Most of us own a beautiful heirloom or precious pieces of our family’s history, but what should we do with it? Some of the greatest treasures passed down through generations are pieces of vintage family jewelry. It may be an antique engagement ring or the family pearls. There may be furniture used to start the family business. Your family history imbues these items with immense sentimental … [Read more...] about How to Leave Your Indivisible Wealth to Your Heirs
Legacy Planning: A Holistic Approach
Many people are in a position to leave behind powerful legacies. However, this opportunity can be lost if the correct steps have not been taken in advance. Indeed, we have all heard stories about lost fortunes. Legacy planning is the key to wealth preservation. If you work with a licensed wealth counselor to implement a sound financial framework, you can in fact pave the way for succeeding … [Read more...] about Legacy Planning: A Holistic Approach
Family Incentive Trust is Alternative to Disinheriting
Recent headline news reported that actor Philip Seymour Hoffman left his entire estate to his girlfriend and nothing to his three young children, therefore disinheriting them. It is reported that he did not want to create “trust fund kids”, or kids that live off a trust and never have to earn a living for themselves. Through Mr. Hoffman’s planning, there is no provision for financial support … [Read more...] about Family Incentive Trust is Alternative to Disinheriting
Why Traditional Estate Planning May Not Be the Answer
Most estate planning lawyers, accountants, and financial advisors in the field of traditional estate planning are taught only two things: protect the clients’ material wealth from the evils of probate and taxes. Now let me ask you, just as a reality check, how do most people actually plan their estates? In our experience, they either do nothing or they create a simple Will, to look after a … [Read more...] about Why Traditional Estate Planning May Not Be the Answer
