Family businesses account for 50% of the gross national product. Thirty-five percent of Fortune 500 companies are family businesses. Family businesses account for 60% of US employment and 78% of new jobs created. (from Gaebler.com ). Family...
When a loved one dies, it is devastating. When you are also responsible for the deceased’s estate, it gets even harder. You are on the spot to make sure that your loved one’s affairs...
A periodic review of the beneficiaries you have designated on your assets and financial accounts is a necessary estate plan health checkup. No one that I know loves to review their beneficiary designations, but...
Money, Money, Money We in America have an innate respect for self made wealth, rags to riches stories and an inborn disdain and distrust of inherited wealth. This shows up in conversations – “What...
I had an opportunity this year to convert my very old and very small traditional IRA to a Roth. I will be in a lower tax bracket for several years so I bit the...
I had an Aunt who labeled everything she owned with hand written notes. She wanted her survivors to understand the history and specialness of each object she cherished. I used to think it was...
What Is a Living Will? A living will explains what you want medically when you can no longer communicate your desires. My Mother and My Aunt Had Living Wills Neither of them wanted to...
You have developed all of your estate plan documents – your will, trust, letter to heirs, living will, and etc. So now you are all set, right? Probably wrong, at least if your plan...
If you are a Category II Wealth Holder (that’s a net worth of 10 million to 100 million US dollars) or higher, you have options to train your offspring in wealth management that aren’t yet available...
Having achieved an empty nest status and being in the fullness of their productive lives (including the beginning stages of retirement!), the Baby Boom generation now can contemplate what will happen to their offspring...
