by Kathryn A. Flanigan | Mar 11, 2014 | Uncategorized
Once you’re an adult, the most difficult subject to discuss with your parents has nothing to do with “the talk” you may have had as a teenager. It’s about finances — specifically, their finances. Research shows that approximately 40% of...
by Kathryn A. Flanigan | Mar 11, 2014 | Uncategorized
People with substantial assets, and those who are about to receive them, are wise to look for ways to protect those assets. Here are five asset protections strategies that can help you preserve your wealth:Increase liability insurance. If you come into sudden wealth...
by Kathryn A. Flanigan | Feb 25, 2014 | Uncategorized
The wills of two celebrities who recently died – Philip Seymour Hoffman and Paul Walker – illustrate the importance of keeping your will up to date. Hoffman died with a 2004 will that left out his two youngest daughters; Walker’s will had not been...
by Kathryn A. Flanigan | Feb 25, 2014 | Uncategorized
Oscar-winning actor Philip Seymour Hoffman’s will has been filed for probate and provides a cautionary tale when it comes to estate planning mistakes. Here are four things he could have done to correct them:Create a Revocable Living Trust. Hoffman was a public...
by Kathryn A. Flanigan | Feb 25, 2014 | Estate Planning, Uncategorized
A recent Wall Street Journal article examined one way that heirs can inherit real estate while avoiding the cost and hassle of probate through the use of an estate planning tool known as a life estate. A life estate is a deed that allows the real estate owner to...
by Kathryn A. Flanigan | Feb 11, 2014 | Uncategorized
A New York Times article recently revealed how even the best intentions in long-term care planning can go woefully wrong, providing a cautionary tale for those with long-term care insurance policies.David Pirron is an only child, and recognized the need to implement a...
