Every client, regardless of the size of their estate or their age, can benefit from a will that gives legal effect to their inheritance plan. Even if they have a trust to manage asset distributions, a trust cannot address every estate planning consideration. Wills have limitations as well, but they belong in a comprehensive estate […]
Continue reading…The Wealth Counselor
Debunking Common Misconceptions About Wills
One of the most common reasons clients think they do not need a will is that they do not have enough assets. High-net-worth clients tend to be more proactive about estate planning. However, misconceptions about wills abound, which is a big reason many Americans do not have a will. Misunderstandings about what a will can […]
Continue reading…Happy National Make-a-Will Month: Help Your Clients Celebrate with a Great Plan
A Financial Advisor’s Guide to Navigating Different Types of Wills Advisors should understand why most Americans do not have even the most basic estate plan in place. Advisors should also pay attention to the validity of wills for those people who do have a will or are engaged in the estate planning process. Will contests […]
Continue reading…Proper Planning for a Client’s Sports Memorabilia Collection
It is a scenario we have all dreamed about: discovering a hidden treasure trove tucked away in the dusty corners of an attic. But it was not gold coins or heirloom jewelry that an Ohio man found in a box that had belonged to his grandfather. It was a collection of vintage baseball cards for […]
Continue reading…Counseling Clients About Their Vacation Homes
Residential real estate is the largest asset class in the United States. Beyond its primary function of providing shelter, housing provides a store of wealth and increases individual economic growth. A residence—particularly a vacation property—can also have sentimental value to a family. Second homes are traditionally associated with wealthy Americans, but research shows that vacation […]
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