Some view asset protection planning with a skeptical eye. They believe there is a moral obligation to pay one’s debts. They think that asset protection planning is immoral because it prevents a creditor from collecting on a judgment entered by a court. The truth is the U.S. justice system is unpredictable. Defendants are faced with ever-expanding theories of liability, being Continue Reading →
“Emotional self-regulation … (is) integrated into every class.” Many people hear that I teach yoga for kids and the first question is, “How does that work? Isn’t it hard to get kids to do yoga?” That is a great question since we typically think of yoga as a serene hour of relaxation, meditation, and exercise. And when we typically Continue Reading →
Studies have shown that 70% of family wealth is lost by the end of the second generation and 90% by the end of the third. Don’t let your loved ones become part of these statistics. You need to understand, and work to overcome, the disconnect that occurs between generations regarding the transfer of wealth. In this issue you will learn: Continue Reading →
An Advance Directive is a set of documents that are written statements of a person’s wishes regarding medical treatment to be used in the event that the person cannot make the decisions for themselves. A Living Will and Medical Power of Attorney are commonly included in an Advanced Directive. “Modify or create a new Advance Directive if yours does Continue Reading →
I admit it: Legal terminology is confusing. Not only are some words foreign outside of the estate planning world, but sometimes “normal” words carry a legal definition you would have never guessed. And sometimes, the same legal concept has more than one phrase used to describe it. Take “Living Trust” and “Revocable Trust” and “Revocable Living Trust,” for example – Continue Reading →
A child’s wedding day is one of the happiest occasions in life for most parents, especially when they approve wholeheartedly of that child’s choice of mate. Sometimes, however, the choice is not always welcomed and parents become concerned about how to protect assets they plan to leave their children in case of a divorce. Or other times, there simply is Continue Reading →
“MYTH: I have a Will, so my estate won’t go through probate.” • #1: Avoiding probate. After your passing, a Will lands your loved ones in the middle of the probate court while a Trust is administered privately outside the court system. Probate is LONG (average of 12-18 months) and EXPENSIVE (average cost of 5% of the market Continue Reading →
“None of us would be here without our mothers and most of us would not be who we are without their constant care, love and support” May is for mothers. Mothers to be, mothers in minivans and SUVs, State University mothers, mothers of the bride, or even grandmothers. None of us would be here without our mothers and most Continue Reading →
Contrary to popular belief, estate planning is not just about money or taxes. Far from it. Today, it’s more about protecting your assets for yourself and your loved ones, achieving your financial goals, and safeguarding your health care. Money and taxes aside, here are 7 Good Reasons why you need an estate plan: 1. Your health care. Defining how your Continue Reading →
“Did you know that Short-Term Guardianship Documents expire each year?” Mark your calendar Add a task to your online calendar to repeat once a year and remind you to review your document. Wills & Wellness also emails our clients twice a year to remind them. Review your family information Has your family grown this year? Remember to add the new Continue Reading →