You Can’t Make Your Great Grandchildren Rich
Do you dream of passing down wealth to your family for generations to come? Perpetuating wealth across generations is harder than you might think.
Do you dream of passing down wealth to your family for generations to come? Perpetuating wealth across generations is harder than you might think.
Digging into estate planning today. We're talking wills, revocable trusts, life insurance trusts, taxes, making lifetime gifts, step-up in basis, and a whole lot more.
In today's podcast, we discuss the cost and value of asset protection planning and various ways to protect your wealth -- from basic insurance to offshore trusts.
Most high-income professionals should form a revocable living trust to avoid the cost and hassle of the probate process. Here's what you need to know.
My kids will get the most valuable part of their inheritance long before I die. In fact, they'll be getting a 5-part inheritance, mostly in their 20s.
Have you considered a Family Limited Partnership (FLP) to meet your wealth preservation goals? FLP's can make sense for some docs under the right conditions. But all docs? Not even close.
Estate planning is a process whereby you can ensure your wishes are met, probate is avoided, and estate taxes are minimized
Some high-income professionals hate personal finance and investing. If that is you, this post is for you. If that isn't you, send this post to someone you care about.
While the higher estate tax exemption limits enacted in 2013 dramatically simplified estate planning for many people, wealthy professionals may still run into issues with an estate under $10M.
Got a pension? Should you take a lump sum or annuitize it upon retiring? Consider these issues prior to deciding.
By Dr. James M. Dahle, WCI Founder This post is all about CRATs, CRUTs, CLATs and CLUTs. These acronyms all relate to "split-interest gifts" or "charitable trusts." In essence, these are a way to dona...
Estate planning is an important topic for all of us to consider from time to time, especially when major life changes occur. Readers who have been with me for some time know I've been doing an ongoing...
James Lange, JD, CPA, in his excellent Retire Secure!, discusses a "beneficiary plan" he has been using for years with his estate planning practice. This plan has been featured in a number of other pu...
[Editor's Note: This is part 2 of a two-part guest post about what to do when you lose your spouse, at least from a financial perspective. If you missed part 1, go back and read it first. The anonymou...
[Editor's Note: This is a guest post submitted by a regular reader, a physician who wishes to remain anonymous. Although it doesn't apply to me, and hopefully won't for a long time, I did pick up a fe...