Tag: Estate Planning
Since people can pass away at any time, it is wise to have financial plans in order. It does not have to be a difficult task to prepare and make some basic decisions for an estate plan, according to MarketWatch which offered some tips in “Prepare financially for your death, no matter how young you […]
An estate battle is often about lots of money, but sometimes it is about the small, but important items. Personal items, especially those located in the family homestead, may well be what sparks a big estate fight, according to Business Vancouver in “Wills: Leave’em laughing.” While you are alive, the personal items are unlikely to […]
Parents say they have discussed family finances with the children, but the children say it just isn’t so. In-depth conversations with the children about your personal finances are not happening nearly enough, according to Forbes in “The Last Taboo: Your Parents Still Won’t Talk About Their Money With You.” People who are not financial experts […]
Getting advice is often a good idea when giving sums of money to your children. There are some ways to give money to children that can result in difficult issues, as Kiplinger points out in “5 Ways NOT to Gift to Children … and 5 Better Ideas.” Giving children a little money now might go […]
The little mistakes are what frequently cost families the most money. While people and the media often focus on big picture mistakes, it turns out that small errors are the biggest problems in estate plans, according to the Pauls Valley Daily Democrat in “Oversights can cost your heirs money.” For most people, minor mistakes such […]
Wealthy people may create estate planning challenges with the quest for a longer life. Forbes recently discussed some of the challenges of an increasing life span, especially where money is no problem, in “Estate Planning For The Ultra-Wealthy When Living To 120 Or Beyond.” Medical advances and new personalized medical care plans, such as concierge […]
A parent may be shocked when their child gives away their inheritance for some quick money. A recent MarketWatch article described the anguish of being distressed and giving up your inheritance for some quick money in “My drug-addicted friend signed away his $800,000 inheritance to his brother — now he’s clean, can he get it […]
Retirement to a warmer state should spark a fresh look at an estate plan. As people near retirement, they often consider relocating to a warmer state but that southern comfort can also have an impact upon an estate plan, according to the Middletown Transcript in “MAKING CENTS: From snowbird to flamingo.” What many people do […]
Conversations rarely are about God, formal religion or jobs that will be missed. A chaplain, who has often visited with the dying, finds that people are more interested in their families and friends than religion, according to a CNN publication “What people talk about before they die.” According to the chaplain, people never talk about […]
Several of George Michael’s godchildren are expected to receive large inheritances. The estate of George Michael, who passed away on Christmas Day, is beginning to come to light, according to the Daily Mail in “George Michael’s £100M fortune ‘will go to his Godchildren’: Offspring of his celebrity friends could inherit tens of millions EACH after […]
