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Tag: inheritance

Conscious Bequests: Inheritances That Help, Not Harm

One of the biggest conundrums of estate planning is considering how, or even if, you can give money or property to your heirs in a manner that will help them. How can leaving money to someone not be helpful? Research shows that receiving a lot of money can certainly...

Leaving Money Wisely To A Spendthrift Heir

A common estate-planning question is whether it makes sense to leave inheritances with strings attached. My typical answer is “it depends.” It’s natural to want your legacy to be used wisely, but trying to control from beyond the grave can have...

Why Paying Executor Is Fair To Estate And Heirs

Does the executor of an estate deserve to be compensated for that service? Absolutely. As last week’s column pointed out, serving as an executor is often a time-consuming, emotionally draining task. Yet the issue of payment for an executor, especially one who is...

The Dubious Honor Of Serving As Executor

I recently heard from a former client who wanted to reengage our services. Naturally, I asked her why. “I was named the executor of my father’s estate last year, and I now have a huge appreciation for what you do.” Whether one is named as the executor or...

Legacy Parenting and Financial Planning

Watch this video on YouTube Fiduciary, client-centered financial planning is dynamic, ongoing, and evolving. The collaboration between client and planner is a relationship that often lasts for a client’s’ lifetime. Sometimes that relationship even extends...