It seems so simple: name the beneficiary and be done. You never need to think about it again. Interestingly, one of the hardest things we do in our practice is helping clients manage beneficiaries. I suppose one of the problems
How many times have you heard the phrase, “Can’t see the forest for the trees?” This refers to being so focused on the small details that someone fails to see the larger picture. In my experience, I’ve found that when
In a recent meeting, my clients and I discussed their desire to leave 10% of their estate to charity and the rest to their children. Their financial success is significant, not like you read about in the news, yet charity
Do you remember the game Rock-Paper-Scissors? Perhaps you’re still playing. Sometimes when we simplify things, they make more sense. I’m going to simplify some aspects of estate planning using the rules from Rock-Paper-Scissors. Remember, paper trumps rock, rock trumps scissors,
There’s an obvious issue if research tells us that 70% of widows seek out new financial advisors after their husbands’ death. Part of the problem is that many of my peers have spent years developing relationships with only one
Benjamin Franklin said it best, “In this world nothing can be said to be certain, expect death and taxes.” We prepare for our taxes every year. We also prepare for every major life event, including our graduation, marriage, and the