Estate Planning Is On My Mind
PIMD has been thinking about his mortality a lot more recently. Here's how he's protecting his family by taking estate planning seriously.
PIMD has been thinking about his mortality a lot more recently. Here's how he's protecting his family by taking estate planning seriously.
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.
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.
Your financial life should have different focuses in each decade of your life. By taking care of business in your 20s and 30s, you can build wealth and a great family throughout your life.
What are the most unbiased, accurate, high-yielding, current, and entertaining financial books for doctors and other high income professionals? Here you go!
Estate planning is a process whereby you can ensure your wishes are met, probate is avoided, and estate taxes are minimized
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...
Q. I am a DDS and operate my business as an S-corp. My wife and I own (have a large mortgage) our dental building as an LLC that the practice pays rent to monthly. We keep our rent at a reasonable rat...
Families working together across the generations can be a true wealth-producing machine -- far more powerful than any other personal finance concept.
If you haven't read the first four parts of this series, I suggest you go there first: Part 1: Sequence of Returns Risk, Inflation Risk, and the Safe Withdrawal Rate Part 2: Getting income from your v...
No reason to only save $17.5K toward retirement just because that's the limit on your 401K. Try these other options.
High-Income professionals should follow these ten steps to reach financial independence.
This post gives you ten steps that, if followed, will guarantee financial success and independence.
I read a fantastic little book the other day called Living Trusts for Everyone. It is subtitled "Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates." In just 117 8"x5" pag...
Dynasty Trusts Some very wealthy folks (or probably their lawyers) figured out that if each generation leaves its money to its grandkids or great-grand kids instead of their children, then much estate...