What You Give Up with a Local Estate Planning Attorney
[Central Coast residents: You can safely ignore this article because we are here to help you with comprehensive planning.] Most of our local clients prefer to have the first meeting in person at our office in Morro Bay. After that initial meeting, many of these local...Hiring Family Members to Work for Your Business
The decision to hire family members for your business is a delicate balancing act that involves both personal and professional considerations. Working with loved ones can create a sense of trust and unity within the workplace and has been shown to increase business...Is your Trust a Parachute or merely a Safety Net?
There is a wonderful recent story about a Minnesota family that has baptized 27 babies over three generations with a baptismal gown made from the World War II parachute that saved grandpa’s life! I’m always coming up with analogies for trusts and often use...How to Talk to Your Family About Business Succession
Benjamin Franklin famously quipped, “If you fail to plan, you are planning to fail.” From the very beginning, you had a plan for your business to succeed. You set goals and developed methods to achieve those goals. Your business has stood the test of time because you...Prodigal Son Breaks News To Dad That He Spent His Entire Inheritance On Gender Studies Degree
I stole the title of this post from a great Babylon Bee article that just came out. For those who don’t know, Babylon Bee is satire. Strangely, their satirical articles often do come true. And this particular title hews closely enough to family settings often...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...Seven Tips For Managing Sibling Wealth Disparity
The starting point for dealing with wealth disparity is having a common understanding of what family means for this generation and developing a shared vision for how to be a family in the future. This shared vision, based on the identification of shared values...Move over, millennials — members of Generation Z are ready to work
Ready for labor…and defense? In their first job, 70% said they want stabilityHaving come of age at the height of the recent financial crisis, job security is top of mind for people in Generation Z, according to experts. As a result, some of their...A family therapist says too many parents make the same mistake and end up with spoiled kids – SFGate
“What spoils kids is not letting them taste the natural consequences of their mistakes. When we give them the impression that their choices don’t have natural, logical consequences and we rescue them from those — when we say, ‘Hey, you do that...Millennial Money Matters
Yikes. If ever there was a need for financial mentorship, it’s now. And yes, you can do that with your estate plan. How millennials feel about money and financial issues, in eight charts Source: Millennial Money MattersHow 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...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...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...A Quarter of Millennials Who Live at Home Don’t Work — or Study – Bloomberg
Among 25- to 34-year-olds living at home, one in four is neither enrolled in school nor working Source: A Quarter of Millennials Who Live at Home Don’t Work — or Study – BloombergSix Steps to Help Parents Prioritize Their Paychecks
Parents of young children usually have more places that their money needs to go than they have funds to cover every current and future obligation. You can help them sort out where to put each and every dollar each month so that short-term concerns are...Census: More Americans 18-to-34 Now Live With Parents Than With Spouse
The Number 1 living arrangement today for Americans in the 18-to-34 age bracket, according to the Census Bureau, is to reside without a spouse in their parents’ home. Source: Census: More Americans 18-to-34 Now Live With Parents Than With...Protect multiple generations with a dynasty trust
Regardless of the tax implications, there are several nontax reasons to set up a dynasty trust. First, you can designate the beneficiaries of the trust assets spanning multiple generations. Typically, you might provide for the assets to follow a line of...Should you use your retirement savings to pay for kids’ college? – MarketWatch
The kids can work their way through college like we did. ‘Should I dip into my retirement account to pay for college?’People do it, but most financial professionals advise against it. At the very least, experts say, you should limit such withdrawals, so as not...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...Think Like a Green Beret: Problem Solving
Green Berets rely on their problem solving abilities to survive in combat. Much of SF selection seeks to assess this talent and the Special Forces qualification course develops and improves creativity. Many times, military problems must be solved with the...Is online college about to skyrocket?
Higher education is in a bubble, and bubbles burst. Will it be as bad as the housing meltdown and financial collapse 2008-09? That’s hard to say. Mega-banks aren’t bundling and selling worthless college degrees; those losses are left to fall on individual...Eight Things Clients Need to Know About Athletic Scholarships
Just 2 percent of high school athletes snag sports scholarships at NCAA schools. Here’s how to guide parents convinced their child will get one. Source: Eight Things Clients Need to Know About Athletic ScholarshipsElite College Prices Now Exceed $70,000 a Year
Many people will be surprised to learn that a vast majority of schools routinely disregard their own price tags. So, why do they do that? Because, despite all the media hype about how hard it is to get into college today, it’s a buyer’s market at most colleges....Is college worth it?
