I write a lot on my blog about how to protect your assets, but just as important as the question of how to protect your assets is the question of why? At some point every person asks themselves “what (or who) am I doing this for?” British fashion designer Alexander McQueen certainly knew the answer… Read More »
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Help Elderly Relatives Protect Assets from Scam Artists and Financial Abuse
According to this article on CNBC, “Roughly half the population over 80 suffers from significant cognitive impairment — problems with memory, language, thinking and judgment. That includes one in five who have dementia.” This cognitive decline can have very serious consequences on many levels. “Elderly investors regularly harm their finances, or their families, through ill-considered… Read More »
How to Protect Your Assets During a “Grey Divorce”
One year ago Al and Tipper Gore announced their plans to divorce after 40 years, 3 children, 8 years of vice presidency, and one presidential campaign. The announcement was a shock not only to the public, but to their friends and family as well. After all, if marriage isn’t safe after all that, what is… Read More »
Take Advantage of All Your Options with Out of State Trusts
If you have a family trust—or are considering creating a family trust—to protect your assets you may want to ask your attorney about creating an out of state trust. It’s a grantor’s market (so to speak) and creating a trust these days doesn’t mean you have to simply accept the tax laws of your state… Read More »
Real Estate Investments: Protect Your Property from Liability Risks
If there is one way to be sure money stays in the family and grows over time it is through real estate. Despite the year-to-year ups and downs of the real estate market, the value of real property continues to grow over the long term. And the recent low real estate prices mean that it… Read More »
How Successful CEOs Keep the Family Business in the Family
How long will your family business stay in the family? One generation? Two generations? How about 4 generations down the line? The truth is that very few family business stay in the family beyond the first generation. Statistically, Only 40% of family owned businesses survive to the second generation, 12% to the third, and 3%… Read More »
Living in a Digital World
Do you have an e-mail account? Do you participate in Facebook or other Social Networking sites? Do you do any of your banking, bill paying or investing online? If you answered yes to any of these questions then you might want to think about this next question… what will happen to all of your online… Read More »
Japanese Quake Inspires Thoughts on Disaster Preparedness
Last month when Japan was hit with a terrible earthquake and subsequent tsunami the world watched in horror and helplessness as news teams and cell phone cameras captured the tragic loss of lives, homes, families and belongings. Since that day nations have come together to help the victims recover what they can and begin rebuilding,… Read More »
Icon, Businesswoman, Philanthropist—What Happens Now to Elizabeth Taylor’s Fortune?
The recent passing of Elizabeth Taylor has many wondering what will now happen with Ms. Taylor’s sizeable fortune? According to this article in Forbes Ms. Taylor’s fortune includes not only the millions she made in the Hollywood movie industry, but the even greater amount made she made with her fragrance line. “In her most savvy… Read More »
Women Rise to the Challenge in the World of Entrepreneurship
Being an entrepreneur is difficult—going out on a limb and starting your own business is always going to involve a lot of hard work and a certain amount of risk—but women entrepreneurs often have even more of a challenge than most. This article in Forbes describes some of the hurdles that face women entrepreneurs (especially… Read More »