Archive for the ‘Estate Planning’ Category

A Family Mission Statement Can Keep Family Goals First

Monday, November 26th, 2007

When rich families squabble over the family legacy, it becomes headline news. Witness the recent battle over the ownership of the Wall Street Journal between members of the Bancroft family. When approached by media titan Rupert Murdoch, various family members fought over whether to preserve the family legacy at the ...

Will Your Kid’s Inheritance Make Her a Monster? Not If You Plan Carefully

Monday, November 26th, 2007

The airwaves are full of cautionary tales of young people with too much money too soon – wretched excess is in, and responsibility seems, well, pretty boring. And your last name doesn’t have to be “Hilton” for you to worry. Inheritances, trust funds and other benefits from hard-earned family fortunes ...

ILITS Remain a Popular Estate Planning Tool and Technique

Tuesday, July 18th, 2006

The federal estate tax may or may not be repealed or reformed anytime soon. But such discussions in Washington should not dampen the use of irrevocable life insurance trusts as a still very viable and valuable planning tool and technique which has applications beyond the tax efficient ...

PROS AND CONS OF PREPAYING YOUR FUNERAL

Tuesday, August 16th, 2005

Preplanning your own funeral, while difficult for most of us, can help ease the emotional and financial burden for your survivors at a stressful time. But should you pay in advance for your funeral? Prepaying for a cemetery plot, for the funeral ...

Add Prenuptial Agreements To Your Wedding Plans

Wednesday, July 20th, 2005

True, it may seem unromantic. But couples who plan to exchange marriage vows ought to consider a prenuptial agreement long before saying I do. Yes, there was a time when only the wealthy executed such agreements. But now more and more couples, especially those who have been married before or who ...