Young Adults

Talk to your child now about his future, potential, inheritance.

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What happens when a young adult inherits a sum of money, but money was not a topic of discussion in her family? If her parents are gone, whom will she talk to about her inheritance? Will she have a vision for her wealth? Will she know how to manage it, or where to look or to whom to turn for help? Or, will she blow through it without thought?

Silence about money is the norm for many of my solid middle-class clients. They were not ...

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Preparing for the Next Hurricane Irma

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Houston under water.  Puerto Rico destroyed. Central Florida battered.  Natural disasters such as Hurricane Irma can be a sobering experience. Many clients and friends walked away from their Florida homes, prepared to lose everything. Most of us in Central Florida were very lucky and have our power back. The grocery store aisles are almost full again. The curbs still are littered with tree branches and other debris,  a reminder that things aren’t entirely back to normal.

Hurricane season isn’t over.  ...

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Lattes vs. Life Insurance: Do Millennials Really Have to Choose?

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Life insurance plays a key role in achieving one’s estate planning goals. We recommend a three-pronged approach in convincing Millennials that life insurance has relevance to their lives.

Lattes vs. Life Insurance: Do Millennials Really Have to Choose?
Posted on: September 22nd, 2015
By Mary Merrell Bailey, Esq.

This month marks the 12th anniversary of Life Insurance Awareness Month.  For more than 200 years, life insurance has created a financial safety net for families when the unexpected happens.

With September well underway, ...

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Estate Planning for Newlyweds

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The June Wedding was Spectacular and the Newlyweds Are Back. So What’s Estate Planning Got to Do with It?

Estate planning for newlyweds should begin immediately following the honeymoon.The summer wedding season has begun! It’s always so exciting to witness two people falling in love and planning romantic destination weddings. Seeing a happy couple pledge their love under the wedding arch brings a joyful tear to one’s eye. So, for those of you to whom the expression applies, mazel tov!

As couples ...

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Estate Planning for Young Adults

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Teenagers, rejoice! At age 18, your government says you are an adult and your parents have no legal ability to make decisions for you. Just what you want, right? No more nagging about cleaning up after yourself, making something of your life, and sitting up straight.

Parents, beware! When your child turns age 18, your government says your child is an adult and you no longer have the legal ability to make decisions for him/her. Are you accustomed to ...

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Your Child and Their Inheritance: How to Share the Financials

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Most children are left in the dark regarding detailed information about their parents’ financials. Well-off parents may not want to tell their children for fear of them becoming dependent. Parents who struggle financially may not tell their children as a means to keep them from worrying. Both approaches are understandable, but in failing to speak to children about the family wealth, children may be unprepared for what will happen after their parents are gone.

As a group, baby boomers are heartened ...

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Estate Planning is Still Relevant: Three Key Documents Every Adult Should Have

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The federal estate tax exemption, which is the maximum amount of wealth an individual can have when they die but not pay any federal estate tax, used to be $600,000. The families of the deceased who exceeded this limit were often people who did not consider themselves rich—maybe a farming family with a small working farm for example. Unfortunately, they often discovered that all it took was a little bit of real estate, combined with the death benefit payout from ...

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