In our previous post, we began looking at a recent Forbes article in which Deborah Jacobs points out the need for women to become more competent about and to get more involved in the estate planning process. We left off discussing how women can become facilitators in estate planning by engaging their family in the conversation, particularly in regard to their spouse and their adult children.
In a recent Forbes article, Deborah Jacobs advocates that women need to take greater initiative in learning about and participating in the estate planning process. As the article notes, a recent survey by EZLaw reveals that many American women, especially younger women, care more about maintaining their weight than about protecting their financial assets. That, she notes, is a cause for concern.
In our previous post, we began discussing the estate of deceased soul musician James Brown, particularly the battle between those who say Brown wished to give his entire estate to charity, and his family, who say that Brown intended to provide for them.
Estate planning and administration are not always a clean, tidy job. Sometimes there are disagreements about how the estate is disposed, even where the documents seem clear enough.
When doing estate planning, it is important not only to consult an experienced attorney, but also a financial planner. As essential as an attorney is to the estate planning process, they will not necessarily have the same focus as a financial planner. One of the ways a financial planner can be very helpful to the estate planning process is to ensure that there is sufficient estate liquidity.
In our last two posts, we have been looking at the importance of asset preservation planning. As we have tried to stress, asset preservation planning is an important element in coming up with a solid estate plan, as it ensures that the wealth you pass on has minimal exposure to creditor's claims.
In our previous post, we began looking at the importance of asset preservation planning, to work in conjunction with estate planning.
In a previous post on this blog we mentioned that "taking advantage of asset preservation opportunities, particularly for special needs family members" is one of the 10 top considerations for those engaged in estate planning. But why is that?
A recent Wall Street Journal article which goes into the uncertain state of estate taxation among the states highlights that estate planning can often be one of the more challenging aspects of estate planning.
There are a number of reasons why it is risky to procrastinate in making getting one's finances and estate in order until old age. In our last post, we mentioned some of those reasons.