Archive for September, 2010

A Letter From You to Your Family?

Thursday, September 23rd, 2010

Dear Loved Ones,

While I understand that I have the right to determine who gets my property when I die, I have decided to let the fair, just, and impartial court system make that decision for me.  I have decided that even though that might mean that people I never knew or liked could wind up as my heirs.  I also understand that there are prefectly legal and legitimate ways of minimizing the taxes you will have to pay.

However, because of our government’s  kindness and generosity to me over the years, I have decided to let our beloved Uncle Sam take the biggest share of my assets that he can.  In addition, rather than decide who should take care of my children, I think that I’d rather have my family fight about it, publicly, and then let the courts go ahead and appoint anyone they like, not necessarily one of you.

I would also like you to know that I think that lawyers, as a group, are hugely underpaid and under loved, and that they should have a large share of my assets.

Finally, I want all the private details of my financial affairs to become part of the public record so that anyone, how is evenly remotely interested, for any reason, can simply look it up.



Call us if you’d rather your family find a living trust (direction and protection with assistance in administration)!

Why You Should Care About Planning

Saturday, September 18th, 2010

Many people consider estate planning to be an act of stewardship.  They spend their life maximizing the use of their “time, talents, treasures, and trust.”  They want to ensure that the benefits of this stewardship will continue even after the ability to control has ended.  The control and benefit of everything we “own” will eventually be transferred.  So planing helps control how, when, and to whom the transfer takes place, and anticipates the consequences of the transfer.

People plan in order to protect the people, causes, and things that are important to them, now and in the future.  They do this by controlling whatever they can during life, and making sure that people they trust take their place when required.

What Role Does A Financial Advisor Have In Estate Planning?

Saturday, September 11th, 2010

The financial advisor/planner spends time clarifying goals and objectives, and then assists in the development of your personalized vision.  Additionally, the financial advisor spends time guiding the planning process.  He or she may assist in the gathering of information, and organize the information in a format that is useful to all the team members.

Once data is verified, the advisor will seek to find inconsistencies within the existing plan and begin discovering the “gaps” of those problem areas that are not consistent with our vision.

Once areas of concern are identified, the financial advisor will collaborate with the advisory team to verity the appropriateness of the suggested recommendations.  Upon agreement, the financial advisor will often guide the implementation process with the other advisors until the area of concern are satisified.  (Sometimes the process is guided by the attorney.)

Thereafter, the financial advisor will help monitor the plan and make appropriate recommendations to make sure the plan is meeting the goals set forth during discovery and implementation.   If you have any questions please don’t hesitate to call our office!