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Estate Planning

Some thoughts on selecting fiduciaries

Posted on: September 27th, 2019
Fiduciaries can hold a lot of power when it comes to the successful execution of one’s estate plan—they make crucial financial decisions, act as advocates for a client’s wishes, make sure an estate’s debts are settled, and ensure that each beneficiary gets what they were intended to receive. As such, clients must be careful to choose the right individual to carry out these duties can be the difference between successfully carrying out a client’s wishes and a complete calamity. When it comes to choosing the best individual for the role, many are immediately inclined to choose a loved one. But sometimes...

Should I let my children know about their inheritance?

Posted on: April 10th, 2019
In a recent WSJ retirement planning column, columnist Glenn Ruffenach answers a question about whether you should let your children know about your inheritance plans....

New survey reveals baby boomers are not preparing

Posted on: April 10th, 2019
A new survey, Boomer Expectations for Retirement from the Insured Retirement Institute, reveals baby boomers are not preparing for retirement or end of life matters. Read more here......

With a changing society, how we grieve and remember loved ones has changed

Posted on: March 3rd, 2019
In a recent WSJ article, Claire Annsbury examines how a changing society, more separated than ever from traditions, remembers loved ones....

Univ of Minnesota provides useful tool for managing family conflict over personal property distribution

Posted on: December 29th, 2018
The University of Minnesota has published a tool that can help families manage conflict over personal property. The "Who Gets Grandma's Yellow Pie Plate?" (WGGYPP) workbook shows families how to transfer personal property. Use to plan ahead, or help make decisions when someone dies. It is filled with hands-on worksheets, practical suggestions, proven strategies, and real-life stories. This workbook will help you and your family to: Recognize the sensitivity ......

Recent WSJ thoughts on direct gifting to grandchildren

Posted on: December 29th, 2018
In a recent WSJ planning article, the following question was posed: Questions: You recently wrote about estate planning and leaving a “legacy.” I have a more specific question: Should I include my grandchildren in my inheritance plan? Answer: Most people seem to leave everything to their adult children, but I know some couples who are naming both children and grandchildren as beneficiaries. A difficult question, ...
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