What the rest of us need to know about estate planning
Tony Hseih, the force behind Zappos.com, recently died in a fire in Connecticut. He was worth many, many millions of dollars. Generally not a problem most of us will have but like many of us, he did not have any plan in place for his incapacity and passing. He survived for a number of days…
Trusts – yes most of us should have one. It is not something only for the super-wealthy. A trust allows us to build our own vault and privately, set the terms and conditions under which assets in that vault are distributed to the people of our choosing (beneficiaries) after a certain event happens. Trusts are…
“The death of a loved one will almost always illicit any repressed feelings, [feelings of greed, entitlement], and grudges held by [the children and other] heirs [causing those feelings] to come front and center, which is usually a recipe for disaster as far as the disposition of that loved one’s estate.”1 Heirs may have the…
When it comes to determining what assets get left to which beneficiary (child, friend, sibling, niece, nephew, etc.). I often hear one of two things… “I want to give equally to my beneficiaries,” or “I want to be fair in how I distribute my assets.” Equal means just that – Party A gets $000, Party…
Perhaps you haven’t thought about the emergency bag at the door since your last baby. In our current environment, if we have, or think we have COVID-19, we may need to leave for the hospital immediately. It’s always better to have your own things with you and to be prepared, especially now as medical resources…
We are going through a very trying time as a result of the COVID-19 pandemic…exacerbated by some of the most volatile markets seen since 1987. Many of us have dusted off work contingency plans, (working from home) and are receiving new contingency plans from our schools (colleges) or our children’s schools. The goal of these…