How Much Power Does the Personal Representative Have When Distributing Assets? This definitely falls under the “estate planning attorney frequently asked questions category” so I wanted to take a few minutes to talk about at and put your fears to rest. One of the common questions I am asked surrounds the Personal Representative’s (also called Executor in some places) power to distribute assets when they take on the role. Many people are worried the personal representative is simply going to…
25% of 2018 Is Already Over… Can you believe we are already one-quarter of the way through 2018? Believe it. Time flies when you’re having fun, when you’re having a bad time, and whether you want it to or not. This week’s episode is all about reminding you that it’s up to YOU to take control over your life and the things you want to get done, before it’s too late. And this doesn’t just relate to estate planning (though…
How My Hole In One Is Like Estate Planning Last week I achieved something that not many people do: I had a hole in one on the golf course. It was pretty cool and pretty fun, and a long time coming. But thinking about this hole in one and how it relates to estate planning the connections became immediately clear. The primary connection between the two is the randomness of the event. I had no idea I was going to…
Hello! I hope you’re having a great week. I am. I just got back from a little vacation where I had my first ever hole in one! It was a pretty cool experience. My first one ever. But that wasn’t the cool part of the trip. The cool part was getting to see and experience and talk to people of all different walks of life from around the world. And it got me thinking a little… I don’t know if…
The Give and Take of Estate Planning Estate planning is like most anything else… For every give, there is a take. Today I wanted to focus on that and remind you that no matter what you do there will be benefits and consequences. This discussion came from a potential client meeting I had the other day where we were discussing estate taxes and how to avoid estate taxes. Here are a couple of quotes from that meeting. “You can avoid…
Hello! Hope you are having a great day, week, month, year, and life. Be Selfish… We all know the instructions we hear before a plane is about to take off and about what to do if the oxygen masks drop while the plane is in flight. “Please take care of yourself before taking care of any children or helping anyone around you.” The same principles apply in estate planning. What does that mean exactly? Too often I have people come…
Be Selfish… I can’t tell you how many people come into my office wanting to talk estate planning and immediately try to do everything they can to live as poorly as they can to leave as much as they can to their family. I tell them all the same thing: BE SELFISH. You know those instructions they give you before you take off in a plane? “If the oxygen mask falls place it over your mouth before helping others…” That…
