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Category Archives: Estate Planning

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Estate Plan Gone Bad

Some people have taken the time to do some estate planning only to have it blow up in their face after they have died.  The chance of this happening grows substantially in correlation with the number of years since you last updated your will and

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Beneficiary Issues

Most of your assets will never pass on through your will (assuming you have one).  IRA’s, 401k’s, life insurance and annuities all have direct beneficiaries that were recorded when you first signed up for them.  For many of those assets, that information may be outdated.

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Is a Private Pension in Your Future?

With CD’s paying next to nothing, we need some creative ideas to generate more income during retirement… Most of us have a notion on what a “pension” is, as you or someone you know may be fortunate enough to have one.  A pension is a

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Life Insurance Key to Retirement Spending and Legacy Plan

Over the past several years, most of the clients that I have advised to purchase life insurance are retired and have no dependent need. The insurance has greatly helped their retirement spending and legacy plan. The only thing that would have been better is if

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One Powerful Financial Move for Kids (or Grand-kids)

Turn $500/Year into $500,000! I recently created Roth IRA’s for my kids and put $500 into each account. With a little guidance from me, the kids will each choose to become stock owners of one company. Going forward I will encourage them to save by

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10 Financial Things To Do Before Year End

       There are a lucky 13 days remaining in 2014 it’s not too late to consider at least one of these financially savvy ideas: Taxing matters If you’re paying estimated taxes, now would be a good time to review your payments, especially if you had

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Have You Had “The Talk”?

“The Talk” I’m not referring to “the talk” with your teenage children about sex, but rather the “parent and adult children talk” about the parent’s estate plan. Have you had this conversation? Most people have not. My sister Lori is coming to town this weekend

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Robin Williams’ Solid Estate Plan

This week we heard of the devastating news of the passing of Robin Williams.  Although there is complete sorrow in the loss of an individual that literally touched the lives of millions of people, this article demonstrates how there were positive lessons learned by the

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Why Retirees Would Want Life Insurance

If you have a desire to leave money for your spouse or kids, life insurance is the best asset to leave them.  Notice I said “asset,” not  “investment.” At death, don’t investments morph into just another asset? I think so and I try to convey

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“Cameron Frye, This One’s for You!”

This is a guest post written by Clifford Holm, an attorney with Fuchs & Roselli, Ltd. www.frltd.com.    In 1986, a budding Chicago philosopher looked us square in the eye and cautioned us all: “Life moves pretty fast. If you don’t stop and look around once

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