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Heirs, Beneficiaries, and Children

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estate planning

Estate Planning to Avoid Rags to Riches to Rags: Inheritance Planning for Heirs and Beneficiaries

The pattern for family wealth seems fixed. Different times and different cultures display the same pattern. The first generation builds wealth, and the second generation shepherds or preserves it. The third and succeeding generations spend until it is dissipated. There are a few examples of families in which wealth lasted many generations but many more […]

how-to-avoid-mismanagement-of-inheritance

Estate Planning Mistakes – How to Avoid Mismanagement of Inheritance by Heirs and Beneficiaries

Many estate plans ultimately fail. The problems are not with the plans. The owners spent a fair amount of time and money preparing and executing the plans. The problem with many estate plans is the final stage. The heirs are not prepared to receive the wealth. So they mishandle it. Or they did not know […]

estate planning

Estate Planning for Pets

Often a pet is a cherished member of the household. If that is the case, you might want to include the pet in the estate plan. This is particularly true of single people or owners of unusual or exotic pets that the heirs of the property estate are unable or do not wish to care […]

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