Tag Archives: Estate Planning

Family Businesses and Succession Statistics

Family Businesses and Succession Statistics

I recently read two amazing articles on family businesses, and more specifically family business succession planning.  Both provided amazing statistics that I felt that I had to share since I know quite a few of my readers are business owners.  The take away from both stories that it is simply irresponsible if you have a… Continue Reading

Money Can do Good Things Money Can do Bad Things

Money Can do Good Things Money Can do Bad Things

I was reading the January/February 2011 issue of Money Magazine when I came across the “Readers to the Rescue Section.”  This particular issue’s question was “Is it okay to stipulate in a  will how inherited funds may be spend?”  First, thing is first, someone’s will is based on the eventual decedent’s testamentary intent, and if… Continue Reading

If You Have a Child With Special Needs Please Be Careful When Making Financial Moves

If You Have a Child With Special Needs Please Be Careful When Making Financial Moves

The office I work at has a prominent Special Needs Planning department, and when meeting with one of the planners on a separate case he to me a horrible about parents making financial decisions without fully understanding the ramifications to their child with special needs.  The situation is probably more common than you would expect… Continue Reading

Please Don’t Use an Automated System to Draft Your Last Will and Testament

Please Don’t Use an Automated System to Draft Your Last Will and Testament

I can’t believe I haven’t written about this in 2 years of blogging, but I cringe every time I see a personal finance blogger recommend one of those Will preparation services/sites.  Every single week, I review at least 3 (and sometimes up to 10) Wills written by trained and licensed attorneys. While I find mistakes,… Continue Reading