Benjamin Franklin does estate Planning
Benjamin Franklin is largely known today for his key roles in the American Revolution, the formation of the United States, and his diplomacy with France. But Franklin was also a very successful businessman. Starting with absolutely nothing, he built a substantial fortune. And he capped it off by demonstrating keen skills developing his estate plan. […]
Continue readingDisabled and no Medicare to help!
There is a “gap” in Medicare coverage for those who are disabled and under 65. Richard Wohltman describes his concern about this “gap” below. Wohltman and I are both members of WealthCounsel – a nationwide Community of Estate Planning Practitioners. He is located in Alexandria, VA and I find his views valuable, because he is […]
Continue readingCan a DIY Will cost you a bundle?
In this age where all the information you ever wanted can be found on the internet, it is no surprise to encounter articles like the one in Forbes magazine raising concerns for those who save now on a Do-It-Yourself Will only to leave an expensive nightmare for their heirs. I enjoyed this brief commentary by […]
Continue readingDo It Yourself Estate Planning
Forbes Magazine’s September 7 issue had a thought provoking article on “Do It Yourself Wills”. My WealthCounsel colleague in Montana, Mark Josephson, took the conversation one step further with the commentary he shared. I hope you find this informative. Josephson begins, “My Larsson estate commentary and a recent article on Forbes.com regarding the pitfalls of […]
Continue readingEstate Planning Traps
This is a helpful bit of information that my fellow estate planning colleague, Mark Josephson, posted from his law offices in Montana. He’s relatively new to blogging, but I think he’s done well with this information in a summary format. I am reposting his information to share with you. I seem to be on a […]
Continue reading“Dragon Tattoo” Estate Drags On
A recent post by fellow estate planning attorney, Greg Turza offered an interesting commentary illustrating the need to clearly identify who your heirs are. I hope you find this an interesting story about this famous author and his death without a will. Stieg Larsson, the author of the best selling novel “The Girl with […]
Continue readingILL WILL calls for a WILL with special terms
Not surprisingly situations occur that drive a person to disinherit a child or heir. My colleague in Wealth Counsel, Greg Turza , offered the following comments, and I am sharing them with you. Has one of your children run off and joined a religious cult where he was taught to reject his parents? Or become […]
Continue readingBankruptcy can be an estate management tool
Bankruptcy can be a vital estate planning tool for some. My colleague Suzann Becket is a fellow member of Wealth Counsel. She recently posted the below suggestion that bankruptcy is one tool that fits into your estate management tool set. What do Abraham Lincoln, MC Hammer, Johnny Unitas, and Walt Disney have in common? They […]
Continue readingInclude your Digital Assets in your Estate Planning
Before we leave the topic of Digital Assets, I have one more excerpt from an article by Dennis Kennedy, who is an information technology lawyer and legal technology writer who publishes a monthly column in the ABA Journal. You can find the full text of the article at http://www.abanet.org/lpm/lpt/articles/ftr03103.shtml. The rapid explosion of digital information […]
Continue readingWho takes care of your Estate’s Digital Assets?
The following is an excerpt from an article by Dennis Kennedy, an information technology lawyer who authors a monthly column in the American Bar Association Journal. You can find the full text of the article at http://www.abanet.org/lpm/lpt/articles/ftr03103.shtml Andy Olmsted was a rare individual, in no small part because he is one of the few who […]
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