"Estate planning discussions do not need to be dramatic or formal," TrustCounsel of Florida states. The discussions can begin with simple questions: If something happened to one of us, would the other have clear authority to act? Do we agree on how assets should be...
While financial advisors often recommend a charitable vehicle for their philanthropic clients as part of their overall wealth management strategy, an article in foundationsource.com notes that donors have different "giving styles". As Indiana estate planning...
In the Kiplinger Morning Consult survey, 73% of parents said they intend to leave the same amount to each of their kids, but just 50% of adult children preferred that approach. In fact, one-third of adult children expect an inheritance to create conflict with their...
"Health care costs today affect wealth transfer tomorrow," a Nationwide article cautions wealth advisors. "Though a great generational wealth transfer is coming, health care spending could diminish what loved ones receive." As they enter their retirement...
"Less stress leads to better sleep, improved health, and a greater sense of security. And, at its core, estate planning is about reducing stress", North Carolina estate planning and elder law attorney Greg McIntyre observes. "While most people associate estate...
My financial planner friends called my attention to a curious headline in Financial Advisor Magazine: "How Student Loans Became Part of Estate Planning". The premise underlying the title: "Under the loan provisions of the One Big Beautiful Bill Act, signed...
An adult child being suddenly thrust into caring for an aging parent is a stressful enough situation, but it often pales in comparison with what can come next, an article in Financial Advisor Magazine points out. That's because after the parent dies, what started...
Last week in our Geyer Legal blog, Cara Chittenden talked about the advantages of having family conferences which not only allow younger family members meet the members of their parents' advisory team, but also allow the parents and grandparents to openly share...
A charitable giving strategy might be a new concept for many individuals, certified financial planner Jalene Hahn writes in the Indianapolis Business Journal. While Vanguard Charitable found that three quarters of American adults donate money each year to a charity,...
"High-net worth families make attractive targets for criminals," Dyezz Risk (Texas-based advisors to family offices) observes. It's not just Texas, and it's not just high-net worth individuals - charitable scams are rising worldwide (as the Australian government...
