Estate Planning
How might money affect my kids?
An inheritor is a person who receives any amount of money – from $100 to $100 million – because of their relationship to the giver, not their own work to…
Read MoreIs your kid ready to handle $5.25 million?
$5.25 million: that’s the amount that parents are now allowed to leave to their children, family, favorite charities, and others without being hit with the federal estate tax, thanks to…
Read MoreWhy Golf Great Phil Mickelson is making changes and you should too.
No Dr. Phil, but “Lefty” is fed up with the Fed and so much so he’s ready to make drastic changes. Even the financial magazines are picking up on the…
Read MoreNot Fiscal Cliff Restraints…Personal Freedom (part 2)
Does understanding tax law ever make you feel handcuffed and unclear about the best decision to make about your wealth? If so, you’re not alone. It is said that Joe…
Read MoreFiscal Cliff Deal Comes with Estate Tax Changes
The fiscal cliff deal, passed at the 11th hour, comes with a great deal of changes, though we’re still waiting for spending cuts and debt ceiling talks. Fortunately for many,…
Read MoreAvoid Gifting Mistakes in Financial Planning
I’ve talked before about how estate tax rules will be changing in the coming year. Currently, a taxpayer can gift $5.2 million to others tax-free. For couples, that number is…
Read MoreAre your kids fit for their inheritance?
The big pot or small pot waiting for kids when you pass on from this life to the next…are they ready for it? Most millionaire parents say they are not…
Read MoreMarried? Skirt estate-tax traps to leave more of your estate
A recent article in the Wall Street Journal gave some very useful information regarding estate tax rules and married couples. If you’re married, you’ll want to pay attention to the…
Read MoreManage your estate from the grave
Each person cares about how their wealth will affect their loved ones and the causes they care about. You may know that you can control how your wealth is spent…
Read MoreVanished Wealth (how much?)
Yes, 50% of the net worth vanished…gone. This is an extreme case but one I’m familiar with because its personal…its family. But its not too uncommon to see even one…
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