This blog is by no means aimed only at people whose estate planning decisions take place on an endless gravy train of high-asset accumulation. To be sure, we often write about wealth transfer in ways that make sure to include the upper end of the income spectrum. But...
Month: November 2013
Estate plan basics, part 2: the role of life insurance
In the first part of this post on the basics of estate planning, we focused on the documents that people should put in place to provide structure and guidance for health care decisions. That guidance and structure is crucial in situations when someone is no longer...
Estate plan basics, part 1: structure for health care decisions
Estate planning is of course not a one-size-fits-all exercise. Passing along assets and establishing guidelines for health care decisions is highly individualized work. Though there are common patterns that occur as people face these decisions, there is no ready-made...
Parental giving paradoxes: avoid giving kids too much, too soon
Many parents give deeply of time and treasure to cherished children. To a great extent, such gifts are a natural expression love. But it is possible, at any age, to give too freely. With younger children, giving too freely may make them selfish and less able to...
