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14 Sep

The Basics of Estate Planning

draft_lens6229982module49470302photo_1249598396business-manToo often, the need for the most basic estate-planning documents is overlooked or misunderstood. While many people would admit they should have a will, 50 percent of Americans with children and 41 percent of baby boomers age 55 to 64 don’t have one, according to a survey from online legal services company RocketLawyer.com. If you want to stay in control of your money and medical decisions until the end, here are the five most important estate-planning documents you need to have. read more

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12 Sep

Who Gets What?

Senior Couple on Computer - VerticalThe murkiest part of estate planning is discussing when and how to distribute your assets to your heirs. This process requires a series of considerations and trade-offs to avoid emotion-laden family problems… when it comes to these issues, things get gray because emotional factors drive decisions now. There is no correct answer on how to distribute your estate. read more

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09 Sep

Where There’s a Will …

6a01b8d0a6271d970c01b7c7cc7b7b970b-320wiThere are a multitude of mistakes that people make when it comes to putting together their wills.  These include naming of executors and custodians, trying to write their own wills, and not considering items such as liquidity. One of the colossal failures in estate planning I witness when people make their wills is not coordinating the will with the overall beneficiary designations they have chosen. read more

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07 Sep

Just One Question: What is Estate Planning?

6a01b8d0a6271d970c01b7c7c93159970b-500piWhat is estate planning? Do you think it is only for the rich? One of the greatest gifts you can leave your loved ones is an organized estate. The time that you spend now will help your loved ones cope later, and ensure your wishes are carried out. An estate is all the rights, titles and interests that a person (living or deceased) has in any property. Estate planning is the process of planning for the accumulation, conservation and distribution of an estate to effectively and efficiently accomplish tax and non-tax objectives. read more

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05 Sep

Estate Planning Lessons from Hollywood

6a01b8d0a6271d970c01b7c7cc7927970b-500piCelebrities seem to live a charmed life, but for all the advice they can buy, they’re still not immune to estate planning issues and the consequences of ignorance and bad planning. Several recent celebrity estate issues in the news highlight how important it is to plan ahead and get professional advice when setting up your estate plans. read more

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02 Sep

Keep Up Financially with the Changing Seasons

MP900262644As the summer comes to an end and we head into the fall, a parallel can be drawn between the seasons of weather and the seasons of money. Just as you have spring, summer, fall and winter, there are four financial seasons of life that include accumulation, preservation, distribution and succession. Approaching your finances with these four seasons in mind can help to keep you on track toward reaching your long-term financial goals. read more

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01 Sep
31 Aug

Over 70% of Elvis Presley’s Estate Paid in Taxes & Fees: How Can You Avoid the Same Trap?

Money walletDid you know that the legendary singer and actor, Elvis Presley, earned over a billion dollars throughout his somewhat short career? That’s billion – with a B. However, when the “King of Rock & Roll” died in 1977, his estate’s net worth was only $10 million. 

Of that, over 70% went to pay taxes and fees. That left someone who had earned over a billion dollars with only about $3 million (this time with an M) in the end. So, where did the money go and, more importantly, how can you avoid the same trap? read more

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29 Aug
26 Aug

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