Blog Articles
How Naming Guardians For Your Kids In Your Will Can Leave Them At Risk
By 5 West Legal | | Estate Planning, Kids Protection Planning (KPP), Life Planning
If you are a mom or dad with children under the age of 18 at home, your number-one estate planning priority should be selecting and legally documenting both long and short-term guardians for your kids. Guardians are the people legally ...
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3 Reasons Why Transferring Ownership Of Your Home To Your Child Is A Bad Idea
By 5 West Legal | | Asset Protection, Estate Planning Mistakes, Life Planning
Whether it’s to qualify for Medicaid, avoid probate, or reduce your tax burden, transferring ownership of your home to your adult child during your lifetime may seem like a smart move. But in nearly all cases, it’s actually a huge ...
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Purchasing Life Insurance For Your Family: WHAT YOU NEED TO KNOW
By 5 West Legal | | Asset Protection, Enlightened Insurance, Family Financial Planning, Life Planning
Life insurance is a key component of your family’s estate plan, offering those who depend on you for their financial security a safety net in the event of your death. Whether those dependents include your spouse, children, aging parents, business ...
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Protect Your Children’s Inheritance With A Lifetime Asset Protection Trust
By 5 West Legal | | Asset Protection, Estate Planning
As a parent, you’re likely hoping to leave your children an inheritance. In fact, doing so may be one of the primary factors motivating your life’s work. But without taking the proper precautions, the wealth you pass on is at ...
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