Day: December 6, 2022

Mistakes Parents Make When Passing Their Wealth onto Children

Johnnie Puerto Rico

As a parent, you want to make sure that your children are well taken care of, throughout your own life and afterward. When you pass your wealth to your children, you want to make sure that you go about it in the right way. This will help you to protect your family and ensure that your generational wealth will continue into the future. Favoring One Child Over Another When you are leaving money to your children, you want to be as fair as possible. While you may have a better…

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Financial Issues You Should Think About Before Getting Married

Johnnie Puerto Rico

Finding the one person you want to spend the rest of your life with is an incredible experience and something to be excited about. However, you need to leave room for some practicality among all that excitement. Before you get married, it’s important to talk with your future spouse about finances.  Combining Finances  After getting married, most people will combine their finances and this can look different for everyone. Some people combine all their finances (bank accounts, credit cards, loans, etc.), while some will only combine a portion. Your first…

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