February 23, 2021 |
Think Carefully About How You Divide Your Estate with Children
If you have multiple children that you intend to be beneficiaries of or executors in your estate, be careful about trying to apply things equally ...
Learn MoreThink Carefully About How You Divide Your Estate with Children
If you have multiple children that you intend to be beneficiaries of or executors in your estate, be careful about trying to apply things equally rather than fairly. Having multiple children and leaving them each behind a stake in the house can cause more conflicts than you ever intended. 
Imagine, for example, that you have six children and all of them now equally own a portion of a vacation home or original home once you pass away. This means that either all of them will need to come to terms about what happens with the property or the property will need to be sold and divided among six parties in the event that they cannot come to a conclusion.
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Blogs for Estate Planning
February 18, 2021 |
The Three Major Elements Your Estate Plan Should Include
Most people are familiar with the basic idea behind a will. A will allows you to accomplish a couple of different things with your estate ...
Learn MoreFebruary 15, 2021 |
Should I convert my Term Life Insurance to Permanent Life Insurance?
The decision as to whether or not to convert from a term policy to a permanent life insurance policy is very fact-specific and dependent upon ...
Learn MoreFebruary 12, 2021 |
FANMAG: Because FAANGs Are So Yesterday
KEY TAKEAWAYS FANMAG returns have been extreme relative to their contemporaries, but not their predecessors—their performance has been in line with the average top performers ...
Learn MoreFebruary 10, 2021 |
Any Adult Child with a Serious Illness Needs a Health Care Power of Attorney
Having a child who is critically ill is the worst nightmare for every parent. This can be even more problematic when your child is legally ...
Learn MoreFebruary 2, 2021 |
Can I Revoke a Living Trust?
A living trust is also referred to as a revocable trust which, as the name implies, empowers you to make decisions while you are still ...
Learn MoreFebruary 1, 2021 |
Does My Executor Need to Have the Skills of an Accountant or Attorney?
Most people choose a family member or close friend to serve as an executor or a personal representative of their estate. This means that when ...
Learn MoreJanuary 28, 2021 |
Is It Enough to Tear Up My Durable Health Care Power of Attorney to Revoke It?
When a durable power of attorney for health care or living will is given to you voluntarily by another person, you always maintain the ability ...
Learn MoreJanuary 25, 2021 |
How We Embraced The ‘Swirl’
A Taoist story tells of an old man who accidentally fell into the river rapids leading to a high and dangerous waterfall. Onlookers feared for ...
Learn MoreJanuary 20, 2021 |
Inflation Could Harm Your Retirement Without Careful Planning
Many people work their entire lives for the hope of a well-deserved and peaceful retirement. With increasing longevity and the rising costs of health care, ...
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Recent Posts
The Family Financial Meeting: 10 Things Your Children Should Know Before They Need to Know Them
A family financial meeting can prepare adult children for future responsibilities without revealing every financial detail. Here are 10 things they should know before a crisis occurs. For many families, conversations about money happen only when circumstances force them to happen. A parent ...
<p>The post The Family Financial Meeting: 10 Things Your Children Should Know Before They Need to Know Them first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
Are You Paying Taxes Today That You Could Be Planning Around?
Proactive tax planning can help business owners and families identify tax-sensitive decisions before deadlines arrive. Explore six situations worth reviewing throughout the year. Tax planning is often associated with filing season. But ...
<p>The post Are You Paying Taxes Today That You Could Be Planning Around? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
When Your Financial Life Becomes Too Complicated for a Collection of Separate Advisors
As wealth grows more complex, separate advisors can create gaps between business ownership, real estate, trusts, investments, taxes, retirement plans, and family goals. Learn why coordinated planning matters. For many ...
<p>The post When Your Financial Life Becomes Too Complicated for a Collection of Separate Advisors first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
