As a generation, baby boomers are starting to wonder how we can leave our mark upon the world. What, besides material possessions, can we hand down to the next generation? How do we capture and define the wisdom and values that we’ve cultivated over decades of experience? How do we pass these precious assets down to our children, grandchildren, and the world at large? The article linked below answers these questions.
Celebrities have enough money to hire the best estate planning lawyers. You would think celebrities, of all people, should have ironclad estate plans that keep their affairs private, leave money and possessions to the people they love and the charities they care about, and take advantage of legal ways to avoid or minimize estate taxes. Unfortunately, it doesn’t always turn out that way. The article linked below reveals some costly mistakes of the rich and famous.
If you got hit by a bus tomorrow, would your loved ones know how to access your important records? Would they know which accounts you hold and where your money is? What about insurance policies? Real estate ownership papers? The six steps listed in the article below will help you keep track of your assets and finances.
What would happen if your earliest childhood dreams actually powered your life and business plans? What if you integrated fun into your weekly, monthly, and life goals? If you’re spending time on things that don’t matter, here’s a chance to rethink your plan. What life lessons would you share with the world if you had just months to live? Click below for help answering that question.
Having a will is necessary, but there is a great deal of information the legal document does not include. Here’s what to cover in a supplemental letter that specifies preferences, discloses critical logistic info, and will save your family significant stress during a difficult time.
As a lesser-known but viable alternative to a private foundation, a community foundation offers a number of philanthropic—as well as tax-related—benefits, especially for smaller donors. The article linked below details everything you need to know about donating through a community foundation.
Discover what it means to be wealthy or successful. If you’re like most, it takes a few hard knocks to understand what life truly has to offer. Click below to learn that lesson.
When a parent is considering giving or lending a child money, the key question is whether it’s empowering or enabling. You need to structure a transfer that is best for both generations. Click below for an article that offers advice on how to set up that structure.
While we have moved forward into a new year, many of the challenges we faced in 2020 and 2021 are still with us. Many families continue to struggle to find work. They have come to rely on the services provided by their communities. There are several strategies that you can employ that will ensure that your dollars are directed to a cause you care passionately about while providing you with potential tax savings. Before embarking on any of these strategies, please consult your accountant and your financial advisor. Gifting securities is particularly appealing for those who have large capital gains …
Employers: Are you offering Long Term Care insurance as a benefit to your employees? Even those with substantial incomes and adequate retirement savings are concerned with how they would cover the costs of medical care for themselves or their loved ones, this benefit holds positive implications for staff retention and productivity. Let me help you to understand your options. Click here to learn more.