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Category Archives: WILLS and ESTATE PLANNING
“If you want to start an argument, ask a group of financial advisers what they think about buying life insurance for children.” – Bankrate.com Should you get life insurance for a child? Don’t people only “need” life insurance if they … Continue reading
“Happiness is having a large, loving, caring, close-knit family in another city.” - George Burns A lot of time and attention has gone into emergency preparedness in recent years. Many Americans have emergency plans in case of an earthquake or a flood. “Doomsday … Continue reading
“Lawsuit: A machine which you go into as a pig and come out of as a sausage.” ~Ambrose Bierce, American editorialist and satirist. Last week, our Part One post of “Protesting Assets from Lawsuits and Judgments” described the many … Continue reading
“Old age isn’t so bad when you consider the alternative.” – Maurice Chevalier Recently, a Partners4Prosperity reader asked, “How well do ‘income for life’ type programs work for people within 5 years of retirement? Are these programs more for younger … Continue reading
“A very rich person should leave his kids enough to do anything, but not enough to do nothing.” -Warren Buffet, as quoted in a September 29, 1986 interview with Fortune. An inheritance can be an enormous blessing, and yet, for … Continue reading
ESTATE PLANNING #101: PREPARING A WILL A will is written statement made by an individual that directs the distribution of his/her property at death. A legal will is a fundamental financial document that is relevant for almost every adult, and … Continue reading
A PROPOSED TAX CHANGE TO INHERITED IRAs IS DROPPED, BUT IS IT A SIGN OF THINGS TO COME? One of the unknowns that lurks in the shadows of many qualified retirement plans (such as IRAs, TSAs, and 401(k)s) is future … Continue reading