While most parents have the best intentions when it comes to teaching their children about handling finances wisely, sometimes the lessons don’t take. In addition to concerns about spendthrift behavior, some children experience problems with substance abuse or have...
Cool Stuff
Robin Williams: A Lesson in Deeds, Not Words + One Error in Planning
This isn’t the most current information you can get from me today, but it may be the best reminder you can receive. So, I thought, since I haven’t written about Mr. Williams situation before now, it’d be a good time to do that. One of the most eloquent responses to...
Vacations Are the Perfect Time for Families to Talk About Estate Planning
If you are like most Americans, you will probably be spending at least some of your vacation time this summer with older family members. While there are few perfect times to talk with parents about their estate plan, the relaxed times you spend together on vacation...
Why DIY Estate Planning is a Bad Idea For the People You Love
America is a nation of do-it-yourselfers, but building a deck and creating a legally valid estate plan are two entirely different things – and a less-than-perfect deck won’t devastate your family’s financial future or the relationships among the people you care about...
A Prolonged Death Provides Lessons for the Living
Everyone agreed on one thing: Marlise Munoz was dead. The 33-year-old Texas wife, mother and paramedic got up in the night on Nov. 26, 2013, to tend to her toddler son and suffered a pulmonary embolism. Her husband Erick, also a paramedic, was able to briefly get...
The Perfect Solution for Choosing Your Child’s Guardian
If you have minor children and have not yet selected a guardian, you are not unlike many parents who put off this critically important task while waiting for the perfect solution to present itself. Or perhaps you and your spouse/partner cannot agree on who would be...
Important Life Insurance Considerations
If you have been responsible enough to purchase a life insurance policy as added protection for your loved ones, then you will want to carry that responsible action a little further by protecting that important payout from taxation. If you are married and have named...
5 Fast & Furious Estate Planning Lessons from Paul Walker’s Estate
Paul Walker, who starred in the Fast & Furious movie franchise, died tragically in a high speed car accident in Los Angeles last November at the age of 40. His estate was opened at the end of January in the Superior Court of California, County of Santa Barbara...
7 Steps for Effectively Managing an Inheritance
Research shows that a majority of baby boomers will receive an inheritance at some time during the lives, with the average inheritance estimated at almost $65,000. Should you be the recipient of family largesse, here are 7 steps you can take to be sure your...
Will Your Wealth Cause A Family Fight?
How to Avoid Family Conflict When Making an Estate Plan Unfortunately, money has a habit of bringing out the worst in people, even in the best of families. One of the most important reasons to get your estate plan handled is to keep your family out of conflict. And,...