Probate Attorney Blog

If you are like most of the people I know you probably haven’t spent a ton of time thinking about financial planning. And because of that you are making these financial planning mistakes. Sure, you have thought about retirement and paid slight attention when the 401K rep comes into your office to talk about their plans, and you may have a financial planner that is helping you manage some of your extra cash. But have you really thought about how…

“I’m not leaving my kids anything.” I wasn’t expecting to hear that from Tom, but I completely understood his point of view. “I don’t want them to waste all of my money, become lazy, and never amount to anything in their lives,” he said. “I want my kids to have the same kind of work ethic I do, and I think knowing that you’ve got a big inheritance coming, or actually receiving it, is a recipe for disaster.” “What if…

A pay on death account is a special type of bank account that allows for all of the money in that account to pass to the named beneficiary of the account without having to go through the probate process. When the person who owns the account dies, the person named to take it over simply has to show the bank a copy of the owner’s death certificate and they are entitled to the money in the account. Why Use a…

We all deserve to live a rich life. We all deserve to achieve financial success (whatever that means to you). And we all do things every day to get in the way of reaching our financial goals and living a rich life. In this episode of the #RichLifeLawyer Show we’re going to talk about three ways you are sabotaging your financial success. What Does this Have to do with Estate Planning Lawyers? That’s a great question. No, we are not…

Imagine this scenario. You are married, but your spouse has passed away. You are 75 years old. You have two kids, Jack and Jill. Jill is a great person. College graduate. Married. Has kids of her own. Has a career. You talk to her every week and visit at least three times a year. Jack, on the other hand, is not so great. He was always the wild one, and after years of trying to help him out you cut…

Believe it’s impossible to make one million dollars in your lifetime? With the power of compound interest, anything is possible. There was once a man on his deathbed. He had two sons he loved very much. The man had been very successful in his life and had a lot of money to give to his family. Because he cared for his sons so much, though, he wanted to provide one final life lesson. “Sons,” he said. “You know I have…

This is one of my favorite topics. I am a total bookworm, I cannot get enough of it. I’m reading books on everything. Law, obviously. Management. Leadership. Wealth. Strategy. Finance. Marketing. All of it. Those are the things I’m interested in. But you know, there’s a lot of free information out there that can really make you a ton of money, set your family up right, and really get you in a good frame of mind too. Because this life…