Being asked to be the executor of an estate is a significant responsibility and an honor. However, it’s crucial to carefully consider several factors before accepting this role. Here are six key things to ponder: 1. Professional Liability If you are…
How to Avoid the 5 Biggest Fights Over Death and Legacy
One of the most selfish things a person can do is neglect to plan for those they leave behind after they die. Some people simply don’t care, expressing their indifference through inaction and hoping everything will just work out. However, anyone…
Confronting Denial: 7 Steps to Prepare for a Positive Legacy
Denial is a powerful force in human emotion, often allowing people to maintain harmful habits. Whether it’s smoking, overeating, or indulging in other vices, denial helps people justify their actions. However, there’s one form of denial that is universal: planning for…
Budgets Are Not Fad Diets: A Path to Financial Health
Maintaining financial health shares many similarities with maintaining a healthy diet, yet the consequences of straying from a financial plan can be far more significant. When you indulge in something with poor nutritional value, your body often responds quickly, like an…
Estate Planning: Essential Tips for Distributing Assets Fairly and Effectively
When it comes to estate planning, there are several crucial considerations to ensure that your wishes are carried out smoothly and fairly. Here are some key points to keep in mind: 1. Thoughtful Distribution to Children Children can be biological, adopted,…
Embracing Order: 7 Steps to Prevent Chaos and Preserve Your Legacy
The aftermath of death often brings a whirlwind of confusion and disorder, but it doesn’t have to be this way. With some forethought and preparation, you can significantly reduce or even eliminate potential problems. Here are seven simple steps to help…
7 Crucial Factors to Consider Before Drafting a Trust or Will
Creating a trust or will is a significant step in planning for the future and ensuring your wishes are honored. Here are five crucial factors to consider before drafting these essential documents: 1. Addressing Children of Different Ages and Backgrounds When…
11 Essential Steps for a Positive Legacy Transfer
Many people put little to no effort into planning for their death. Whether it’s denial, laziness, or simply not caring, this mindset can lead to chaos for loved ones left behind. If you want to be remembered as someone who took…
Six Things to Consider Before Asking Someone to Be the Executor of Your Estate
As a professional wealth manager and financial advisor for over three decades, I’ve yet to encounter an Executor who had a completely smooth experience without challenges. Finding someone willing to take on this role again after their first experience is rare….
10 Reasons Why Digital Accounts for Important Information Are Better Than Paper
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