The arrival of a new family member can make you feel like anything is possible. As you enjoy the precious moments, months, or years of taking care of a child, it’s easy to forget that they may not get the same care after you’re gone. Unfortunately, many children are in this position, suffering unintentional disinheritance simply because of outdated or …
The passing of a loved one often requires us to step into unfamiliar roles. If you have been named as the successor trustee of a living trust, you must understand that trust administration and estate administration are very different animals. Trusts often contain complicated language and legally-binding duties, and making a small error can result in large financial consequences for the trustee. …
This past week I had the pleasure of attending Wealth Counsel’s Symposium in Boston, Massachusetts. This annual conference brings together some of the best minds in the estate planning and business law field from around the country. This year’s conference featured some of the top experts in their fields. It was a fantastic experience and, respectfully stated, I’m smarter than …
Baby boomers know money isn’t the only important aspect of estate planning. A 2012 study released by the Allianz Life Insurance, Co. showed baby boomers wanted to leave their family more than just financial assets. Researchers found baby boomers identified family values as some of the most important things to pass down to heirs. In 2012’s economic climate, it’s no …
Who Gets Temporary Custody of Your Grandchildren If the Unthinkable Happens? As a grandparent, you focus your efforts on teaching your grandchildren the mischief they haven’t figured out for themselves and making special memories that will be passed onto their grandchildren. All the focus on the positive could let some of us lose sight (or avoid thinking about) emergency preparedness. …
