How to Enjoy the Holidays Without Wrecking Your Wallet
Does your usual holiday tradition involves overspending, swiping your credit card like it’s a magic wand, and starting the new year with financial regrets plus an empty bank account? If you’re sitting on this table, news flash! We are about to break it. This year, let’s rewrite the script. You can have a festive, memorable […]
Next of Kin vs. Beneficiary: Their Difference in Estate Planning
Next of Kin vs. Beneficiary; what’s the difference? Two essential terms in the world of estate planning are “next of kin” and “beneficiary.” While they are often used interchangeably, they play distinct roles in the legal and financial landscape. In this blog post, we will clarify the meaning of these terms, explore their differences, and […]
Ask Shade: I’m not Ready to Drop Out of School…
Dear Shade, I am an adopted child, and my parents are aged. My parents told me they invested a huge amount of money in my favourite uncle’s business, so he’d take care of my education in the event of their absence. Honestly, I didn’t have a problem with that until yesterday when a friend of […]
Ask Shade: Am I too young to have a Will?
Dear Shade, I am a 29-year-old software developer. Proudly, I tell computers what to do. I wouldn’t say I’m Elon Musk-rich, but to a certain extent, I’ve made some money and even acquired a few properties in my name. I had an accident that landed me in the hospital. Since then, I’ve been having this […]
Ask Shade: Help! My Late Father’s Brother is About to Sell His Properties
Dear Shade, My name is Kamsi, and I am an 18-year-old undergrad. We lost Dad six months ago and my uncles, Dad’s brothers, who used to be nice to us changed overnight. I still remember them issuing us a 3-week ultimatum to vacate our house so they could put it up for sale. My own […]
3 Smart Ways to Give Your Child/Ward The Best Education
Imagine the smile on the face of your child, looking directly at you, and wearing that beautiful school graduation gown- That look is priceless! One of the ultimate goals of most parents is to give their children/wards the best of education. The best education to an extent adds the icing on the cake to the […]
10 BENEFITS OF A COMPREHENSIVE POWER OF ATTORNEY
Powers of attorney are voluntary delegations of authority by the principal to the agent. The principal has not given up his or her own power to do these same functions, but rather has granted legal authority to the agent to perform various tasks on the principal’s behalf. A comprehensive power of attorney ensures someone you […]
5 Benefits of Having An Education Trust Fund for Your Children
A trust fund is a legal entity established for the purpose of holding assets for the benefit of specific people, or even for an organization. Children are frequent beneficiaries of trust funds because trust funds can safeguard your assets and make sure they are used for your children’s stewardship. How can a trust fund accomplish […]
7 Things A Valid Will Cannot Control
A legal will cannot—and thus does not—control everything. When it comes to estate planning, there are several types of documents that already name your designated beneficiaries. Thus, your will does not control: 1) Who receives your life insurance proceeds. If you’ve designated a beneficiary, the beneficiary gets the life insurance no matter what you may state in […]
7 Things A Valid Will Can Control
Valid last wills can provide for: Appointment of an executor of the estate. The executor should be someone you trust to administer the estate and follow what the will provides. The executor also pays the estate’s debts and taxes. He or she helps ensure that the beneficiaries receive what you wanted them to receive. Division […]
