Child custody is a deeply emotional and legally intricate aspect of family law. When parents part ways, decisions about child custody can be challenging, affecting not only the parents but also the well-being of the children involved. In this blog post, we will delve into the various aspects of child custody, including types of custody, factors influencing custody decisions, and how parents can navigate this process with the best interests of their children at heart.
Types of Child Custody:
Estate planning is an uncomfortable subject for many. For the self-employed, the topic can be even more sensitive. Estate planning can be quite complicated when you own a business. There are business assets, business accounts, and the ever-looming threat of bankruptcy.
Health issues are another concern. Entrepreneurs are often unable to afford good health insurance or long-term care protection. Business assets are at risk if you become unable to work.
Business owners can also have a much larger estate tax burden. Minimizing these taxes requires thoughtful planning and expert guidance.
If you’re self-employed, consider these ideas regarding your estate planning:
1. Power of Attorney. For the more conventionally employed, all that’s usually needed is someone you can trust. For the self-employed, remember that the person with power of attorney will be making business decisions if you become incapable.
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