Most estate planning articles focus on either the individual or the married couple. What about businesses, though? After all, they don’t always last forever either. Indeed, if you own a very small business or a sole proprietorship, it may die along with you. Is that what you want? And if so, what happens to the… Read More »
Blog Posts Page 8
Passing Assets to Kids Wisely Means Teaching Them Well Now
You want the best for your kids, and that means making sure they’re well cared for (financially speaking) in the event that something unexpectedly happens to their parents. But kids aren’t exactly known for their financial wherewithal. For that matter, neither are young adults (or even not-so-young adults). So how can you ensure that your… Read More »
When to Estate Plan? ASAP. Pronto. Today.
TIME’s Money Magazine is trying to get your attention. So are we. Our headline is a riff on theirs: “You Need to Do Your Estate Planning Now. I Mean Right Now. Immediately.” TIME contributor and certified financial planner Frank Paré just learned a hard lesson when one of his clients passed away without any warning… Read More »
Some Surprising Estate Planning Statistics
Fox Business is takings its viewers to task for procrastination. “So you consider yourself a planner, do you?” they ask. “You may have your annual checkups booked through December… and a family calendar color-coded to the T. But getting your estate plans settled? Not so much.” Sadly, they’re right. It is a long-standing fact in… Read More »
Lessons Learned from Paul Newman’s Estate Plan
Healthy foods, charitable donations, non-profit foundations, a tribute to a beloved actor — these are all good things. So why is Paul Newman’s estate causing such a hullabaloo, some eight years after he passed away? As WealthManagement.com reports, the Newman family recently complained in Vanity Fair that Newman’s Own is being mismanaged in its namesake’s… Read More »
Young People Need Estate Planning Too
Tragedy sometimes begets rumination. Forbes columnist Tania Brown recently reflected on the loss of several young lives in the headlines lately and began to wonder what their estate plans might have looked like. Did they even have estate plans at all? View image | gettyimages.com Unfortunately, there is a misconception among American youth that wills… Read More »