Family Business & Academia Need Each Other
Seems like just about every college has gone full marxist these days, and as a conservative I bristle at the idea that families really need those loons. This article makes a pretty good case that we all benefit from an academia attentive to Family Business....The Future Of Proposed IRS § 2704 Modifications Is UNCERTAIN
In estate planning these days, there is uncertainty and there is UNCERTAINTY. Over the last few years we’ve gotten pretty good at developing techniques to deal with uncertainty, but the UNCERTAINTY surrounding the proposed regulations related to 26 USC §...Donald Trump signs new extreme vetting order – Washington Times
President Trump signed a new executive order Monday that temporarily bans visitors from six Middle East and African counties while the administration creates an extreme vetting program, taking pains to remove the pitfalls of the original order and the...POLL❓How much actual time did you spend consulting in person with your attorney (NOT paralegal) during the #EstatePlanning process?
Please share this poll widely to maximize responses: Have a plan? How much actual time did you spend consulting in person with your attorney (NOT paralegal) during the #EstatePlanning process⁉️— Protective Law Corp. (@guntrust) March 6,...What Hurdles Prevent Estate Planning?
Basically: Can’t find an advisor they trust Confused on the basics (i.e., difference between trust and will) Think they aren’t wealthy enough to need estate planning Don’t want to think about death From WealthCounsel’s recent inaugural...50% of Americans believe a will avoids probate court
According to WealthCounsel’s recent inaugural Estate Planning Awareness Survey: Despite this direct knowledge of what can happen, 50% of respondents with a will believe that wills protect them from probate court after they pass away, and more than two-thirds (70%)...35% experienced family conflict resulting from bad estate plan
According to WealthCounsel’s recent inaugural Estate Planning Awareness Survey: Such disputes often occur among the not-so-rich and-famous as well: More than one-third (35%) of respondents have either personally experienced, or known someone who has...Only 45% understand estate plan can provide instructions on life support
According to WealthCounsel’s recent inaugural Estate Planning Awareness Survey: Less than half (45%) tell us that they understand that estate planning can be used to express an individual’s wishes related to personal healthcare decisions, e.g., whether to...Only half of Americans know estate plan can provide guardian for kids
According to WealthCounsel’s recent inaugural Estate Planning Awareness Survey: But another finding makes it clear that such awareness is theoretical, at best. Exactly half of all respondents don’t know that estate plans can be used to provide a guardian for a...71% say having good estate plan would help them feel like good spouse or parent
According to WealthCounsel’s recent inaugural Estate Planning Awareness Survey: For instance, 71% of respondents say that having a well-thought-out plan would help them feel like a good spouse or parent, implying an awareness of the benefits that planning can offer...76% of Americans Think Attorney is Essential for Estate Planning
Even 73% of techno-savvy millennials agree, according to WealthCounsel’s recent inaugural Estate Planning Awareness Survey: Given the perception of estate planning as a confusing topic, it makes sense that three-quarters (74%) of Americans value...47% Incorrectly Think Estate Planning is for the Wealthy
According to WealthCounsel’s recent inaugural Estate Planning Awareness Survey, a shocking 47% think that estate planning is mainly for the wealthy: Based on the survey results, it’s fair to say that Americans are confused about estate planning:...74% Admit Estate Planning is Confusing, Yet 61% Say a Will is Enough? That’s a #CopOut!!!
