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Estate Planning

Estate Planning

Tips for Teaching Kids About Family Wealth

Oscar Wilde is famously credited for the phrase, “A cynic is a man who knows the price of everything but the value of nothing.” While the-ultra-wealthy are generally clear on both price and value, money cannot buy everything—particularly if it’s…

Estate Planning

Is It Time for an Estate Plan Checkup?

If your relationships have changed, you may need an update. (Via Time.com / Tracy Craig / Jan 20, 2016) — I hate to be the one to break it to you, but creating an estate plan isn’t quite enough.…

Estate Planning

Reasons to Revise Your Estate Plan in 2016

If you have an estate plan in place, you’re in the minority: 51% of Americans age 55 to 64 don’t even have a Will, according to this survey. But having an estate plan doesn’t mean that the job of protecting your family’s future…

Estate Planning

Will You Avoid These Estate Planning Mistakes?

Too many wealth households commit these common blunders. Many people plan their estates diligently, with input from legal, tax, and financial professionals. Others plan earnestly, but make mistakes that can potentially affect both the transfer and destiny of family…

Estate Planning

TOD or Living Trust?

A look at two basic methods for shielding assets from probate. How do you keep assets out of probate? If that estate planning question is on your mind, you should know that there are two basic ways to accomplish…

Estate Planning

5 Wise Estate Planning Moves

The inheritance you leave could still be eaten away by taxes and expenses. Here are five strategies to avoid that. If you’re single, you can have up to $5.45 million in assets before your heirs have to worry about…

Estate Planning

Charitable Lead Trusts

How they work and how they may help you reduce taxes. Are you concerned about the inheritance taxes your heirs may have to pay? Then you may want to consider creating a charitable lead trust. A charitable lead trust…