The Importance of Having a Will

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Most recently, Prince joins a list of celebrities who died without a will. Tupac Shakur, Bob Marley, and so many other legendary musicians have passed without securing their estates.

It begs the question:  Why?

It seems like such a basic concept; everyone needs a will.  Otherwise the laws of the state you live in determine who receives your assets and controls your legacy after you die.  Without a will, you have no say in what happens, and the chances of a family fight increase dramatically.

Even though a will is relatively simple to create, studies consistently show that Continue reading

The Tax Benefits for Hiring Your Own Child

20150619000453-star-warsHow would you like to help your children develop a sense of responsibility and strong work ethic, while simultaneously letting them earn some money and save for college, all tax-free?

It’s possible. Kids fill our lives with joy, but they also fill our lives with tax benefits. Every child you claim as a dependent can lower your taxable income by $3,950. And the Child Tax Credit may save you another $1,000 per qualifying child if your income is less than Continue reading