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Inside America’s Evangelical ‘purity movement’ where teen girls make pledges to their fathers to stay virgins until they get married

Sounds like a good idea, possibly for inclusion in incentive trust planning: “I want to make a promise to myself and to God that I will stay pure until I get married. “I don’t have to have sex to know that I am loved.” The Purity Movement preaches...

FPC 20180206: Family Protection

  The term “family protection” is used in many different contexts. For example, in insurance planning it often refers to the concept of “income replacement” for a family bereft of its primary breadwinner. What should “family...

How Boomers Are Redefining ‘Legacy’

Some families construct a legacy of memories and real estate, say by buying a vacation property that is held in a trust or other structure so it is equally owned by all heirs. “That keeps it intact for at least another generation and ensures that it is not...

“Estate Planning” Needs an Extreme Makeover

  Great article. Personally, I call my practice “family protection” law and the author appears to be on the same page as me. In its most fundamental state, estate planning should support the family (or the individual) first, and thereafter concern itself...

Pushing Wealth Transfer Plans Into The 21st Century

  Among affluent families, the disconnect between what their current wealth transfer planning does, and what they want their planning to do, is staggering. While 75 percent of wealthy parents say it’s important to leave an inheritance to the next generation, only 20...

Introducing the IT-LIT: Irrevocable Terror Life Insurance Trust

Are 72 virgins really enough? What if they turn out to be 72 Virginians? If you are bound and determined to blow yourself into smithereens or commit some other irrevocable act of terror, at least buy some life insurance so your (surviving) descendants can live like...

Key Considerations for Preparing a Family Legacy Plan

  Over the next 20 years, $30 trillion dollars could be transferred from the current generation to the next, making now a critical time for advisors to discuss multigenerational planning with high net worth clients. Along with planning for the financial inheritance,...

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