Wealth Transfer

Wealth Transfer Planning: A Case Study for a Blended Family

Wealth Transfer Planning 6 of 6 Blended families are not uncommon these days. But this complicates estate and wealth transfer planning because there are typically multiple heirs from different bloodlines involved. And when there is real estate and/or business interests to consider, things get even more hairy. Maintaining control over this type of estate to… Continue reading Wealth Transfer Planning: A Case Study for a Blended Family

Wealth Transfer

4 Things Grandparents Should Know About Paying for College

My experience tells me that many grandparents want to help fund college education for their grandchildren, particularly if they already have enough money to ensure a comfortable retirement income for themselves. My experience also tells me that to help fund these education goals, most grandparents gravitate to the popular 529 plan*, a savings vehicle where… Continue reading 4 Things Grandparents Should Know About Paying for College

Wealth Transfer

Loans to Family Members: 5 Questions to Ask Yourself BEFORE Saying Yes

#1-504151 Sometimes those we love need financial help. Life can throw us curveballs and having friends and family to support us is a wonderful thing. But there’s a big difference between picking up the tab at dinner and writing a check for thousands upon thousands of dollars. So, if you choose to help someone out… Continue reading Loans to Family Members: 5 Questions to Ask Yourself BEFORE Saying Yes

Wealth Transfer

7 Signs You Need a Trust in Your Financial Plan

#1-505569 One common misconception in financial planning goes like this: Trusts are only necessary for the super wealthy.  True, estates over $5.45 million should probably include trusts.  But having a lot of wealth is just one of many reasons why setting up a trust can be a smart financial strategy. Here’s a quick exercise to… Continue reading 7 Signs You Need a Trust in Your Financial Plan

Wealth Transfer

Leaving an Inheritance to Kids

Recently I wrote about managing sudden wealth – namely, an inheritance. While not everyone will be the heir to a sizable estate or be lucky enough to hit the lottery, many ARE planning to leave THEIR estate behind for loved ones.  Many of my clients want to leave money to their kids. But a good… Continue reading Leaving an Inheritance to Kids