Submitted by Lewis J. Walker on Mon, 11/25/2013 - 3:00pm
The excitement in the client's voice was palpable. He and his wife were to become grandparents for the first time. Their next step was to plan for funding the grandchild’s education and bequeathing the youngster assets later on. How do they do that?
Submitted by Mary Beth Storjohann on Thu, 10/31/2013 - 3:00pm
Watching financial advisors put their own house in order teaches you about building your own plan. You’re never too young, and here’s why.
My husband Brian and I married two years ago. I went through our finances, combined accounts, changed names, updated beneficiaries and made a list of items to complete: wills, powers of attorney and additional life insurance for me.
Submitted by Lewis J. Walker on Mon, 10/07/2013 - 3:00pm
Becoming a parent is a wonderfully emotional event. But never lose sight of this: In addition to love and care, you need to provide your new offspring with legal and financial support if you die.
We brought our first-born child home from the hospital on a blustery February day. Carrying our son upstairs, we placed him in the middle of the master bedroom bed. My wife and I stared with fascination at our wide-eyed and totally helpless little human being. The same thought struck us both. Now what? Ahhh ... we’ll take pictures!
Submitted by Scott Thompson on Fri, 09/20/2013 - 12:00pm
Too often, a family business gets frittered away when it passes to the next generation. Once a founder is gone, one solution is for the descendants to bring in a team of experts to handle matters like management succession, taxes and asset protection.
(This is the first of two articles looking at succession planning in small businesses.)
Submitted by Lewis J. Walker on Thu, 09/05/2013 - 3:00pm
A traditional will or a trust transfers material possessions. An ethical will bequeaths wisdom, vision, values, life lessons, moral guidelines and personal reflections to family members and other loved ones.
Ethical wills have roots in religious traditions. Elaine Tiller at Baptist Senior Adult Ministries in Washington, D.C., counsels: “Ethical wills are windows into the souls of those who write them. It is this that makes them so cherished by family members from generation to generation.”
Submitted by Jim Ludwick on Fri, 08/09/2013 - 3:00pm
Despite years of warning from everybody including the major media and close relatives, people still resist formally arranging for financial and other affairs after death – often eventually leaving the ones they loved in a legalistic tangle right when they’re most vulnerable. Surveys show that more than two-thirds of American adults lack a will.