I've called myself other titles, masking that my income comes from the life insurance industry. There are multiple reasons why my lifetime occupation became a semi-hidden secret. The industry itself went through the same kind of identity crisis.
Whether you are looking to ensure your children's safety and future, or dictate how much of your earnings go back into the tax system, writing a will is an essential action and we can all benefit from taking advice from a genius like Einstein here.
The foundation of successful multi-generational planning begins with a conversation, often in the form of a family round table, whereby the heads of the family share their vision for the family, both now, and into the future.
You will be coping with lots of emotions and handling many complex financial decisions as well. You may have had a spouse that handled all the family finances in the past. If so, this may be a significant learning curve for you.
When you inherit money it usually accompanies a very emotional time. You may be still grieving over a lost relative or friend. Sometimes the sudden wealth from an inheritance can create even more stress in your life.
An ethical will communicates beliefs, ideas and life-defining experiences which, when unwritten, often go unknown.
One of the bigger mysteries, to many people, is why it seems that the process of offering a will to a judge for approval, called probate, can sometimes become highly complex -- and by "complex", I mean lengthy and expensive.
Investors over the years have told me that they have it all worked out. "I've got a will, a trust and spoke to an attorney." Often, those instructions were done years ago, sometimes decades ago.
The phrase "frozen assets" is one that strikes fear into the heart of many a wealthy citizen. Yet, for investors interested in protecting and passing on their wealth, there is a way to re-appropriate the concept of "frozen assets" in a beneficial and advantageous way.
Yes, it may be unromantic to discuss finances in the event of a divorce, but on the other hand, it is romantic to know that the person you are committing to for the rest of your life is open to discussing any issue, whether it be boring and even emotionally complicated.
It was January, 2001; one month after my husband's death. I awakened one morning to an envelope sent by a dauntingly large law firm; something that no one needs to receive immediately after you have buried your beloved.
The challenges of succession -- both professionally and personally -- don't go away if you ignore them. The need for planning exists. The results are worse if you ignore the difficulty.
How does estate planning differ for same-sex couples versus heterosexual couples? Well, there are both state and federal issues influencing the financial implications of same-sex couples legalizing their unions -- and many, many unknowns.
Few 18-year-olds are prepared to handle a large lump sum of money. Laws prevent people from buying alcohol until age 21. It is assumed that people who can't legally buy a beer can somehow be responsible for handling thousands and sometimes millions of dollars.
An Ethical Will conveys values rather than valuables, feelings rather than furniture, untold blessings rather than unpaid bills.
RIP trolls claim that they are mocking "grief tourism," which they define as saccharine outpourings of grief. Yet to those who experience this kind of trolling it inspires disgust and deep sadness.