I have a weakness. I’m not proud of it, but it exists, and I own it 100%. If I have the chance, and I’m interested, I will binge watch an entire season of a show without thinking twice about it. In fact, it just happened to me. The show? Containment. The network? Netflix. And that’s how we get to the part about me getting all choked up. Without spoiling the entire series, there was a woman who had a kid,…
Vanderbilts and Rockefellers. One family created wealth that has lasted 6 plus generations and more than ten x’d their wealth. One family has no millionaires in it only 3 generations later… There’s nothing to say for this one. Watch the video or listen to the podcast. There’s a ton of great information in there. Christopher Small is a Seattle estate planning lawyer who helps people get rich and live forever. He is also the owner of CMS Law Firm LLC….
This is an email newsletter I recently sent out to my people. If you want don’t want to miss this type of content, please subscribe to my newsletter by clicking here. No, don’t worry, this isn’t a political post. We’ve had plenty of those already. But it is a post about politics. I have to be honest, I’m not extremely political, but I can’t take my eyes off of presidential races. For me it’s not about the politics, or the…
In a perfect world everyone in our family would be perfect. But this isn’t a perfect world. Today’s episode talks about how to deal with beneficiaries in trouble (to make sure they get what they should but don’t waste what they shouldn’t)… I’ve had countless clients come in to talk to me about estate planning that want to make sure of one thing: if there is someone in their family that has problems, whether a drug problem, an alcohol problem,…
On today’s show we discuss what happens when a parent gives everything to one child and that child feels obligated to give to their siblings… I had an interesting conversation the other day with a client. She had been given everything from her mother, effectively cutting out her other siblings. She felt obligated to give them some of the assets but was hesitant because she thought they would be wasted. She wanted to know what she had to do, what…
On this episode of the show I talk about the effect of the Trump Presidency on estate planning… Here’s the short version of the show: if you are rich, you are going to love Trump and estate planning. He wants to completely repeal the federal estate planning tax. That means you pay no tax when you gift away your assets when you die. Whether or not this will be possible from a fiscal standpoint remains to be seen, but for…
On this episode of the show we talk about how to give specific assets away with your will… An important thing to remember here is that when you give your possessions away you need to think about what you want to happen if that person dies before you do. Does your will give the possession back to your estate? Does your will give the possession to the heirs of the person you gave it to? Does your will give the…
