To tell or not to tell your children, are they ready? What should you tell your children about your estate? How much do you tell them about your personal or business finances? How much do they need to know? How much of it is simply none-of-their-business? These are questions we […]
The Danger of the “Trust Fund Baby” I was interviewed about the trust fund baby problem by SuccessCouncil.com after my presentation at FreedomFest (2015). Success Council was interested in getting some practical advice on how to help children inherit wealth without harming themselves, their family and their community. They had a […]
Using Your IRA for Charitable Gifts If it becomes law, the Legacy IRA Act will be a powerful tool for both retirement planning and charitable giving. Currently, there are only two ways to give your IRA to charity without triggering a tax. First, if you are age 70 ½ or […]
When estate planning is done in such a vacuum, even if your assets set up to take care of your family over time, the result will be devoid of the heart and history that went into the construction of it. Much like the legendary Library at Alexandria which housed countless volumes of priceless information, your life has been built with the hard-earned lessons and experiences that have been instrumental in making you who you are. When your descendants know where they come from and the kind of strength that lies behind them, they are empowered to move forward in the same spirit that brought them to this point.