Some sobering thoughts from experiences of “unlucky” stars.
Posts Categorized: Asset Preservation
Here is a way to test drive your estate plan while you can still tweak it.
Estate planning in the digital world can raise some interesting issues.
Mark Zuckerberg and Dustin Moskovitz, the co-founders of Facebook and two of the world’s youngest billionaires, may seem too young to be thinking about estate planning. But in 2008, when they were both 24, they used an estate planning tool that is more familiar to people two or three times their age.
This article answers some of the most frequently asked questions about estate planning.
Many people faced with mounting pressure from creditors are looking for ways to protect their assets. Once you are in financial trouble, it may be too late. Proper asset preservation planning must be done and implemented before the storm clouds gather.
Is there a way to hand off a vacation home to the next generation so that everyone still wants to spend time together there? Tensions often mount when a family figures out what to do with a property that could be a lightning rod for sibling rivalries—not to mention a sizable chunk of an estate. Here is some wisdom on the subject from the Wall Street Journal.
70% of intergenerational wealth transfers fail, according to research conducted on over 3,250 families who transferred wealth.
Our legislature has created a new and effective tool for addressing creditor protection concerns. It’s not for everybody, but it can be a very formidable defense against financial losses resulting from unexpected liabilities.
While joint tenancy is not necessarily to be avoided at all times and at all costs, it is very important to understand its ramifications. He (or she) who puts other people on title to assets for probate avoidance/estate planning purposes may be making a huge mistake. Joint tenancy costs very little at the front end, but it exposes your back end to some very unpleasant possibilities.