Tag: beneficiaries

What Went Wrong?

Recently I received an email from a client asking me what went wrong in her parent’s estate plan so as to make it so that they had to go through probate. She asked, “isn’t the purpose of getting a trust

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Pablo’s Abstract Estate Planning

Pablo Picasso (Picasso) was world famous painter, sculptor, printmaker, ceramicist, stage designer, poet, and playwright. His works are famous for many things but you may be more prone to think of his abstract art when you hear of his name.

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How to Engage Children in Charitable Giving

The intent of this article is to give the reader some ideas on how to teach generosity, civic engagement, and financial responsibility. Parents often struggle with the paradox of teaching their children to be savvy with their money while at

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A Not So Obvious Estate Planning Mistake

       You just got done signing estate plan papers with your attorney, and he summarizes everything you have just done, “Today you completed your Estate Plan.  You have a pour over will that will act like a big

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What will really happen to my estate if I die without a will or a Trust?

Ok, for all of you out there who do not have an estate plan, I have put together a brief video explaining what will happen to your estate if you die without having first planned by getting a trust or

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Legacy Planning is Not Just for the Rich- See how $5,000 can impact 3 generations.

  Legacy Planning is the process of using the transition of wealth to incentivize gift distributions.  For a closer look with examples of Legacy Planning might look like, please see my previous post, Legacy Planning 101.  After people understand the

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The Paradoxes of Wealth Accumulation

The Paradoxes of Wealth Accumulation “When you need it you don’t have it, and when you have it you don’t need it”.  Of course this could apply to many other situations, but I have found that those who have become

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Legacy Planning

Legacy Planning I like to think of Legacy planning, like a way to not only make your Mark on future generations, but also incentivize and empower them.  I think that we have all seen examples of those who have inherited

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