Tag: Estate Planning
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Wondering if a Trust Should Inherit Your IRA? Here’s What You Need to Consider.
As an advisor, I have a guilty pleasure of attending “financial events” where I already know most of the content that is presented. Inevitably, there are one or two interesting facts that I did not know (which makes it worth going to). Here is one I heard last month: “Married couples should name their revocable…
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Does My Family Need a Trust? How Business Owners Should Think About Trust and Estate Planning.
What would happen to your business if you weren’t around tomorrow? Does your family have a plan for your wealth if you were gone? The whole domain of trusts and estate planning can feel overwhelming to those with little experience. On the other hand, a Revocable Living Trust is one of many helpful tools for…
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Do We Need a Buy-Sell Agreement? What a Buy-Sell Agreement is and Why it is Important.
When starting a new business, there are a million things to do. Besides the pressing issues like registration, billing, or getting the first few customers, there are also a handful of important but non-urgent items you need to check off. One of which is whether you need to establish a buy-sell agreement with your business…
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Do I Need a Will? Why You May Need a Better Estate Plan.
One of the reasons why money creates stress in people is because they don’t know what will happen in the future. People don’t fully understand how different life changes would impact their finances and whether or not they should worry about it. The concept of an inheritance is older than the Bible, yet the planning…
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How To Create Your Own Financial Plan
What Is a Financial Plan? Financial planning is critical with how important money is in our lives. A reason you may feel stressed financially is largely because you do not have a plan. A Financial Plan forces you to review each aspect of your life and money so you can maximize your impact and reduce…
TC Falkner 