Estate Planning

Budgeting, Part 2: A Fulfilling Method for Setting Spending Priorities

Posted on: October 7th, 2013
Setting spending priorities will allow you to process your income in a rational way, while giving you the satisfaction that your wealth objectives are on their way to fulfillment....

Budgeting, Part 1: Budgeting as a Friend and not a Foe

Posted on: September 29th, 2013
Budgets do control spending behavior. However, budgets also allocate resources to the areas of highest impact or interest. When a budget is structured based on priorities and values, much of the controlling element is removed....

How to Make a Family Meeting a Successful Part of the Estate Planning Process

Posted on: September 22nd, 2013
You've made the hard decisions, your documents are signed, your trust is funded, a business succession plan is in place. Congratulations, you've finished your estate planning. But have you, really? Have you explained your planning to your family? Will they understand how your plan will work and what they may need to do if you become ill or when you die? Will they wonder why you made certain decisions?...

The Value of Having a "Plan" in Estate Planning

Posted on: September 16th, 2013
All too often, estate planning is viewed as a transaction: a will, a living trust, powers of attorney, etc. But the best planning happens when the professional can get to know the client on a deeper level, to uncover hopes, dreams and aspirations. It becomes more about family and values, and it becomes a process instead of a transaction....

How to Choose a Trustee

Posted on: September 9th, 2013
When you establish a trust, you name someone to be the trustee. A trustee basically does what you do right now with your financial affairs--collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate records and generally keep things organized and in good order....

Why Does a Living Trust Cost More than a Will?

Posted on: September 2nd, 2013
It will probably cost more initially to set up a well-drafted living trust than to have a will prepared. A true cost comparison should include not only the expense to establish the will or trust, but also what it will cost should you become incapacitated and after you die...
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