Special People Archives

The “ESSENTIAL” Send Off Packet for ALL College Students (and Adult Children)

December 10, 2019
/ Asset Protection Blended Families Established Families Estate Planning Family Issues Farm Families International Individuals and Families Kids Legacy Planning Married Couples No.More.Tears. Parents Planning Process Real Estate Risk Singles Special Assets Special People Trusts Wills Wills & Trusts Young Affluent
/ By Tom Lofton

Your kids are either coming home for the holidays or possibly even getting ready to start college after the first of the year in some cases. Either way, it is critically important to send them off to college with an ESSENTIAL PACKET to protect them and you as their parents. We’re not talking about supplies […]

Special Needs Children Need Special Planning

Every Estate Plan has its nuances and “special” attributes to make it work for the people who it will serve. There are no two plans the same…nor should there be. When you have a “special needs” child, there are even more nuances that make your plan very specific for both today and tomorrow. If you […]

The “Four Pillars” You Need in Your Estate Plan so it “Works” the Way You Want It To

Regardless of whether you have an estate plan in place or are just starting to think about one, there are some key elements everyone should know about (or refresh their thinking about). It will be worth your time to refresh yourself (or educate yourself) on some core goals you should consider when thinking about estate […]

Three Critical Legal Documents Every Parent Should Have in Place NOW to Safeguard Their Adult Children

As a parent, you may have felt like you lost control of your “adult” children long ago…but according to the law, you lost control when they turned 18! Well, maybe not complete control, but at least control over certain medical and financial situations. When your child turns 18 years of age, at least in the […]

Are You Going to Take Advantage of the Proposed “Clawback” Changes?

December 11, 2018
/ Advisors Blended Families Business Owners Farm Families International Individuals and Families Married Couples No.More.Tears. Parents Seniors and Retirement Singles Special People Young Affluent Young Families
/ By Tom Lofton

Because of the recent tax law changes, there is an interesting proposal on the table that will be voted on in March of 2019. It is expected to pass with little opposition. If it does pass, there will be some interesting “opportunities” for people between now and 2026. This is the window where you will […]

Celebrity “Fail” Series…Fail #3…How Burt Reynolds and Aretha Franklin Failed at Estate Planning

Burt Reynolds and Aretha Franklin fails in estate planning

This is the third in our “Celebrity Fail Series” that talks about how celebrities failed to do the proper planning for their estates. Besides having some great entertainment value, there are some important lessons that can be learned from some of the most recognized celebrities. It also demonstrates that effective estate planning isn’t about having the […]

Celebrity “Fail” Series…Fail #2…How Frank Sinatra Jr. Failed at Estate Planning

November 28, 2018
/ Blended Families Business Owners Established Families International Individuals and Families Married Couples No.More.Tears. Seniors and Retirement Singles Special People Young Affluent Young Families
/ By Tom Lofton

This is the second in our “Celebrity Fail Series” that talks about how celebrities failed to do the proper planning for their estates. Besides having some great entertainment value, there are some important lessons that can be learned from some of the most recognized celebrities.It also demonstrates that effective estate planning isn’t about having the […]

Celebrity “Fail” Series… Fail #1…How Prince Failed at Estate Planning

Prince the musician and lack of estate planning

In a world where people envy the lives of celebrities, there are some realities that might not make you quite so envious. One of these areas is Estate Planning. When we think they have it all together we often times discover this is not necessarily the case. When they pass away and their estate plans […]

Why You May Want to Form an LLC

I find that there are a lot more “unknowns” and “concerns” about an LLC (limited liability company) that perhaps any of the other business structures…at least I seem to get more questions about LLCs than the others. So it caused me to conclude that most people really don’t understand all the benefits surrounding an LLC […]

Estate Planning…Not Just for Parents or Grandparents…Important for Millennials and Younger Baby Boomers

October 26, 2018
/ Blended Families Established Families International Individuals and Families Kids Married Couples No.More.Tears. Seniors and Retirement Singles Special People Young Affluent Young Families
/ By Blaine

When I ask people who they think Estate Planning is for, the unanimous answer is Parents, Grandparents, Baby Boomers, or Business Owners. Rarely do they answer Millennials or Young Baby Boomers…this is a common mistake. Yet with the lifestyles and activities of these groups today, it is critically important they have an Estate Plan in […]

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