First of all, let me start by stating this as loudly and clearly as I possibly can. DO NOT PANIC!
If you are an IndyMac depositor, there is no need for you to line up at the bank as many others have done and demand the return of your money. This is a pure waste of […]
Many of you out there are in fear of facing foreclosure. Interest rates are rising, your adjustable rate mortgages (ARMs) are resetting. And you are scared.
What should you do?
Well, before we talk about that, let’s talk about what you absolutely shouldn’t do. And that’s just to bury your head in the sand, leave your keys […]
Comments(1)If you are not currently experiencing financial freedom, now is the time to start. No matter what your current circumstances are, you can enjoy freedom from worrying about money. But, before you can, you’ve got to change your mind.
And, before you can do that, you have to want to.
So, ask yourself right now how your […]
I have major mixed feelings about LegalZoom.
I’m not going to lie, I am mighty impressed by the business acumen of the lawyers who started LegalZoom. Generally speaking, lawyers are the worst business people, but not these guys. They are smart.
And, I’m pretty impressed that the’ve got the American public thinking about proactive […]
Comments(6)Choosing a person or family to care for your children is difficult. In fact, for many families, it’s the hardest part of planning their estate. It’s not easy to think of anyone else, no matter how loving, raising your child. Yet, you can make a tremendous difference in your child’s life by planning ahead. And […]
Comments(2)A friend of mine from out of state asked me to review estate planning documents she is getting ready to sign before going out of town for the first time with her husband and without her kids.
These documents were prepared by a traditional estate planning lawyer who sent her the draft documents for review before […]
Family Wealth Planning is the Web 2.0 version of estate planning.
Whereas “estate planning” is about preparing and passing on your financial assets at the end of your life, Family Wealth Planning is about making the right financial and legal decisions for your whole family wealth throughout your lifetime and leaving the world a better place […]
Comments(3)In last week’s article “How to Choose the Right Trustee,” I mentioned that there are no trust police out there making sure that your Trustee is following the instructions set out in your Trust. That can be scary when you are entrusting your whole life savings and your kids’ financial well-being to this person.
But, […]
Comments(1)Before we talk about how to choose the right Trustee, let’s talk about what a Trustee does and whether you need to choose a Trustee.
A Trustee is the legal owner of assets held in Trust. When you establish a Revocable Living Trust, you will be the Trustee of your own Trust as long as […]
Quite frequently when I’m working with clients, I am asked the question - how much life insurance do I need?
Like any good lawyer, my answer is “it depends.” There’s no set answer.
Personally, I have $1,500,000 on my life. And, by the way, it’s not payable to my kids or my ex if something happens to […]
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