Submitted by Reed Financial Group on October 5th, 2017
Submitted by Reed Financial Group on September 26th, 2017
While it has been said that life is not always fair, perhaps a more apt description would be that life is unequal in how it spreads the wealth. That same inequality may carry over into your family, with children of different ages, talents/skills, interests, needs, and degrees of material success.
Submitted by Reed Financial Group on September 18th, 2017
Philip Seymour Hoffman was one of my favorite actors. He starred in Charlie Wilson's War, Hunger Games, Pirate Radio and many more major movies. His roles covered a wide range, from a priest in Doubt to a coach of the Oakland A's in Moneyball, which evidenced his unique ability as an actor.
Philip was a talented actor ... but not a good estate planner.
Submitted by Reed Financial Group on September 12th, 2017
We all use it. Some of us use it every week. Some of us use it every day. And some people use it more than they should. What is it? It is that valuable little piece of plastic . . . the credit card. If you've ever experienced problems with credit, here is a list of legal statutes that may offer you some protective action.
Submitted by Reed Financial Group on August 21st, 2017
Estate planning has traditionally focused on minimizing estate taxes and directing the disposition of your assets after death. Yet, in today’s modern world, managing your affairs has become even more complicated as issues involving health care and personal finances, which can arise during your lifetime, have become increasingly more important.
Submitted by Reed Financial Group on July 13th, 2017
Suppose an elderly family member becomes incapacitated and has made no arrangements for such a situation. Advance directives are legal instructions that express a person’s wishes regarding financial and health care decisions in the event that he or she becomes unable to make them.
A trust is an instrument set up to hold the property of an individual, often called the grantor, for one or more designated beneficiaries. The following glossary provides a brief description of various types of trusts. Because trusts are complex, it is essential that you consult a professional.
Submitted by Reed Financial Group on June 26th, 2017
When it comes to estate planning, large estates often call for particularly strategic planning. One flexible and powerful tool many estate planning professionals recommend to their clients is the irrevocable life insurance trust (ILIT). But, just where does the ILIT fit into the overall estate planning process?