College is no longer a place where students learn to be independent thinkers, but instead learn to march in lockstep with the fascist left. That’s the only “education” the progressives recognize as worthwhile. These are people for whom “snowflake” is a...The Other Reasons For Estate Planning
Good discussion of incentive trust planning: Many subjects that serve as substantial planning motivators aren’t found on client questionnaires and are frequently absent from planning discussions. Source: The Other Reasons For Estate Planning (Well actually, we...Independence Is Not Just for Young Advisors
So how does someone determine if he is “too old” to make independence work? It really comes down to a few key characteristics shared by those advisors who took the leap: They really wanted it. They believed in their ability to migrate clients and grow. They had...Life Insurance: It Was Never Just About Taxes
This article raises important points — plan for the long-term and don’t let taxes direct the planning over more important goals — plus it’s a good review of the many benefits of life insurance. But as I’ve previously noted, the...Trump’s Legacy of Winning
[bctt tweet=”.@realdonaldtrump: You’ll say Mr. Pres we win #2A much, can’t take it & I’ll say #MAGA” username=”guntrust”] Trump’s legacy of winning is motivational for any individual, family, business or country....Six Things Family-Owned Firms Should Know About Succession Planning
Among the chief goals of succession planning is providing continuity of management and minimizing the tax costs of transferring property interests to new generations.Source: Six Things Family-Owned Firms Should Know About Succession PlanningMarijuana causes schizophrenia, heart attacks, and firearm prohibition
And don’t forget it also bars you from possessing a firearm, under at least federal law. Marijuana does raise the risk of getting schizophrenia and triggers heart attacks, according to the most significant study on the drug’s effects to date....NRA-ILA | New “Watchlist” Sends Outspoken Academics into a Tailspin
A new website is keeping track of radical leftist professors; mainstream media and academia are having a fit: And it’s REALLY not common sense, according to a growing roster of anguished media accounts, to aggregate a list of online news stories about academics...Constitution 101 — A Hillsdale College Online Course
The Constitution secures your freedoms as an American.Understand it like never before in Hillsdale College’s free online course. The U.S. Constitution is the key to securing liberty for all Americans — yet very few know exactly what it says, and...Millennials lack basic survival skills, research shows
YOUNG people are clueless when it comes to basic survival skills such as tying a knot or sparking a fire from scratch, according to research. Source: Millennials lack basic survival skills, research shows | UK | News | Daily ExpressHow to Win Grants from the Trump Administration
Grant writing expert Dr. Drew has solid conservative credentials — I should know, I ran with him on a tea party slate for Central Committee. I’ll bet things will certainly change for those promoting climate fraud. Trump’s stunning win will...10 Ways to Cut the Cost of College
Picking a low-cost school isn’t the only way. Source: 10 Ways to Cut the Cost of College And don’t forget that college planning should also be part of your estate plan — go to http://Protect.LIFE to arrange a free estate plan design meeting...Twelve “Star Wars” Lessons For Becoming A Financial Planning Jedi
A truly nerdy advisor with too much time on his hands put this together. Why nothing on Star Trek TOS? In preparation for “Rogue One: A Star Wars Story,” here are 15 lessons from the film series to help you be a financial planning Jedi. Source:...University Stands By ‘Problem Of Whiteness’ Course — What do YOU PLAN to do about it?
Liberalism is a mental disorder, and really has no place in the education of your child. What do you PLAN to do about it? American families can seize power again with their estate plans, if they care enough to do so. “Have you ever wondered what it really means to be...Florida sheriff gets around campus carry ban by deputizing volunteers
While the Sunshine State prohibits carrying concealed guns on college and university campuses, a historic private college has teamed with a local sheriff in a first of its kind program to arm faculty.Southeastern University joined the Polk County Sheriff’s...#AssetProtection: How “Gamification”’ Can Improve Family Education and Engagement
Family businesses spend an extraordinary amount of time and capital (financial, human and intellectual) on skill building and education within the family system. Rising members of the family system must master many different skills. Some of these skills can be...UC Hastings Dean Calls Out Bar as Trade Association Masquerading as State Agency
University of California Hastings College of the Law Dean Faigman has called out the Bar as a “trade association that masquerades as a state agency” and keeps bar exam pass rates unconscionably low. When I attended Hastings in the eighties, it was...#AssetProtection: Twelve Things You Need to Know About College Loans
As higher-education prices continue to rise steadily across the country, parents face the challenge of covering these costs as their kids head to college.A growing number of families have been turning to college loans to ease the financial pinch.Here are 12...#AssetProtection: When Family Conflict Threatens the Business
When conflict arises between family and business goals, the natural inclination to minimize it can lead to a pattern of dysfunctional communication and greater conflict. The common practice of triangulation rarely leads to resolution of underlying issues and can be...#AssetProtection: How Assets Impact Financial Aid
Parents often have no idea which assets hurt their financial aid chances and which do not.This is an especially relevant question because parents are now filing for financial aid for the 2017–2018 school year.Here’s a quick rundown of what assets parents must share...#FamilyProtection: John Adams quotes re education
See http://SacredHonor.us for information on values transmission planning. John Adams had a few things to say about schools John Adams John Adams was born Oct. 30, 1735. A Harvard graduate, he was admitted to the bar and married Abigail Smith in 1764. When the...#VentureProtection: Once more, Ivanka Trump steps into spotlight for her father
Trump has long relied on his children in business. Ivanka, Don Jr. and Eric all hold executive positions at the Trump Organization, working in side-by-side-offices a floor below their father’s.That same family-driven model has extended to politics. Trump’s...#FamilyProtection: How to Avoid Socially Awkward Introductions – YouTube
If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it easy for your family to attain the comfort of skill at arms. David R. Duringer, JD,...Working long hours harms women but protects men, study shows
Women who put in long hours in their careers greatly increase their risk of developing life-threatening illnesses, including heart disease and cancer, a new study has shown. Source: Working long hours harms women but protects men, study shows If attacked, do you want...College dorms a new front in U.S. battle over transgender rights | Reuters
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