I'm sad as I write this article. A very close client of mine passed away on Sunday. I got to meet Pat 10 years ago but really got to know Pat after her husband had passed away 9 years ago. She had never balanced a checkbook at that point in her life. She had no… Continue reading Lessons from Losing Pat
Tag: Trusts
When to Avoid the “I Love You” Will – Keep Control with Trusts
Wealth Transfer Planning 4 of 6 It’s very common to see an estate plan that says “leave all my money to my spouse and then my kids equally.” We call that the “I love you” will because it’s pretty simple to understand and doesn’t require much other planning. But this plan may not work in… Continue reading When to Avoid the “I Love You” Will – Keep Control with Trusts
7 Signs You Need a Trust in Your Financial Plan
#1-505569 One common misconception in financial planning goes like this: Trusts are only necessary for the super wealthy. True, estates over $5.45 million should probably include trusts. But having a lot of wealth is just one of many reasons why setting up a trust can be a smart financial strategy. Here’s a quick exercise to… Continue reading 7 Signs You Need a Trust in Your Financial Plan
