Wealth to me is not about money. I gauge my wealth on the relationships I have, the quality of time I am able to enjoy with my family, the level of joy and happiness I feel when I am able to provide experiences and special moments with my children. Yes, money does afford me the…
Continue reading…Category: Food for Thought
Spring Cleaning: Helpful Tools for Organization
Spring is notorious for being the season that is most associated with new beginnings and clean slates. The term “Spring Cleaning” is historically linked to a deep cleaning of one’s home, inside and out, due to the effects of Winter. Read more about the historical significance of spring cleaning here. However, Spring is also a…
Continue reading…Should I Do My Estate Planning Online???
Today’s technology allows us to access a gamut of information from the comfort of our homes or by simply pressing a quick button from our smartphones. We can even do our shopping by simply asking our “virtual assistants”, like Amazon’s Alexa or Google Play, to place an order. However, this quick and easy access to…
Continue reading…3 Steps to Prepare your Children for an Inheritance
How do you prepare your children to receive their inheritance? Your children receive their inheritance according to the directions you provide in your trust document. What if your children are not fiscally prepared to manage their inheritance? Talking to your children about your plan to include them in your in regard to their inheritance is…
Continue reading…The Thanksgiving Table Is The Perfect Forum To Discuss Estate Planning
In addition to expressing thanks for all that you have in this world, take the opportunity, while your loved ones are relegated to one table, to discuss, or at least investigate, the following topics that will surely give them pumpkin to talk about. Power of Attorney: Easy as pie to execute, a Power of…
Continue reading…Places That Will Take Care of Your Pet If Something Happens to You
Here’s how to make sure your pet never becomes an orphan. It’s currently estimated that only 9% of people with Wills include provisions for their cats, dogs, or exotic birds. And unless you already have a sibling or friend who’s explicitly pledged to look after Pawudrey Hepburn, that could leave your pet in limbo if something serious…
Continue reading…4 Vital Considerations for Incorporating Cryptocurrency into your Estate Plan
This week we discover the vastly popular, yet elusive, world of cryptocurrency and how it relates to your estate plan. Simply stated, cryptocurrency is a nontangible form of currency referred to as “tokens”. Cryptocurrency emerged around 2008, when Satoshi Nakamoto created Bitcoin, establishing the first form of cryptocurrency (link). The purpose behind this invention, was…
Continue reading…How to Find the Right Legacy Planning Attorney for You.
Legacy planning is much more than a configured documentation of your assets. It is both a personal and procedural preparation of your life requiring additional foresight and planning for beyond. Developing a solid estate plan requires a culmination of knowledge based on law, accounting, and a level of customization that only a good estate planning…
Continue reading…Estate Planning Is Dead
by Daniel Scott, Forbes July 26, 2018 Link to Original Article Estate planning is dead. Gone are the days of creating legal structures to hold your assets, pass your fortune on to the next generation and, of course, avoid paying estate taxes. Gone are the days of planning for your death. It’s time to plan for…
Continue reading…Celebrity Estate Planning Mistakes – UPDATE: Aretha Franklin Did Not Have a Will!
Large and complex estates are not always adequately planned for. The most recent example of this is the unfortunate passing of famous vocalist, Aretha Franklin. At 76, the singer’s illustrious career is left, vulnerable to the effects of probate, because no will or trust document was left to allocate her assets (link). Unfortunately, her heirs…
Continue reading…