How many of us have wanted to win the lottery? I have. How would winning the lottery effect your estate plan? This article is the first of a two part series. Here we take a look at avoiding pitfalls, even if you did not win the lottery. The second part concerns planning strategies to consider. Last week, a very lucky individual in San Jose, California, purchased the winning Mega Millions Jackpot ticket, matching all six numbers. The winner can choose between payments totaling $543 … [Read more...] about Planning for Lottery Winners, Part 1 of 2
Estate Planning Considerations – Taxes
This sixth article focuses on how taxes should be considered in planning an estate. This is part of a series of blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs. When planning, taxes are an important consideration. Of course, that does not mean they are the only consideration, or even the most important consideration. That’s the reason taxes appear as the final estate planning consideration on the list. Taxes really break down into … [Read more...] about Estate Planning Considerations – Taxes
Estate Planning Considerations – Beneficiary Designations
This article focuses on beneficiary designations and the need for coordinating them with the overall plan. This is part of a series of blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs. The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the distribution of assets at death. The second article in the series focused on how an estate plan should take into consideration the … [Read more...] about Estate Planning Considerations – Beneficiary Designations
Last Will and Testament 101
Estate Planning: Last Will and Testament 101 I hear people all the time say why do I need a last will; it’s all going to go to my spouse anyway. Then I tell them the following story. I recently ran into an old friend whose spouse had passed away unexpectedly. She soon found out that her spouse did not have a will. She assumed that because they were married, everything would go to her when her spouse passed. Boy was she wrong. When a Kentucky married resident dies without a will, their … [Read more...] about Last Will and Testament 101
Planning for the Unexpected
Estate Planning is not just for people you consider "old"; it is for everyone. Take Charlotte Fox for example. She was one of the most famous mount climbers ever, who fell down her stairs at home. Are you planning for the unexpected? This article looks at the elements of a basic plan. Planning for the Unexpected June 6, 2018 by Steve Hartnett 0 Comments Charlotte Fox was an adventurous woman. She was a serious mountain climber and reached the summit of some of the world’s … [Read more...] about Planning for the Unexpected
