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 […]
Ask Shade About Trusts: My Salary Has Been Slashed, How Can I Give my Child the Best Education?
Dear Shade, I am a single mother and for the past 6 years, I have been raising my child alone. I vowed to do whatever I can to give my child the best of education so that she can achieve her dream of becoming a pilot. Due to the current COVID-19 pandemic, we had a pay-cut […]
Why Every Muslim Should Write A Will
If you are a Muslim and you have been uncertain about writing a Will, the below article would address some of your concerns as it would provide you with more clarity. The valid question which many Muslims ask themselves is, “does Islam support Muslims in writing Wills?” Yes, it does! There are inheritance guidelines laid […]
Myths and Truth About Will Writing
Myth: I’m too young to write a Will Fact: The legal age to write a Will is 18 years and above. Once an individual satisfies the age criteria and has the required mental capacity (must be of sound mind), he or she is eligible to write a Will. Myth: Will is for the rich guys […]
What You Need to Know About InCap Solution
What is The Incap Solution The Incap Solution is a service which helps one plan for the “in-between” situations where temporary or permanent incapacitation prevents him/her from making personal medical or financial decisions. Incap Solutions employ the use of Medical and Financial Power of Attorney. Why opt for the Incap Solution? It gives one the […]
ASK SHADE: My siblings are not happy I adopted a child
Dear Shade, I just turned 50 and decided to adopt a child since I never got married nor have a child. This 3-day-old baby is God’s gift to me and while I want to be around for a long time to see her go to the university and even get married, I know I cannot […]