Future-Proof Your Estate Planning Process
The Three-Year Review and the Three-Year Plan Take a moment to review the circumstances of your life from three years ago. Think about what you knew and what you did not know about managing your wealth. What were the top five important lessons you learned? In what ways have your views about money and wealth
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The Legacy of Earl Long
1. What is fair might not be equal, but may it may be appropriate. 2. When you know what you have and who are the natural objects of your bounty you can give what you want to whom you want, when you want and the way you want. 3. Whatever you say in your estate
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Don’t Pay Taxes Unnecessarily
A Great Way to Minimize the Federal Estate Tax with Portability You may be surprised that for most people, the federal estate tax is a voluntary tax. It is an old saw among estate planning attorneys that “you only pay if you don’t plan.” With recent changes in the federal estate tax law, portability provides
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RELATIONSHIPS ARE THE MOST IMPORTANT THING
What you need to know: Estate planning is not a transaction – one and done deal Your relationship with your estate planning lawyer may be the most important thing. In the USA Today section of the Sioux Falls Argus Leader published on Easter Sunday, an article caught my eye. The article appeared under the headline
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The Best Thing about Mistakes
We all make mistakes in our lives. We all make mistakes with our finances. The important thing about making mistakes is to learn from them. We should try not to repeat our mistakes. When we do make mistakes and we learn the lessons they teach, we should try to find a way to pass the
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Thoughts on Social Security
Three key things you need to know about Social Security benefits. If you do not know these things about your benefits, your benefits can be reduced. This reduction in benefits can last for the rest of your lives. Here are three pitfalls to avoid in taking your benefits. The key points to remember 1. Postpone
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Minimize Hassles to Improve Quality of Life
Everyone faces hassles in life. We can't escape them completely, but if we can minimize them, our quality of life improves. There are hassles in managing your finances and wealth, too. Here are five tips that will help you get financial aggravation under control. The Key Takeaways o Minimizing hassles helps reduce stress and improves
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Taking Care of Your Most Valuable Asset (YOU)
The combination of your talents, experience and skills represents an asset. Like any asset, it should be managed and protected. You should keep yourself healthy, have sufficient insurance protection, plan for both the near term and the future, invest in yourself, and having contingency plans if a sudden turn occurs. The Key Takeaways o You--your
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Comprehensive Financial Planning to Avoid Common Worries
A comprehensive financial plan that is effectively executed delivers dollar savings in improved investment returns, lower taxes, lower fees, more efficient wealth and more stable income. However, an important outcome of this process addresses what may be on your worry list: running out of money, family strife, unexpected losses and making financial mistakes. The Key
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Managing Risk and the First Level of Asset Protection
We use a variety of insurance products to manage risk in different areas of our lives in order to protect our wealth from losses that can come from property damage, businesses we own, disability, retirement and death. Instead of considering these products as separate items, make them part of an integrated, overall risk management plan.
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