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Wealth Planning Blog

We provide you with tips and wisdom to help individuals understand and create roadmaps for the distribution and preservation of assets and why wealth planning is so crucial.

Wealth Planning Blog
July 24, 2014

Avoiding The Perils of Probate

Whether you are an expert in probate and have dealt with it on multiple occasions or a rookie, we can all agree on one thing: probate kind of sucks and should be and can be avoided. Let’s start with the basics: What is probate? Probate is a Court-guided process whereby a deceased individual’s financial affairs are wrapped up and the Court determines who the proper beneficiaries are of the deceased individual’s estate. The words “court-guided process” should automatically lead you to the accurate assumption that probate can be expensive both in time and money.

Wealth Planning Blog
May 15, 2014

Qualified Spousal Trusts – Transfer Your Family Home Today

When we meet with families, we not only try to recommend a customized estate plan that incorporates all of their desires, but we then proceed to hound them to get all of their “homework” done once their plan is in place. After all, signing the documents is only the first step. An “unfunded” estate plan is about as worthless as only having one sock. Although getting our clients to do their homework sometimes seems harder than teaching an old dog to do new tricks, we refuse to let our clients fail themselves. So, on the path of funding, we typically start with the house.

Wealth Planning Blog
March 17, 2014

Trouble in Transition

“Life is pleasant. Death is peaceful. It’s the transition that is troublesome” – Isaac Asimov, American science fiction novelist and scholar. Though it may not be exactly what Isaac Asimov meant, I couldn’t help but think about his quote this past week as my family faced the unexpected and WAY too soon passing of one of our own. Transition is hard ... I mean really hard! Grieving may be exhausting … both physically and mentally but it is an essential and extremely important process for any family in this situation to go through.

Wealth Planning Blog
February 27, 2014

Planning Prevents Burdening

March is here, and even with Winter Storm Titan presently passing overhead, March still makes me think of spring and gets me in the mood for spring cleaning. As I was packing up clothes our little one has grown out of and separating stuff to donate, I began to reflect on the past week at work and how most of my meetings involved people who's personal/financial worlds could use some spring cleaning of their own.