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...
Getting more specific in your estate plan prevents family disputes and ensures your exact wishes are met, an article from the Indiana University's Office of the Vice President & General Counsel points out. "Getting more specific" means replacing broad categories...
"When a small business owner dies with an active amortized loan, the debt does not vanish. The balance remains an obligation of the business entity and a valid claim against the owner's personal guarantee and estate", the Small Business Administration website...
"Before assets reach children or charities, they most often move to a surviving spouse," Erica Ellis, J.D. reminds financial advisors."Women will control a growing share of wealth in the coming decades, driven largely by longevity, Ellis reminds readers of Financial...
"When it's love vs. money, Americans prefer the hefty bank account," the results of a Northwestern Mutual survey of 4,375 U.S. adults revealed. A majority of couples in a serious relationship, the survey revealed, feel financial compatibility is more important than...
"Trump Accounts - Focus on their merits, not branding," Mickey Kim advises parents and grandparents in the Indianapolis Business Journal. "Importantly, the Treasury will provide a one-time $1,000 seed contribution for U.S. citizens born between Jan. 1, 2025 and Dec....
"It's easy to see how an advisor could feel they were doing the right thing", Steve Garmhausen explains in Financial Advisor, describing a situation where a financial advisor acted as Power of Attorney for a client. When an advisor at an SEC (Security and Exchange...
"Before assets reach children or charities, they most often move to a surviving spouse," Erica Ellis points out in Financial Advisor Magazine, urging financial advisors to establish relationships with both spouses. "The moment of transfer" (after one spouse has...
