Tag: estate planning

Stewardship As An Element of Estate Planning


Last week I talked about sterile money and how money has value only in use. Dynamic rather than static money. In terms of advancing the wellbeing of a family, taken as a whole, some assets that the parents own are sterile. Good estate planning… Continue Reading “Stewardship As An Element of Estate Planning”

US Federal Debt Is Unchanged From 1970


Say What!!!??? The current US federal debt is somewhat north of 16.3 trillion dollars. In 1970, the debt was 370 billion dollars. That is hardly the same. It is 44 times greater. If you look only at the number. Upon examination of context, we… Continue Reading “US Federal Debt Is Unchanged From 1970”

About Money


“Money is better than poverty, if only for financial reasons.”   Woody Allen What is money for?  Money has no value of its own.  Money is only valuable when it is working.  It is not valuable stored in a bank or in a box except… Continue Reading “About Money”

‘Tis the Season


Most people know the story of the Good Samaritan.  He helped an injured person of another faith and gained no personal advantage from doing it.  That is important, but what is also important is that the Good Samaritan had money.  He paid the innkeeper… Continue Reading “‘Tis the Season”

Money Can’t Tell Where It Comes From


Retired people and a few others make a fundamental strategic error.  They fail to notice that income (especially income for tax purposes) and cash flow are not the same thing.  Your financial plan should be careful to make the distinction. You can spend cash… Continue Reading “Money Can’t Tell Where It Comes From”

What is Hotchpot?


Hotchpot, noun, Law “A returning to a common lot or fund for subsequent equal division, especially of advances received by heirs of a person dying intestate.” If while the parent is living, there have been advances against an estate share to an heir, it… Continue Reading “What is Hotchpot?”

Compelling Details


People understand simple things better than they understand complex things.  But, you probably already knew that.  What you may not have thought through is what it means. People act on things they understand, so you can expect action, or at least an urge to… Continue Reading “Compelling Details”

The Soft Side of Estate Plans


  There are several types of assets people deal with when they build their “estate plan.”  It is a mistake to deal with all of them in the same way.   In the beginning, you can simplify the process by separating the assets into… Continue Reading “The Soft Side of Estate Plans”

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