Don't you think that estate planning, financial planning and other sorts of financial preparation like saving for college, retirement or purchasing life insurance would be less taboo in general if people discussed these matters with their family routinely?
I mean everyone already knows that Brit is divorcing Kevin. Shouldn't everyone know that you've got a great college savings account opened up for your child? You don't have to share specifics, but just general sentiments.
Thanksgiving is just around the corner.
Imagine sitting at the family table at Thanksgiving and announcing that you figured out your gross estate is $1.6 million if you died today and that you are starting to think about tax planning as part of your estate planning. What would everyone think? In reality, who cares as these issues are so important that talking about them is really the best thing.
Talk about planning for the future, talk about what would happen if Mom or Dad died, talk about saving money for college in a 529 plan. Just talk. When you talk, you share ideas, compassion and a sense of motivation that taking care of your estate planning and financial affairs is truly an important thing to do.
Here is a useful article on Estate planning law in Ontario Canada and the effects of not having a last will and testament that was written by a Toronto Wills Lawyer- http://www.zvulony.com/do_i_need_a_will.html
Posted by: Batya | April 01, 2008 at 08:05 AM
Financial planning, Banking & cash management is an important part of every business.....
Posted by: Seeley | April 12, 2008 at 02:38 AM
Financial planning, Banking & cash management is an important part of every business.....
Posted by: Seeley | April 12, 2008 at 02:40 AM
Nice read!
Posted by: Daniels Team | July 02, 2008 at 04:09 PM
Planning, estate planning for that matter, plays a big role in building and growing ones business. It also helps you to manage your estates to provide for your family, lightens the strain to your family and to minimize your expenses among many others.
Posted by: Estate Agents Finder | November 20, 2008 at 09:17 PM
For some reason the world over thinking of planning your families financial future after one member has gone is something which is ignored for as long as possible.
The UK is no different we all know we are going to die, so why not plan your finances. in an ecconmic downturn saving 40% of nett worth must be a wrothwhile thing to do.
If you had a financial proposal that said your family would get an extra 40% of your nett worth when you die for investing a few hundred $ or £ would you ignore it?
Thats what people are doing.
Talk to an esate planner we dont bite honest
Regards
Will
http://www.gb-legal.com
Posted by: Will | December 09, 2008 at 11:06 AM
I have a client that received a large amount of real property due to a death in the family. The property is run down and needs work. It has structural and environmental issues. However, when I read the appraisal, these issues are ommitted from the FMV. Can I have an engineer make an independent evaluation of the cost to fix the property and clean up the environmental to reduce the FMV?
Posted by: Mark de Stefanis | March 30, 2009 at 11:46 AM
Nice thought.
Tia smith
Posted by: estate planning | June 27, 2009 at 04:51 AM
Estate planning/financial planning is absolutely vital to the long term prosperity of all families and should not be delayed. I had my mother place her assets in a Trust prior to her death, and it was very helpful. Especially when it came to my lazy/greedy brother & sisters. That's the way my mom wanted it. Her estate did not have to go through Probate
Posted by: Barb | June 27, 2009 at 02:31 PM
Thank you.Nice
Posted by: Adana Emlak | September 06, 2009 at 03:06 PM
wonderful information, thank you so much for sharing this. After reading I understood a lot of things!!
thank you
Posted by: Soft Cialis | November 04, 2009 at 06:38 AM