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 →
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 →
Sudden Wealth From An Inheritance?
In my previous article, Sudden Wealth from A Life Event?, I mentioned a huge number of life altering events that create sudden wealth. This article will focus on an Inheritance. When you inherit money it usually accompanies a very emotional... 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 →
April is Financial Literacy Month – Assemble a Financial Team
I was meeting with a client recently and discussing updating their financial plan. During that meeting I described my analysis of the financial planning data as a puzzle. Sometimes the puzzle just “fits”. Sometimes it gives me fits! In any... 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 →
Serious Family Illness? 4 Tips To Be Prepared
My wife just got out of the hospital this past week. She had a nasty infection that required IV antibiotics for seven days. We went through a lot during that week. During those long nights that I sat awake thinking,... 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 →