Estate Planning/Legacy

A Chance To Address Regrets For The Road Not Traveled

25th May, 2016

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A Chance To Address Regrets For The Road Not Traveled

From: fa-mag

Many Americans regret the risks not taken in life, according to Allianz Life Insurance Company of North America, but they may have time to make up for it.

As the average American lives longer — up to 30 years longer than 100 years ago — nearly a third of Americans wish they had done something different with the time they…

Estate Planning and the Blended Family

18th May, 2016

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More than half of all marriages end in divorce, of these 75% will marry again. Of these, 65% of the remarriages will involve children. These facts can present some unique questions in estate planning. Either or both spouses could have been married, gotten divorced, and have children from a previous marriage.

Estate planning in the new age of the blended family is challenging, and extremely important. Without a solid estate plan, you have no way…

Revocable Trusts May Be the Solution to Your Client’s Needs

17th Mar, 2016

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Revocable Trusts May Be the Solution to Your Client’s Needs

From: wealthmanagement.com

A revocable trust-centered estate plan offers many benefits a plain old last will and testament can’t.

A revocable trust-centered estate plan offers many benefits a plain old last will and testament can’t. Trust-centered plans are better for clients and make your work easier. Understanding the benefits of trust-centered planning will position you as the trusted advisor who can spot the issues…

How To Raise an Adult with a Trust Fund

30th Oct, 2015

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How To Raise an Adult with a Trust Fund

From: retirementestateplan.com

Recently, I had the pleasure of meeting and listening to Julie Lythcott-Haims, the author of the bestselling book, How to Raise an Adult.

Her message is one of how affluent parents do their children a disservice by thinking of them as “kids” past a certain age and undermine their self-efficacy by doing things for them rather than expecting and trusting them to…

Odom and Kardashian: Why Living Wills Matter

22nd Oct, 2015

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Odom and Kardashian: Why Living Wills Matter

From: wealthmanagement.com

Former NBA star Lamar Odom was hospitalized Tuesday after being found unconscious in a Nevada brothel, according to major news outlets.

An already odd story took an even stranger turn on Wednesday when news broke that the now-comatose Odom’s ex-wife, Khloe Kardashian, was responsible for making his medical decisions. It turns out that although the couple signed divorce papers in July, the backlog in…

For Love or Money?

15th Oct, 2015

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For Love or Money?

From: wealthmanagement.com

Florida Appellate Court affirms finding of spousal undue influence

Statistically, undue influence is the most frequent legal basis for invalidating a will in Florida.1 Because an undue influencer usually exercises influence over the decedent behind closed doors, opponents of a will generally have little, if any, direct evidence available to establish that a will was procured by undue influence.

Realizing this, in 2002, the Florida legislature enacted Fla….

6 reasons why whole life is causing advisors (and clients) to take notice

15th Sep, 2015

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6 reasons why whole life is causing advisors (and clients) to take notice

From: lifehealthpro.com

Life insurance has been around for thousands of years. It is believed that the Romans originated the product to fund burials of military personnel who were members of a burial club.

Over time, the reasons for owning life insurance grew more complex, such as to meet estate planning or business planning needs, in addition to personal protection. Product…

Tom Clancy’s Widow Wins Opening Round of Estate Battle Without Remorse

27th Aug, 2015

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Tom Clancy’s Widow Wins Opening Round of Estate Battle Without Remorse

From: wealthmanagement.com

Tom Clancy’s widow scored the first victory of what will surely be a drawn-out battle over who must bear the burden of paying taxes on the late author’s $86 million estate (most of which is derived from a 12 percent ownership stake in the Baltimore Orioles).

On Friday, Baltimore Judge Lewyn Scott Garrett ruled in favor of Alexandra Clancy…

Estate Planning for Your Digital Assets

1st Jun, 2015

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Estate Planning for Your Digital Assets
Have you addressed this issue?

From: drlgroup.net

Social media and email accounts. Creative works, photos and keepsakes kept on home computers, the cloud or external storage drives. E-commerce accounts. Domain names. Bitcoin. These are all examples of digital assets. You will manage them closely as long as you live – but what will happen to them once you die?

Top 3 Estate Planning Must Haves

26th May, 2015

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Top 3 Estate Planning Must Haves

From: aaepa.com

Regardless of a family’s financial situation and assets, estate planning is an important matter that should be addressed ahead of time. While there is a common misconception that this is reserved only for the wealthy with a laundry list of assets, estate planning is applicable to a large number of people. In fact, an estate is the total of many commonly owned assets like…