My Comments: I can attest to the fact that as your life plays out, there is an increasing realization that your end is coming. At the same time, there is sometimes a serious reluctance to come to terms with, and do something about, the various details of life that will inevitably end. When I was …
Continue reading Why it’s important for every adult to have a will
My Comments: First, a disclaimer saying that I’m NOT an attorney. Do NOT rely on what you read here without first talking with your attorney. Having said that, you will find this useful if you’ve ever wanted to speak from the grave or at least make sure that if you become goofy, your wishes will …
First, I AM NOT AN ATTORNEY. DO NOT RELY ON ME FOR LEGAL ADVICE! However, I have been a financial planner for a long time and do know something about the relevance of trusts and how they might be used in a financial planning context. I decided to talk about this today ( and on …
My Comments: For the record, I am NOT an attorney. However, questions always surface about trusts. What are they exactly, how do they work, what kinds are there, which ones are appropriate for me, etc. These words from Jim Probasco go a long way toward a better understanding about the most common form of trust …
My Comments: First, a DISCLAIMER: I am NOT an attorney and it would be best if no one accuses me of practicing law without a license. There’s an ongoing issue about this in Florida right now. But I do get asked questions about trusts and it helps to have a little basic knowledge. I also …
My Comments: This comes courtesy of a local friend and attorney who includes me among those with whom he shares insights. I'm unsure who should get credit for writing the actual text. Over these many years I've had many clients with trusts of one kind or another and clients who needed trusts but didn't have …
Continue reading Seven Trust-Based Asset Protections Strategies for Clients
My Comments: Recently, two clients have asked me about asset protection and whether they should start thinking about a trust. The answer is maybe. First, I have to remind everyone that I am not an attorney, and cannot advise people on legal matters. However, I can share basic knowledge that I’ve picked up over the …
My Comments: As a financial planner for many years, one of the skill sets I’ve tried to develop, mindful that I am not an attorney, is estate planning. Until recently, this topic was mostly focused on the “death tax issue”. When someone died, and died with a lot of money or property, the financial threat …
Continue reading ESTATE PLANNING IS NOT JUST FOR THE WEALTHY
My Comments: This came as a reminder to me that none of has a contract with God to be here tomorrow, much less a few years from now. And there are things you should anticipate and take care of to make sure your family is not turned upside down when that lack of contract turns …
Continue reading Are Your Clients Better Prepared Than Abraham Lincoln Was?
My Comments: While the title of the article is a little obscure, the message is clear: most people do not have a plan to deal with their assets when they pass away. As I mentioned recently about Long Term Care insurance, there is a strong denial force at work here. At the very least, get …
Helping You Prepare Your Financial Future 