Holidays are, for many families, a gathering of multiple generations and if entered into properly, could be an uplifting opportunity to discuss both past living and future planning. A start could be a video or just the opportunity for the elders to talk of their lives including successes and mistakes. This would almost always often […]

As we cannot protect your life in every possible contingency, a good defense can be a good offense against those who would otherwise take your assets. This includes umbrella insurance to supplement your liability insurance, perhaps equal to your net worth or a multiple of a net worth. This can help to defend from attack […]

  Parents should have a plan to avoid court intervention at the time of death. Minimizing costs while maximizing assets should be a primary goal of this and you may also be able to accomplish providing for financial and healthcare decisions. In many cases, most parents did not wish to have their estate go through […]

According to recent research by NerdWallet, only 2/3 of couples have proper insurance and 43% of those couples say they are not financially prepared for estate planning. Here are five simple steps to take into account what you need to do for estate planning.  Calculate the need by adding all of your long term expenses […]

If a disaster impacts your family, you may also be concerned about how it will impact the assets you have already set aside and made some effort to protect. Your earning power is what enables you to prosper throughout your work life. If you were to become disabled, however, all of this can be brought […]

Selling a family business, whether it’s due to lack of succession options, estate issues or the need for liquidity can cause problems as a result of sudden liquid wealth. Passing on the family business also carries with it needs worthy of great consideration and counsel from trusted advisors. Whether to travel, work or pursue hobbies […]

Confusion and dementia are serious concerns for the elderly population in the United States. Both of these can contribute to compromising freedom and flexibility for an elderly individual, and prompting family members to be concerned about the appropriate level of care necessary for individuals in this situation. The first key to handling dementia and confusion […]

According to PEW research, in 2012 the number of unmarried individuals aged 25 or polder had reached 20% of the population. This is a significant increase of 9% since 1960. Although the majority of individuals think that estate planning follows after marriage, if you’re not married the concern can actually be even greater. There is […]

The incident and attendant health crisis of Lamar Odom are a sobering teaching point. Life changes and disability or death can be sudden and they should be planned for. In the California legal system, this meant that legally, a marriage was intact. The absence of a healthcare proxy, living will or power of attorney placed […]

As baby boomers age into their 60s and 70s, more of them are preparing to leave their businesses behind. In order to do this, baby boomers have to recognize that a lead time of at least 3-5 years is actually their best friend in the planning process. This allows you time to carefully consider all […]