MEMBER FORUM HIGHLIGHT -- Estate Planning Now or Later?

Q: I’m just beginning with regard to investing – do I need to do any estate planning now, or hold off until later? 

A: Of course, business owners and investors are most likely to need estate planning, but there are elements to it that apply to everyone.  For example, everyone should have a will and a living trust.  Then, as you start making investments, you’ll title those assets to the trust.  As you begin that process, make sure you’re working with an estate advisor and your usual tax advisor.

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Incapacity & Intestacy


Do you know the advantages of having a living will and trust? Do you know the importance of a durable financial power of attorney? Do you know what is intestacy?

If you answered "no" to any of those questions, then stop what you're doing and watch this video. In it, I'll help you understand the importance of estate planning basics, such as the ones mentioned above.

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MEMBER FORUM HIGHLIGHT -- Estate Size Matters?

Q: Given the fact that my estate is small right now, what should I be doing for it estate planning-wise? 

A: At the very least, make sure you have a will, living trust and any necessary medical documents in place.  This will establish a foundation you can grow with.  And as always, make sure your estate and tax advisor are involved in the process.

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MEMBER FORUM HIGHLIGHT -- Estate Planning & Living Trusts

Today's Member Forum question we're highlighting deals with estate planning and living trusts: 

Q: Should I place my entity into my living trust? 

A: Yes, generally speaking, the trust will own the entity/asset.  You want to do this because the whole point of your trust is to avoid the probate process.  Therefore, you cannot have the asset titled in your name.

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