Property Ownership and Estate Planning

Rental income is a powerful way to build wealth. What will happen to all you have built if you were to become incapacitated, chose to resign, or died? Your estate plan will allow you to maintain control and avoid expensive chaos. You handle the details of your business in your own way, and you likelyContinue reading “Property Ownership and Estate Planning”

What Scares People Most About Planning Ahead?

Having spoken with hundreds of people on the topic of estate planning, I have learned that many people are afraid of the estate planning process for various reasons. We will explore some of those reasons and make some suggestions to let go of the fear, which is quite natural, considering some of the topics involvedContinue reading “What Scares People Most About Planning Ahead?”

How To Use Estate Planning to Move Your Life Forward

There are so many great self-help books out there. Many have great ideas on how to move your life forward, but when it comes to actually putting those ideas into practice, many of us let ourselves down. The Estate Planning process allows each of us to assess what we own, who we love, and theContinue reading “How To Use Estate Planning to Move Your Life Forward”

Get Ready to Meet the Estate Planning Attorney

What does your attorney need to see? Here is a list typically requested (I have asked many of my attorney colleagues to contribute, and your attorney may ask for other items, that’s ok). Current statements – bank, brokerage, retirement accounts – the values are just part of the information needed, so complete copies of theseContinue reading “Get Ready to Meet the Estate Planning Attorney”

Questions for the Estate Planning Attorney

Please tell me about your experience as an estate planning attorney or Of all the areas of law, why did you select estate planning? You’re listening for any mentoring received, any other areas of law, what this individual enjoys about the work, and if the attorney has had experience with litigation and trust administration. AttorneysContinue reading “Questions for the Estate Planning Attorney”

Imagine Yourself 40 years from now…

How old will you be then? How old will your children and grandchildren be? Where do you expect to be living? Same familiar home, or somewhere the care is provided? Will you still be driving your car, or will you have a driver? What other expectations do you have about this later time of life?Continue reading “Imagine Yourself 40 years from now…”

Maintaining Control – It’s Your Money

Many people have made the mistake of giving loved ones electronic access to bank accounts and other financial files. It’s smarter, and gives you more control, if you don’t grant access by sharing your password. Instead, you should exercise your power to choose the right people in your estate plan to serve you when youContinue reading “Maintaining Control – It’s Your Money”

Potential Tax Increases and Gift and Estate Tax Exemption Decrease

From time to time we get great summaries from Financial Advisors that we work with that preserve and grow our client’s assets. Here is one form Chris Radici, Financial Advisor at UBS, that we thought was really good: The House Ways and Means Committee has released the initial draft of the budget reconciliation bill DemocratsContinue reading “Potential Tax Increases and Gift and Estate Tax Exemption Decrease”

How to Find the Right Estate Planning Attorney for You

The relationship you develop with the estate planning attorney will be critical to the efficacy of the resulting plan, and you will want to be able to update your documents over time, as your life grows and changes. You are the creator, or Trustor, of the trust, so it is up to you to selectContinue reading “How to Find the Right Estate Planning Attorney for You”