Can You Have Too Much Life Insurance?
Everyone makes mistakes. Heck, I make them all the time! I’ve been doing a number of financial plans lately. Within each financial plan I review life insurance needs as a part of the risk management section. Lately I’ve found many very... Read More →
Why We Avoid Estate Planning
Have you thought about dying lately? Most of us don’t. However, my daughter had a close friend pass away recently. This shocking and unexpected event got me thinking about death and how fragile our time here really is. In fact, as a... Read More →
Why Your Beneficiaries Are Important
Who gets your stuff when you die? Can you remember who you listed as beneficiary on all your different accounts? Maybe you think you know, but you should review your beneficiary designations on all applicable accounts. That includes banks, brokerage accounts,... Read More →
Life Event – Death Of A Spouse
Dealing with the loss of a spouse is very difficult time for you and your family. You will be coping with lots of emotions and handling many complex financial decisions as well. You may have had a spouse that handled... Read More →
When You Die, Where Does Your Dough Go?
Have you ever wondered what happens to your money when you die? Investors over the years have told me that have it all worked out. “I’ve got a will, a trust and spoke to an attorney.” Often, those instructions were... Read More →
Trust Funds for the Not So Wealthy
You’ve probably heard of trust funds. You know, the accounts that the rich set up for passing wealth to their families, friends or favorite charities. However, most people don’t understand what they do or how they work. One really cool... Read More →
Do I Need A Living Trust?
Living Trusts are a common estate planning tool. The Living Trust’s primary purpose is to avoid the costs of probate and keep the deceased’s affairs private. Most people want the money that they’ve worked hard for all their lives to... Read More →
5 Killer Estate Planning Errors
In the 20 years of my career, I’ve seen many very sophisticated people who have made major mistakes with their estate plans. I frequently hear that they have their estate in order. After I do planning, I discover a plethora... Read More →