When we think of leaving assets to our loved ones, invariably an outright distribution leaps to mind. However, while an outright distribution might be simplest, it is typically not the best manner in which to leave the assets. An outright distribution leaves the distribution vulnerable to many risks, including mismanagement by your loved one, attachment […]
Contrary to popular misconception, you don’t have to own a big house to have an estate. Source: ‘I Don’t Have An Estate. Why Do I Need An Estate Plan?’ | Forbes
To delay or get out of estate planning, people tell themselves all sorts of lies. Here are three lies people frequently tell themselves to delay, or avoid estate planning altogether. In your natural tendency to want to avoid contemplating your own demise, don’t convince yourself that they’re true. Source: 3 Lies People Tell Themselves About […]
What if I told you I’d found a way to protect your portfolio from this twitchy market without giving up big gains (and income)? My guess is you’d be interested—if a little skeptical. Source: 3 Big Dividends The IRS Can’t Touch | Forbes
When problems arise in an estate plan, often the source is a lack of clarity. Tom Petty died in 2017 and left a fortune estimated by Newsweek to be around $38 million. Petty did some things right, but he could have done better. Source: Clarity is Key to Planning
States are setting up government-run retirement plans to fill a vast “coverage gap” where workers aren’t offered 401(k)s on the job. In fact, that coverage gap has been vastly exaggerated. Most workers who need to save for retirement are offered a plan at work. Source: New Jersey “Secure Choice” Retirement Plans Fill a “Coverage Gap” […]
“Power of attorney” is one of those phrases — like “cold fusion” and “run a trace on that” — you hear somewhere, maybe an action movie, and everyone nods along, pretending they know what it means. Sure, you could probably sketch out a reasonable guess — it’s, um, like, a lawyer … who has power […]
Is Your Estate Plan Out Of Date? Probably (And Facebook Is Likely To Blame). Digital assets are changing the way we view and handle estate planning. Source: Is Your Estate Plan Out Of Date? Probably (And Facebook Is Likely To Blame)
These habits helped Paula Pant, founder of AffordAnything, and attorney Kevin Ha, founder of Financial Panther, achieve their financial goals. Find out how. Source: 5 habits that can make you rich | Haven Life
One of the biggest reasons to create an estate plan is to provide financial stability and support down the road for your surviving spouse, children and grandchildren.