Tips, Techniques and Things to Think About - A Practitioner’s Point Of View
From the monthly archives:
Young people can change the world, even when their own lives are cut short. One area of estate planning often overlooked is organ donation. It is a subject that needs more attention. Remember the story of Nicholas Green? Here you can read the complete story.
A seven year-old boy from California, Nicholas Green, was killed by [...]
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Starting is one thing, finishing is another. Loose ends can be a major problem.
You can have a perfect estate planning document, but if you (or your attorney or your financial advisor) doesn’t complete all of the tasks (such as retitling assets, completing or updating beneficiary designation forms, etc.), it is not a perfect estate plan.
There [...]
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You can find all sorts of vacations. Right now one of the hottest types of vacation is a volunteer vacation. Here the Sierra Club offers outings:
“Service trips range from helping with research projects at whale calving grounds in Maui to assisting with archaeological site restoration in New Mexico. Usually, service trip participants team up with forest [...]
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It is a strange story any way you look at it. I wonder about her estate plan, or if she even has one. She is single with 14 minor children. Has she named a guardian, or perhaps multiple guardians for her children? How much life insurance would you recommend she have? What if you were [...]
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Sex may be a difficult subject to discuss with your kids and it is understandable why parents aren’t always good at that conversation.
So, let’s change the subject to money. What is so hard about talking to your kids about money? Where do parents think their children are going to learn about balancing a checkbook, setting [...]
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How should you fill out your beneficiary designations for life insurance if you are single with minor children? People recommend all sorts of “good” ideas in terms of dealing with minor children.
One recommendation I hear is to name a sibling, or the person you want to act a guardian, as the beneficiary of the life [...]
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www.edonpoint.com
We’ve come a long way since our first website in early 2007! Education On Point offers several interesting estate planning eCourses.
My favorite new eCourse is Planning to Avoid the Expected Will Contest. Please check out our new website and let us know what you think!
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Community foundations are a wonderful tool in your bag of estate planning tricks. If you don’t know what a community foundation can offer you or your client, start here at the Council on Foundations. The National Philanthropic Trust has an excellent history on philanthropy here.
The good news is that even in our economy, clients are still [...]
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I wonder if the new couple realizes how much their “legal” lives will change once they say “I do.” Depending on where you live, it will change a lot or perhaps just a little. You should know. Spouses have rights, both federal and state. More important perhaps to some, most of these rights can be waived [...]
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I did it too. We are headed out of town next week so I finally pushed to get my own estate planning documents updated. An upcoming vacation seems to have more influence on my clients, and me, than anything else. We are getting ready to board a plane and something pushes us to see an estate [...]
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