Learn the basics of Estate Planning, including wills and probate, trust, beneficiary designations & taxes.

Financial Planning for the Divorced Woman: You are in Control!

Women need to understand their rights in a divorce “The impact a divorce has on women’s finances cannot be overstated. The financial literacy gap, the lack of involvement in long-term financial planning during their marriage, and their higher likelihood to end up in poverty place divorced women in a vulnerable position.” -Worthy.com If you’re a [...]

By |2021-10-26T15:59:12+00:00October 26th, 2021|Estate Planning|

Stop Identity Theft Before It Happens

In today’s world, especially the digital world, people constantly leave behind little pieces of themselves. These pieces, while small, are a part of a larger picture, your identity. Please do not underestimate the resourcefulness of identity thieves, and your trash might be their treasure. According to the Federal Trade Commission, over 800,000 identity theft cases [...]

Protecting Your Family’s Inheritance: Beneficiary-Controlled Trusts

In a perfect world, your will would be drawn up, your assets would be distributed in a timely, no-hassle fashion after your death, and your family would be immediately able to enjoy the financial legacy that you spent your life creating for them. Unfortunately, no one lives in a perfect world, but a beneficiary-controlled trust can help ensure that your children will have access to their inheritance in a way that is faster, and is legally protected longer-than some of the more traditional methods. A Beneficiary trust is long-term many states allow this type of trust to remain in perpetuities for at least a century, if not longer. A Beneficiary trust also maintains a structure that protects assets from creditors, false-heirs, ex-spouses, and any other potential beneficiaries and parties not named by the trust.

By |2021-10-18T16:44:58+00:00October 18th, 2021|Estate Planning|

Legacy Abitrage

Use Legacy Arbitrage to extend benefits to heirs Definition of 'Arbitrage' from Investopedia "The simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as [...]

By |2021-10-07T19:25:14+00:00October 7th, 2021|Estate Planning|

What Is Capital Preservation, And How Can You Achieve It?

"If you're approaching retirement and have a low risk tolerance, a capital preservation strategy may be your best option."- Jeff Kennedy People who are approaching retirement or are already retired typically find that their desire to take on more risk has lessened considerably. This aversion to risk is why many seniors choose more conservative investment [...]

By |2021-09-25T00:37:42+00:00September 25th, 2021|Estate Planning, Investing, Retirement Planning|

Should You Sell Your Home When You Retire?

"If you are at or near retirement, the thought of selling your home may have crossed your mind. Before you make that decision, though, you'd better spend some time considering the pros and cons."- Joe Uppleger. The sizzling hot housing market has many pre-retirees and retirees thinking about whether they should sell their current homes. [...]

By |2021-09-13T19:44:38+00:00September 8th, 2021|Estate Planning, Retirement Planning|

Questions & Answers Regarding Probate

Questions Regarding Probate Who is in charge of the probate process? The will names a personal representative who is responsible for overseeing the probate of an estate. A personal representative or executor may be a family member, friend, business associate, financial institution, or trust company. If the will designates no personal representative, the court appoints [...]

By |2021-09-06T14:46:22+00:00August 7th, 2021|Estate Planning|

Is It Possible To Save Too Much For Retirement?

Many individuals find themselves awash in cash for various reasons, including fear of market volatility and insecurity surrounding the pandemic. Diane Marra If you're like many Americans, pandemic lockdowns saw you decrease your spending and increase your savings. Now, though, you might be looking at your cash reserves and wondering if your portfolio is as [...]

By |2021-08-06T03:33:27+00:00August 6th, 2021|Estate Planning, Retirement Planning|

Business Succession

According to California-based exit planner Bill Black, "85% of small businesses have done no planning, leaving their families and employees at risk." In addition, survey after survey indicates that Baby Boomer and Genx business owners have done little to prepare for the day when they will no longer work in their businesses. Unfortunately, exiting a [...]

By |2021-07-30T20:55:56+00:00August 1st, 2021|Estate Planning, General Business|