Category: Family and Wealth Planning

QUESTION: I see how I can pass down assets to my family, but I do not see how I could pass down family values. Can you explain?

ANSWER:  Family values are not as easy to pass down to future generations as it may be transferring of assets, such as real estate and money in the bank. However, that’s one of the things that differentiates my firm from others. We try hard…

How to Incorporate Family Values in Your Estate Planning

Baby boomers know money isn’t the only important aspect of estate planning. Baby boomers want to leave their family more than just financial assets. According to a 2012 study released by the Allianz Life Insurance, Co. baby boomers identified family values as some of…

A reflection on Death . . .

The view of a peaceful beach with white sands and and bushes in the background.

The saying usually goes, the only thing certain in life is death and taxes. I have to defer somehow from the saying and say that the only thing certain in life is death.  The only thing you need in order to die is to…

Is your Child a Graduate? Then you must read this!

It was just a year ago that I was graduating! Well, that’s not really a true statement even though I feel very young. It was 18 years ago that I graduated from High School. Wow! Yes! I said it! 1999 was the year when…

What is Mother’s Day Anyways?

What is Mother’s Day? Is it really one day a year? Is it just another Sunday in May? Is it a reason to run to the Mall and shop for gifts for moms and sneak in something for yourself too? Is it a Mother’s…

How to Live Before You Die

In Steve Jobs’ 2005 commencement speech at Stanford University, he said: “Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life.” When Jobs was 17, he read a quote that made…

Special Announcement: Come Join us April 15!!!!

Come Join us this coming April 15, 2017 at the Goodlet Park in Hialeah for a day of fun, egg hunting, games, prices, dance shows, bounces houses, food and more. Bring your kids and have fund while getting some valuable information about the importance…

Why Involve your Financial Advisor, Attorney, and Accountant at Your Family Meeting?

Some people might have misgivings about having a third-party advisor present at an otherwise private family gathering, and it is certainly not a mandatory step. However, you might want to consider inviting your financial advisor, estate planning attorney, or accountant to the meeting for…

What should you discuss at the family meeting?

Once you’ve committed to discussing your estate planning with your family, what should you share specifically? Should you detail the entire plan with them, or just an outline of it? Should you go into detail about who gets what? The specifics of what should…

Tips for a successful estate planning family meeting

When you hold your family meeting, a bit of awkwardness is to be expected at first—after all, no one in your family (presumably) is likely eager to discuss what will happen when you die or in the event of incapacity. Remind everyone that is…