Ora’s Legacy A Foreward by Ora Schwartzberg as featured in Stan Miller’s Your American Legacy I heard Stan speak at a WealthCounsel Symposium in Boston, in August of 2019. I had participated in other Symposium sessions and was quite satisfied with the subject matter...
Although leaving your hard-earned assets outright to your children, grandchildren, or other beneficiaries after you die may seem like the easiest and most desired form of distribution, this scheme will make their inheritance easy prey for creditors, predators, and...
Equality is a noble concept and one many people turn to when deciding how to divide up their estate. There are many circumstances in which equal distribution of assets among beneficiaries is the right choice, but there are some cases where identical inheritances do...
The Domestic Asset Protection Trust A domestic asset protection trust (DAPT) is a legal structure into which you (in your role as the grantor) transfer your accounts and/or property. Once transferred into the DAPT, the DAPT may offer protection from future lawsuits,...
Myth #1: If | need help paying my bills, | can just add my child to my bank account. Nothing bad will happen. False. When you add a child or anyone else to your bank account, you are making that person a co-owner of the account. Your child can pay bills using the...
Ideally, when someone passes away, the paperwork and material concerns associated with the deceased's passing are so seamlessly handled (thanks to excellent preparation) that they fade into the background, allowing the family and other loved ones to grieve and...
An estate plan can provide peace of mind by ensuring that your money and property are protected, should you become ill. Also, in the event of your death your loved ones will receive money and property according to your wishes. A clear estate plan will also make it...
Myth #1: Because I stay at home with the kids, I do not need an estate plan. Estate planning is about more than just passing along your money and property. An estate plan allows you the opportunity to designate who will handle your financial affairs and medical...
When you met with an attorney a few weeks ago, perhaps you expected that all you needed was a simple will. Maybe you thought that, with your situation, the work should be easy and the documents should be few. But now that you have finished working with the attorney,...
To read more about Ora Schwartzberg's article on planning awareness common myths, click here.