[I can’t call them “simple” wills because the problems they create are not so simple.] According to WealthCounsel’s recent inaugural Estate Planning Awareness Survey, a shocking 61% of Americans are satisfied that a stupid will is all the...Only 17% of Americans Have a Trust, 40% Have Just a Stupid Will
New WealthCounsel study released: Yet according to WealthCounsel’s inaugural Estate Planning Awareness Survey, only a bit more than half of Americans have a will (i.e., 40%) or trust (17%) in place, meaning that many are not properly protecting themselves and their...Basis Consistency and Reporting for Property Acquired from a Decedent
Significant coverage was devoted at the recently concluded 51st Annual Heckerling Institute on Estate Planning in Orlando, Fla. to the Internal Revenue Service’s proposed regulations (proposed regs) concerning basis consistency and reporting for property...Bank ETFs Booming, Investors Betting on Trumpian Deregulation
This year, investors have poured a combined $2.4 billion into three exchange-traded funds focused on banks — State Street Corp.’s Financial Select Sector SPDR fund, ticker XLF, BlackRock Inc.’s iShares U.S. Financials ETF, ticker IYF, and the Vanguard...Woman ‘accidentally cremated while still alive’
As we like to say in firearm training, there is no such thing as an accident — only negligence. (Or intent.} What are your end-of-life instructions? Get a free living will by attending our free estate planning seminar. A subsequent post-mortem later concluded...Eight Smart Steps Millennials Can Take To Plan For Retirement
For previous generations, retiring by age 65 with a nice pension was practically a guarantee. For the modern workforce, retirement age — and the concept of retirement itself — is a little more uncertain. In fact, a recent Merrill Edge report found that 83% of...Parents Are Paying for Millennials Much Longer Than Planned
We spent nowhere near this, and are doing fine. According to The Knot, the average wedding in the U.S. costs approximately $33,000, but there’s tremendous regional variation. In New York, for example, weddings cost an average of $82,000. Source: Parents Are...Choke the Rich? Horror-thriller Us and Them
Being a smoker is far from the only worrying thing of Danny, the character played by Jack (son of Tim) Roth in the new horror-thriller, Us and Them. Danny is a working-class kid who is tired of the rough deal he faces and plans to start a revolution by streaming...Parents fearing deportation pick guardians for U.S. children
Shoot, they can get a FREE nomination of guardians just by attending our free estate planning seminar. Parents who immigrated illegally to the United States and now fear deportation under the Trump administration are inundating immigration advocates with...Info Overload? Subscribe to our Priority Alerts (browser push notifications)
Overwhelmed by too much information? Simply click on the red bell icon in the lower left corner of your browser (Chrome and Firefox) to subscribe and you will receive just a few, occasional, high-priority push notifications in your browser. You can easily unsubscribe...Donald J. Trump on Twitter: “MAKE AMERICA GREAT AGAIN!”
Anti-Trump Communist Arrested For Jewish Community Center Bomb Threats
A disgraced former reporter was arrested by the Federal Bureau of Investigation Friday for several bomb threats to Jewish Community Centers, Jewish schools and Jewish museums around the country. Source: Man Arrested For Jewish Community Center Bomb Threats |...Emotionally Connecting with Clients
The following is an outline of a formula we lifted directly from our affluent research on how to establish and strengthen an emotional connection with clients. Source: Emotionally Connecting with ClientsBear Sighting Puts Two Connecticut Schools in Emergency Mode
Education Secretary Betsy DeVos was widely criticized when during her confirmation hearing she was challenged by Connecticut Sen. Chris Murphy (D.) whether guns should be allowed “in or around schools,” and she posited that some schools in...Will Robo-Advisors Benefit From The DOL Fiduciary Rule?
“Robo-advisors are expected to be the big winners with the DOL’s fiduciary rule,” says Jo-el Meyer, managing editor of pensions & benefits at Bloomberg Law.“During the development of the rule, the DOL often pointed to robo-advisors as the future of...The greatest start for any modern president
If he continues like this, there could be a new face on Mount Rushmore in the future. Source: The greatest start for any modern presidentTeen who fell to death at mall wanted video taken of stunt
SINGAPORE — “Help me take a Snapchat video and I’ll jump.”Those were the last words of 17-year-old Jonathan Chow before he vaulted over a barrier at Orchard Central and fell four floors to his death last Friday Source: Teen who fell to death from Orchard...Dam selfies claim another life
The chilling image shows four women stranded on a rock in rapids seconds before a dam’s floodgates were opened, sweeping one of the girls to her death.The group was reportedly seen holding selfie sticks when the five-minute warning siren for the floodgates...‘Dog’ to Dems: ‘You lost, grow up, see you in 4 years’
And Family Protection is my business. Dog and Beth articulate well my sentiments — watch the video below. “Crime and punishment has run amok in America,” Beth said. “We have far too much crime, we have too much ‘hug a thug’ campaigns going on. If we...Tyrant Registry Wins Injunction Against Speech-Killing Statute
More about the Tyrant Registry here. The Tyrant Registry provide names, addresses, etc., of California legislators who voted for extreme gun control measures. SACRAMENTO, CA and FRESNO, CA (February 27, 2017) — Earlier today Judge Lawrence J. O’Neill, Chief Judge of...Cowardly Costa Mesa Cancels Gun Show over Fear of Trump #MAGA March
The OC Fair & Event Center has closed the fairgrounds in Costa Mesa the entire weekend of March 25-26, fearing violence may attend a planned Trump march that weekend. A list of canceled events at the fairgrounds include the Orange County Wine Society’s Wine...How Behavioral Economics Can Help Your Clients Retire Rich
Say you do not have a will. You’re unlikely to go get one today, Ariely said. But you could say that by the end of the month you’ll find a lawyer and make an appointment.If you write down the steps and set a timeline, it is not a guarantee you’ll do that task,...Should You Invest In Long-Term Care Insurance?
