How to Keep Wealth in Your Family for Generations
Blog Summary: Building generational wealth isn’t just about smart investments. It requires a fundamental shift in how you think about inheritance, educate your children about money, and plan for the long term. Read more… Many families focus on building wealth, but fewer think about keeping it. Resea
Treating Children Fairly Does Not Necessarily Mean Equally
Parents generally try to treat all their children fairly. We often assume that fairness means leaving an equal inheritance to each child. However, “fair” does not always mean “equal.” A thoughtful estate plan considers each child’s unique circumstances to create distributions that truly support thei
Avoid These Common and Expensive Mistakes: How to Leave Assets to Minor Children
You love your children and want to ensure that they are always taken care of. The desire to provide for them may also be shared by their grandparents, aunts, and uncles. However, when leaving money and property to minor children, even the best intentions can lead to big problems. Common mistakes can
Do I Need a Will or a Trust?
Yes, everyone needs a will, a trust, or both. These important tools ensure that your legacy will be carried out according to your wishes and allow you to provide for loved ones after your passing. A properly prepared trust can also help avoid probate, which is a lengthy, public, and often expensive
Estate Planning Truths: Debunking Common Misconceptions
Estate planning often feels complex, leading many people to rely on assumptions that can have devastating consequences for their loved ones and their legacy. From who can make decisions for you to whether you need an estate plan, common myths can stand between you and a secure future. Let’s debunk t
When a Trustee Becomes a Burden: Knowing When to Fire Them
The title of trustee implies that this position should be held by someone you find trustworthy, and for good reason. Serving as a trustee of a trust carries significant responsibility and duty not just to you as the trust’s creator but also to the beneficiaries who depend on accurate, faithful admin
12 Estate Planning Blunders You Cannot Afford to Make
12 Estate Planning Blunders You Cannot Afford to Make Many people believe that a simple will is all they need to accomplish their goals for the future. However, a flawed estate plan can create just as many headaches, heartaches, and expenses for your loved ones as having no plan. Life changes, laws
3 Simple Ways to Avoid Probate Costs
The bad news: When a person dies owning property in their sole name without a beneficiary, their loved ones will have to go through a court-supervised process called probate to transfer the property out of the deceased person’s name and into the name of intended beneficiaries or heirs at law. Going
While You Are Working on Your Golf Game, Don’t Forget to Work on Your Estate Plan
The course stretches out around you, lush and perfectly manicured. You step up to the ball, take a few practice swings, and inhale the morning air. It is a shot you have made hundreds of times—but, as with golf and your estate plan, there’s no guarantee you’ll get it right every time. Golf, like lif
How to Choose a Conservator for Yourself
Every day we make hundreds of decisions for ourselves—from what to eat for breakfast to where to vacation. But what happens if you cannot make decisions for yourself? Appointing a conservator for yourself means deciding who you want making day-to-day decisions on your behalf. If you have recently cr