The last few days, I’ve gotten four calls from single parents…okay, moms…asking for guidance with a divorce or parenting issue. Not unusual, considering I’m a single parent too. Though I did get married last weekend to a wonderful man, I’ll always be a single parent of these two amazing boys. And their dad will be […]
Category Archives: Parenting
The Family Business Succession Plan – An Important Piece of the Estate Planning Puzzl
Do you own a family business? If so, you’re in very good company. More than 90% of U.S. businesses are family businesses. Out of the Fortune 500, 150 are family businesses. Now, would you like to hear some really startling statistics? Only 30% of family businesses will survive into the family’s second generation, 12% to […]
Gifting to Nieces and Nephews – What You Don’t Know Can Hurt You (and Them)
Picture this scenario…
You’ve worked hard, saved and managed to accumulate some wealth.
You’re not a robber baron by any means but you’re comfortable. Your siblings haven’t fared as well and you want to make sure that their children have the benefit of a solid higher education. With no children of your own, it seems the right thing to do.
What does this have to do with estate planning?
Nothing. I just like it.
So you set up 529 college education savings plans for your nieces and nephews, make them the beneficiaries, and mention everything in your will.
How Do I Name Guardians for My Kids?
Making a decision about who would raise your children if something happened to you can be puzzling and even dramatic—especially for a married couple trying to agree on potential guardians. Rest assured, you know your children better than anyone and you’re uniquely qualified to make the decision in a way no one else is—not even a judge. So before you throw your arms up with an “I have no idea who to pick!” here’s a method to come to a decision that you can live with. REMEMBER: guardian nominations can be changed and should be changed over time as your children grow and their needs change. Don’t be afraid to make a decision and then change it later. That’s the natural progression of childhood in operation.
Does this kid looks like he needs a special kind of guardian? Oh yeah.
New Year’s Resolutions For Your Portfolio
We all make New Year’s resolutions… Losing weight… Spending more time with family… Learning a new language… Few of us think of our investment portfolio in terms of resolutions. But we should. This is a great time to sit down and really look at how your investments have done this year and plan for the […]
