Estate Planning

TOP 5 ACTION ITEMS FOR FAMILIES WITH MINOR CHILDREN

A Family Protection Planner’s Tips on Dealing with the Certainty of Death “Estate planning is for old people.” • “Estate planning is for the wealthy.” • “I’m not going to die young.” We’ve all said those words or heard them said before. These are misconceptions or justifications that we use to put off thinking about… Continue reading TOP 5 ACTION ITEMS FOR FAMILIES WITH MINOR CHILDREN

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Estate Planning

Pitfalls of DIY Estate Planning

There is no doubt that everyone loves a bargain when organizing their estate and giving instructions on the distribution of their worldly goods after death. Yes, you can write your wishes on a piece of paper or you can fill out some quick online forms and have either witnessed as a last will and testament… Continue reading Pitfalls of DIY Estate Planning

Estate Planning

Turning 18 brings big changes for young adults and their parents

How to be legally prepared for the new laws that affect you An 18th birthday opens new doors for minors and presents the independence of a fresh adulthood for children. Recognized as a young adult by almost every state in the union, these minors are finally legally able to vote, enter into contracts and make… Continue reading Turning 18 brings big changes for young adults and their parents

Estate Planning

Retirement- Things to Consider Beyond Savings

When a business owner thinks about retirement, he typically settles on one of two plans- sell the business or gift to his children. The choice between the two are usually very personal and will coincide with the goals of the business owner. For each option, there are different considerations, and necessitates the implementation of a… Continue reading Retirement- Things to Consider Beyond Savings

Estate Planning

Estate Planning & the Fiscal Cliff: What to expect if Congress and the White House do not reach a compromise.

Estate Planning & the Fiscal Cliff: What to expect if Congress and the White House do not reach a compromise. If you have been avidly following the fiscal cliff conversation between Congress and the White House, you will have realized that it is quite probable, even possible, that there will be no action taken to… Continue reading Estate Planning & the Fiscal Cliff: What to expect if Congress and the White House do not reach a compromise.

Estate Planning

Debunking the “Trust Administration Myth”

I just wrapped up my first trust administration and from this experience, this blog entry was born. Based on the questions asked by my client, I realized that many individuals out there are sorely uneducated about this process. Below is a brief explanation of this process.One of the primary misconceptions that I have encountered is… Continue reading Debunking the “Trust Administration Myth”

Estate Planning

Dusting the cobwebs on that “old” estate plan

Estate plan aren't created to be current throughout your lifetime. When drafted, they are based on the current climate of the estate tax laws and your own circumstances, with some flexibility built in. The changing legislative, economic and social times can have more of an effect on your existing estate plan than you think. This is why, if… Continue reading Dusting the cobwebs on that “old” estate plan