financial planning and medical care planning are challenging for parents of special needs children. When you create an estate plan, these matters must be covered to help the individuals who care for your kids when you aren't able to.