Estate Planning

What’s a Personal Representative of an Estate?

We have had many questions about the role of a Personal Representative (PR) when performing a Last Will and Testament. A PR is appointed to execute and administer a deceased person’s Last Will and Testament and assumes a legal fiduciary duty to the estate’s beneficiaries, meaning they must act in the beneficiaries’ best interests. For […]

Do You Have A Will?

Forty-six-year-old Tony Hsieh was the CEO of Zappos, the popular online shoe and clothing company that became famous for its ‘no-shipping costs’ service strategy.  Tony had a net worth estimated at $840 million and was an extremely bright individual.  Unfortunately, he passed away from burn injuries sustained in a house fire in November of last […]

Are You Missing This Tax-Saving Opportunity?

I received a question from a lady regarding her 87-year-old mother-in-law asking if she qualified for a property tax exemption? OUCH! Her mother-in-law has missed the opportunity to save perhaps hundreds or thousands of dollars over the past twenty-two years. Here’s an excerpt taken directly from the State of Alabama web site: I AM OVER […]

Do You Need a Trust in Your Will?

The good news is you have a will that outlines what happens to your stuff at your death.  One question that people often overlook is, “Do I need a trust” for a portion or all my assets?  Most wills don’t include trusts and leave assets outright to a spouse or children.  But in many cases, […]

Fourth Quarter Financial Planning Series: ESTATE PLANNING

Smiling man and woman looking at computer tablet while a man in a suit explains something to them

So far, in this series, we’ve covered Investments, Taxes, and Insurance.  Now let’s look at estate planning with an emphasis on digital assets. Most people understand the importance of having a basic estate plan in place.  Unfortunately, at least one-third of American adults don’t have one.  The reasons vary, but the most dominant is procrastination.  […]