Whether you are looking to ensure your children's safety and future, or dictate how much of your earnings go back into the tax system, writing a will is an essential action and we can all benefit from taking advice from a genius like Einstein here.
Transferring your home to your children is a clumsy method of trying to accomplish your estate-planning goals. Having counseled thousands of families , I can tell you that this well-intentioned transfer is more likely to do harm than good.
Parents would rather talk about pretty much any other part of their personal life than leaving behind their children. But when they finally do start talking, almost everyone has the same misconceptions.
October 2011, and people are finally raising one of the biggest parenting taboos there is: do parents play favorites among their kids? One kind of favoritism is clearly damaging well past childhood, and can even ripple through generations of families.
Ten years ago, I was a single law student, watching the Towers crumble with a group of complete strangers. I had no idea then, but these strangers taught me three of the most important aspects of protecting your child.