Different generations can have different approaches when it comes to estate planning, and it’s important to invite your advisors to critique your planning to be sure all aspects are covered.
Comforting ciients who’ve lost a loved one is challenging, but it is important to help others cope with grief.
Estate planning considers three things – heirs’ needs, your own situation, and taxes. There are also 4 components and five advisors who need to be involved.
Because of the financial considerations of continuing care, planning a move even years into the future, should be part of the estate planning process early on.
With increased estimates of life expectancy, estate planning becomes a whole new ballgame….
Business planning and estate planning are inevitably intertwined. In addition to selecting the correct business entity, there are many other important decisions to be made upfront.
Grandparents who took out student loans to help children or grandchildren – or adults who borrowed to pay for education after being displaced during the recession are now faced with the possibility of dying with the loans still unpaid. Some loans will be discharged on death; for others, life insurance can fund the repayments.
“Divorce is not easy. It’s not only a difficult time emotionally, but you also have a lot to do and many decisions to make,” Christine Fletcher cautions in Forbes. The problem, as John J. Scroggins laments in the Journal of Estate and Tax Planning - “Most divorces...
“There are many potential roles that can be filled by a financial life planner” Stephen Brody writes in the Journal of Financial Planning. “The overarching role, however, is being a leader,” Brody asserts, quoting John Quincy Adams’ statement: “If your actions...
