Basics
Estate Planning; Before You Begin Sep 8, 2008
Leaving a proper legacy has become a science. Here are the basics to help get you started. A person’s legacy cannot be measured by one solitary event in his or her life. Rather, legacies, like lives themselves, must be measured as a whole. If you’ve ever taken a step back and examined your own life and legacy, what have you found? |
Wills; The Cornerstone of Your Estate Plan Sep 8, 2008
If you care about what happens to your money, home, and other property after you die, you need to do some estate planning. There are many tools you can use to achieve your estate planning goals, but a will is probably the most vital. Even if you're young or your estate is modest, you should always have a legally valid and up-to-date will. This is especially important if you have minor children because, in many states, your will is the only legal way you can name a guardian for them. Although a will doesn't have to be drafted by an attorney to be valid, seeking an attorney's help can ensure that your will accomplishes what you intend.
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How Long Will Your Legacy Last? Sep 5, 2008
Unlike some quaint adages, the saying “Shirtsleeves to shirtsleeves in three generations” seems to have a basis in fact. In the book Beating the Midas Curse, authors Rodney Zeeb and Perry L Cochell report that 60% of affluent families lose their wealth in the second generation, and 90% will have lost it by the third.
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