Adoption Network Cleveland’s Post

Talking early and often about your estate plan is important to avoid any unnecessary conflicts over family assets. And the conversation should be about more than just money... #estateplan #legacyplanning #generationalwealth #charitablegiving #wealthplanning

Financial education is a critical step toward sustainable homeownership, which is why we work with nonprofit organizations and HUD-certified housing counselors to expand accessible education in Native communities. See how our financial tools and resources are helping homebuyers like David #MakeHomePossible. https://bit.ly/3veUrG8

Talking early and often about your estate plan is important to avoid any unnecessary conflicts over family assets. And the conversation should be about more than just money... #estateplan #legacyplanning #generationalwealth #charitablegiving #wealthplanning

Living paycheck to paycheck means carefully planning every dollar to cover bills. But when something unexpected happens, like your car breaking down, you must decide whether to spend money you don't have to fix it or find another way to get to work. It's a tricky balancing act many face daily. UWTC is dedicated to helping ALICE families—those who are Asset Limited, Income Constrained and Employed. These hardworking families struggle to make ends meet and are often just one bad day away from everything falling apart. With your support, we can be there for them when they need it most. Together, we can change the course of these families' lives and create a community where everyone has the resources necessary not just to get by but to thrive. GET UNITED in our mission to support ALICE families and build a better future for everyone. Get involved at GetUnitedTarrant.org. #ALICE #GetUnited #GetUnitedForALICE #UWTarrant United For ALICE

Children can have a lot of hopes and expectations when it comes to their inheritance from their parents. However, there is absolutely no guarantee that they will get anything. Here are some reasons to temper expectations and live in the moment with your own funds. #therainslawfirm #purposefulplanning #legacyplanning #valuescenteredplanning #valuesbasedplanning #comprehensiveplanning #holisticplanning #thoughtfulplanning #multigenerationalplanning #estateplanning #trustsandestates #estateplan #estateplanningattorney #trusts #wills #willsandtrusts #inheritance https://lnkd.in/gUuKxtgj

🏠 Securing Your Family's Legacy: The Importance of Estate Planning 🏠 In a moving account, Mary Jenkins* shares her struggle to protect her family's home from care fees. After a lifetime of hard work, she now faces the possibility of losing her children's inheritance. Her experience underscores the critical need for proactive estate planning. Learn how you can preserve your assets and ensure your loved ones inherit what you've worked so hard to build. Discover strategies to safeguard your family's future: https://lnkd.in/d7Ep_WB5 #EstatePlanning #FinancialPlanning #Inheritance #LegacyPlanning #CareCosts

When it comes to creating an estate plan for your loved ones, especially non-spouse beneficiaries like children or grandchildren, there are several important factors to consider. First and foremost, it's crucial to clearly outline your wishes and intentions in a legally binding document such as a will or trust. This will ensure that your assets are distributed according to your wishes and that your loved ones are taken care of in the way you desire. Secondly, consider the age and financial responsibility of your beneficiaries. For minor children or young grandchildren, you may need to designate a guardian or establish a trust to manage their inheritance until they reach a certain age or level of maturity. For adult beneficiaries, think about their financial literacy and ability to handle a large sum of money. Additionally, take into account any special needs or circumstances of your beneficiaries. If any of your children or grandchildren have disabilities, you may need to set up a special needs trust to ensure they continue to receive necessary care and support. Lastly, regularly review and update your estate plan as your circumstances change. Life events such as marriages, divorces, births, and deaths can all impact your estate plan, so make sure to revisit it periodically to ensure it still reflects your wishes. By carefully considering these factors and working with a qualified estate planning attorney, you can create a comprehensive plan that provides for your non-spouse beneficiaries in the way you intend. #EstatePlanning #Beneficiaries #LegacyPlanning

😟Are you certain your family knows what assets you have? If something were to happen to you, could they find everything they need? 😳 If not, you’re not alone. Many people don’t have their finances organized for themselves, and certainly not for the loved ones they leave behind. Learn what happens to unknown assets (hint: it’s not good) and how you can make sure your money goes to your loved ones and isn’t lost. 💸 💻Link in bio! #timelessestateplanning #legacyplanning #family #estateplanning #RevocableLivingTrust #childprotection #beneficiaries #familyfirst #ducksinarow #inheritanceplanning #powerofattorney #familylawyer #medicaldecision #nevermissamonday #mondaymotivation #debtmanagement #financetips #inheritancelaw #estate #InheritanceManagement #ira #401k

Putting Family First: The Power of Forgiveness and Reconciliation during the Holidays #familyfirst #forgiveness #holidayseason #importanceoffamily #nurturingfamilyconnections #positivefamilydynamics #reconciliation

Are you planning on gifting assets to your children? In recent years, more people are considering gifts rather than leaving all their assets as an inheritance, especially during the cost of living crisis. But have you considered what would happen to your living legacy if your child's relationship breaks down? There are steps you can take to ensure your assets stay within the family in the event your child's relationship breaks down. Read today's blog, linked below, to learn more.