Many well meaning families think that estate plans are for someone else, not them. (Our clients hopefully know different.) They may rationalize that they are too young or don’t have enough money to reap the tax benefits of a plan. But as the following list makes …read more »
When your day wraps to a close, are you leaving tired and satisfied? Or just … tired? You’ve spent the day in nearly constant activity. And you may have been procrastinating the whole time. “Huh?” you say, “I can’t have been procrastinating. I’ve been really …read more »
Maybe it’s true that having $1m+ isn’t as impressive as it used to be these days. But it’s still a measure that we continue to use as a marker of financial “arriving”. What’s further interesting is that even in the midst of ongoing economic gyrations, …read more »
When we advise about or help set up tax-saving mechanisms for clients to deliver their philanthropy and giving (outside of normal tax deductions), there’s plenty of discussion about the benefits of the gift for the recipient. But what about for the giver? Here are some …read more »
“Expect trouble as an inevitable part of life, and when it comes, hold your head high, look it squarely in the eye and say, ‘I will be bigger than you. You cannot defeat me.’” – Ann Landers First of all, this legislation has continued to …read more »
“Character isn’t something you were born with and can’t change, like your fingerprints. It’s something you weren’t born with and must take responsibility for forming.” – Jim Rohn J. Paul Getty became the richest man in the world during his time by practicing a few …read more »
“Failing to plan is planning to fail.” – Effie Jones When a person with assets over $100,000 passes away, their assets will be handled in one of three ways: (1) if they had no will, their assets will be distributed as mandated by the state …read more »
“If we wait until we’re ready, we’ll be waiting for the rest of our lives.” – Lemony Snicket Parenting is more than reading to your children or getting them to eat their vegetables. It’s also about securing their financial future. One way to do that …read more »
“You cannot drive your car looking at the rear view mirror. Focus on going forward.” – Steve Harvey Depending on your perspective, this can feel like a double-whammy. Certainly, as with children, it’s always a better idea to focus on the benefits of more time …read more »
“Problems are only opportunities in work clothes.” – Henry J Kaiser First, retain a paper copy or receipt of any tax-relevant transaction. Scan these documents and archive them electronically, or acquire them in an electronic format. If the purchase has a manual or warranty, store all …read more »
