Category: Legacy Planning

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…

Estate Planning? For what?

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

Estate planning? I am not rich!  Estate planning? I am not going to die! Have you said that yourself many times? Yes, I know. I have said it too. It was not until my daughter was born that I really understood the importance and…

Will v. Trust. Who wins?

So what does a Trust do that a Will does not? Below are some of the main differences:  Planning for incapacity – Wills have nothing to do with incapacity.  Will based plans must rely on a durable power of attorney or a guardianship proceeding…

Another Super Star Dies Intestate: What happens now?

This is not the first time it happens and, sadly, it continues to happen. Prince, as did Elvis Presley, died intestate – without an Estate Plan. There was no Will or Trust drafted. The consequences? Well, the answer would be court battles, family disunity,…

Revocable Trust vs. Irrevocable Trust: Which Is Best for You?

Trusts  allow you to avoid probate, minimize taxes, provide organization, maintain control, and provide for yourself and your heirs. In its most simple terms, a trust is a book of instructions wherein you tell your people what to do, when, and how. While there…

How to Avoid Sending Your Loved Ones (and Assets) through Probate

Today many people are using a revocable living trust instead of a will or joint ownership as the foundation of their estate plan. When properly prepared, a living trust will avoid the public, costly and time-consuming court processes guardianship (due to incapacity) or probate…

Wills vs. Trusts: A Quick & Simple Reference Guide

the time abou I talk all the time about a Will and a Trust as two different things and I always get confused glares. Not sure about the differences between wills and trusts?  You are not alone. While it’s always wise to contact experts like…

What is Thanksgiving Day for?

As I grew up in Cuba we had no idea there was a holiday designated to give thanks. As we arrived to the United States in 1995, we started integrating ourselves to the American culture. This tradition we absorbed and enjoyed since our first…

Are you old at 50? Financial Smarts peak at 50 –Here’s How to Protect Your Older Self.

A recent study conducted by Texas Tech University concluded that the ability to make smart financial decisions peaks at age 50.  This decline was observed in both men and women, making both sexes equally vulnerable to financial fraud as they age. 4 Tips for…

Tips for a Safe and Fun Trip with your Children this Summer

Traveling with children can be among the most fun, exciting, and, of course, stressful things you can do with your family. From keeping kids occupied to making sure everyone stays safe, there’s a lot to think about for parents on the go. With these…