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China’s Elder Care Answer

China’s Elder Care Answer

I always find it interesting to see how other cultures and countries approach elder care. Several news stories came out recently about China’s plan to support its aging population. Family ties are a tremendous part of Chinese culture, and for centuries, Chinese families have come together to care for relatives young and old. But just more »

Powers of Attorney

Thoughts on Durable Powers of Attorney.

Typically a durable power of attorney can become effective in two ways. First, it can be effective immediately upon execution. Or, second, it can be made effective upon incapacity of the principal. If it is effective immediately, then the agents named in the durable power of attorney can act under any of the powers in more »

retirement investment

Leave an Orderly Estate Behind

Planning an investment strategy for retirement can be a pleasant diversion. It is often enjoyable to think about being a world traveler with the freedom to pursue hobbies or any of the dozens of options you’ve associated with retirement. The reality is a little different. Once you retire, you’ll need to shift gears to focus more »

Inheritance kids

Don’t Do What This Grandmother Did to Disinherit the Grandkids

Remember when grandma asked you to visit? Some grandchildren in Austria didn’t and Grandma went to extraordinary lengths to keep her family from getting her money. She shredded over $1 million USD right before she died. Not happy to stop at that, she cut up her bank books. According to Forbes, the shredded bits were more »

Leaving a legacy in your ethical will

Leaving a legacy in your ethical will

My profession is estate planning. Clients come to me for help on how to preserve their life’s accumulations of wealth and how to pass it on to their loved ones. What I do for a grandfather and grandmother through legal documents will hopefully convey through transfer of financial assets, a lasting memory of their love more »

The Cautionary Tale of Steve McNair

The Cautionary Tale of Steve McNair

Former NFL quarterback Steve McNair was shot and killed in what police have deemed a murder-suicide on July 4, 2009, apparently at the hand of his mistress. He left a wife, Mechelle, and four young children (two from a previous relationship), and no will or estate plan. McNair’s estate is sizeable. He earned more than more »

Fight to Save Dad from Scammers

Fight to Save Dad from Scammers

My sisters and I celebrated my Dad’s 94th birthday last week.  Although he has lost a few steps, my Dad is still living with his wife in his own home with a  daytime caregiver. Last year he had to give up driving, which meant he could no longer deliver Meals-on-Wheels, take day old bread to the more »