DAVID RAE, CFP®, AIF® is a Los Angeles-based Wealth Manger with Trilogy Financial Services. He has been helping friends of
For more updates, follow Carrie on LinkedIn and Twitter. Consult with an estate planning attorney I have two grown sons: one
Grandma's good china may not be among them.
As of 2013, American retirees were ranked the sixth most generous in the world in terms of amount of assets passed to family
Wealth management usually comes in two parts: financial planning to increase and manage your wealth, and estate planning to protect and pass the wealth along to heirs with as few taxes as possible.
Speaking from beyond the grave.
Some commentators also suggest that the entire will signing ceremony be recorded on video as an additional source of evidence concerning the mental state and competency of the testator. This is not legally required and a testator should consult her or his attorney.
Actively making decisions on even a small amount of money can be a valuable experience. How heirs make decisions and problem-solve as a group is at the heart of this exercise.