“We don’t know if we’re going to get Alzheimer’s or anything like that. I think the best thing is to have your team of advisers. 30’s, 40’s, 50’s, is a good time to meet with an attorney, get estate planning documents put in place so there’s someone to act on...Demi Moore Pool Death Puts Asset Protection To The Test
Article’s tone is rosy, but there are a lot of concerns here. In addition to the seasoning requirement in the asset protection trust statute of the trust situs, there is a ten year seasoning under US bankruptcy law, plus this is CA realty owned by a CA...New ‘preppers’ strategize to defeat genocide
“We are not calling for the slaughter of white people‚ at least for now,” he added, with the genocidal threat sparking alarm among whites and blacks across South Africa. Source: New ‘preppers’ strategize to defeat genocideSheriffs Office Releases CCW Permit Holders Names and Locations to ABC7
While generally a bad thing in shall-issue jurisdictions, disclosure can be a good thing in restrictive may-issue jurisdictions. “We try and balance the needs of the public and the people who want or need access to the information to ensure everyone’s safety,”...Who Gives to Charity and Why
Over 2,300 years ago, Aristotle commented on the challenges one faces when considering how to make larger charitable gifts:To give away money is an easy matter and in anyone’s power, but to decide to whom to give it, how much to give, when to give, and to give for the...The Biggest Lie in Life Insurance
Valid point, especially now that the estate tax beast so rarely bites and may soon be destroyed. The article points out a few reasons for having life insurance, but omits some important ones such as estate creation for young families. Thus, the biggest lie in...5 Important Estate Planning Lessons for Parents in Manchester by the Sea
Manchester by the Sea isn’t the first time Hollywood has built compelling stories hinging on the death of a loved one followed by the revelation that an unlikely or ill-suited guardian has been named to care for the deceased’s surviving offspring. Baby Boom...Arguments for Keeping Death Tax Weak, BUT…
The arguments set forth in this Bloomberg article for keeping the death tax are weak (compare this other recent Bloomberg article pointing out the role inheritance plays in keeping whites richer than blacks), but the article comes close to making an important point so...Tailoring the Trust Protector’s Role
The Bespoke Trust Protector – Tailoring the Protector's Role from Matthew McClintock WealthCounsel VP Matt McClintock has been at the forefront in this cutting edge planning area — adapting the age-old concept of trust protector, commonly used in...Could you be David Bowie’s lovechild? Deadline looms to claim share
According to the article, Bowie admitted to being “incredibly promiscuous” — yikes, bad planning or no planning here to avoid pretermitted child claims. Anyone who believes they are David Bowie’s secret love child should make their case...OJ Simpson may be released soon to enjoy successful #AssetProtection planning
That adds up to £240,000 a year and will amount to a £2.16million fortune by the time of his anticipated release.Under America’s Employee Retirement Income Security Act, the pension cannot be touched by creditors, despite Simpson owing almost £27million....Who’s Charging What for Trust Services?
A survey of fees charged by some major trust companies. Fees and minimums vary quite a bit. Trust fees are headed higher according to our pricing survey completed this week. Some firms work strictly from a rate card. Others decide what your client will pay when...Calif. Lawmaker Readies Estate Tax Plan if Congress Repeals
The name is Wiener, of course. SACRAMENTO, Calif. (CN) – Warding against the possibility of Congress nixing a lucrative federal estate tax, a California lawmaker on Tuesday announced a measure to ask voters to approve a mirroring state version. Source: Calif....Wife Has No Gain, Loss or Estate Inclusion on Transfer of Trust Assets Pursuant to Divorce Settlement Agreement
In Private Letter Ruling 201707008 (released Feb. 17, 2017), the Internal Revenue Service ruled that a wife wouldn’t recognize gain or loss from her husband’s transfer of property to a trust for her benefit under a proposed divorce settlement agreement....Do You Have a “Day After” Insurance Policy?
Insurance is a form of risk management, designed to minimize the loss associated with certain events like flood, fire, accidents, disability, and even death. Most insurance requires an agent and the payment of premiums. However, there is a type of insurance...
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