A 2015 survey by CNBC showed that 38% of individuals with investable assets over $1 million or more have not consulted with an estate planning attorney to establish and estate plan. Among individuals with $1 million to $5 million that number held steady at 39%. Among individuals with $5 million or more, the number decreased slightly to 32%. To put this another way, nearly 4 in 10 people with significant assets don’t have any plan in place to make sure…
#RichLifeLawyer Show 016: Five Habits of the Super Rich (and how to adopt them) In this episode of the #RichLifeLawyer Show we talk about the five habits of the super rich. Why are we doing this? Is it so that we can all become super rich? Nope. Is it to make you feel bad if you aren’t super rich? Nope. The point here is to take a look at these habits and see how simple they are. These are things…
#RichLifeLawyer Show 005: Estate Planning with a New Kid I have some big news. Huge. Last Monday, on May 2, 2016, I had my third kid. His name is Dillon. He’s awesome already. And, as is usual, my life makes excellent content when it comes to estate planning. Now that we have another kid, we probably need to update our estate plan. Or do we? Do find out what estate planning needs you have when you have a new kid,…
In case you didn’t know, my wife and I just had our third kid, Dillon Steven Small, on May 2, 2016 at 8:29 a.m. You would think this would be a joyous occasion for all. But it wasn’t necessarily so. See, we had a c-section for Dillon, just like we did with all of our other kids. That’s just the way things shook out. And some people didn’t like that. They thought natural birth was the only choice to make…
#RichLifeLawyer Show 015: Three Qualities of Financially Successful People On this episode of the show we’re talking about how to become financially successful. I think what you’ll find as we go through these qualities is something surprising. First, there is nothing special about these qualities. It doesn’t take an extreme amount of smarts or discipline or a big financial base. It’s simply making good decisions consistently. Second, none of these create fast wealth. When it comes to becoming financially successful…
#RichLifeLawyer Podcast 004: How to Give Your Money Away to People You Don’t Like No, that’s not a misprint in the title of this show. Today we are going to talk about how to give you money to people you don’t like. Don’t think it’s possible? Listen to the show for a dramatic example of the way that things can go really bad if you aren’t paying attention (and how to easily fix it). This show is one of those…
Estate Planning Attorney Definitions: Executor Most people have heard of the term “executor” as relates to estate planning. But do you really know what it is and what they do? Today you will! What is an executor? An executor is someone named in a will, or appointed by the court, who is given the legal responsibility to take care of a deceased person’s remaining financial obligations. This means taking care of everything from disposing of property to paying bills and…
