Your estate plan is the comprehensive guide to your wealth and property when you pass away or become incapacitated physically or mentally. Whenever you experience big life changes – marriage, divorce, buying a home, death of a loved one, birth of a child, etc. – it’s important that you update your estate plan to reflect those changes. As a physician, there are a few other areas to pay attention Continue Reading
Common Estate Planning Roadblocks and How to Work Through Them
For the most part, people agree that estate planning is important and necessary. After all, if you don’t specify what happens to your money, your assets, and even your children after you die, someone else will. Unfortunately, many people die without having an estate plan in place. According to Gallup, a little more than half of Americans die without having a living will. And more than 70% of Continue Reading
Estate Plan Moves for Your 40s
By the time you’re in your forties, you should have a pretty thorough estate plan in place. You might have kids and a spouse to think of, are more established in your career and typically have some assets to your name. Don’t panic if you’ve barely begun on your estate plan. It’s simple to put the basics in place, and you can fill in any gaps from there. That being said, if you’re missing Continue Reading
The Best Financial Gifts to Give Your Loved Ones
What are you giving your valentine this year? Most people opt for candy, flowers or reservations at a nice restaurant. Unlike chocolate and roses, there are some financial gifts that show your love while truly standing the test of time. Here are some of the best financial gifts you can give to show someone you care: Life Insurance If you have loved ones that depend on you and your Continue Reading
Estate Planning for Young Families
In the excitement and exhaustion of caring for young children, estate planning is probably not be at the top of your priority list. But all families, especially those with young children, should have a basic estate plan in place. If something unfortunate were to happen, your family would be grateful that you took the time to put a plan together. Here are nine things to keep in mind as you Continue Reading
Estate Planning Lessons We Can Learn From Cinderella
We’re all familiar with the story of Cinderella. Her mother died when she was young, and she was raised by her loving father. Eventually, he remarries in order to give his beloved Cinderella a stepmother and stepsisters. Then Cinderella’s father dies and leaves everything to the stepmother, who uses the inherited riches for herself and her two daughters. The stepmother and sisters are cruel to Continue Reading
7 Financial Planning Mistakes You Don’t Want to Make
Becoming wealthy doesn’t mean you have to invent a billion dollar idea, become CEO of a company, or strike it rich. Even a meager salary can lead to long-term financial security if you make smart decisions along the way. However, you can just as easily derail your financial success if you make poor decisions and mistakes. Characteristics and Habits That Lead to Trouble Over the past few Continue Reading