Wells Fargo’s Problems Escalate with Asset Protection Blunder

  When it comes to corporate scandal, the last few years haven’t been in Wells Fargo’s favor. From 2011 to 2016, at least two million fake deposit accounts were created, with 500,000 more unauthorized credit card applications. In total, these accounts generated over $2.6 million in fees for the bank and plenty of public scrutiny. […]

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Pitfalls of DIY Estate Planning

  Thanks to the Internet, people have become more autonomous than ever. There is seemingly no shortage of what can be tackled on one’s own, thanks to the web. People have taken to their computers to accomplish tasks once handled by dedicated professionals, including travel planning, banking, car or real estate purchases, and even legal […]

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3 Money Problems from Inherited Wealth

  Many people fantasize about inheriting a huge sum of money, under the assumption that it will solve all of their financial problems, or at least set them on the path to comfortable living. Even for those accustomed to having money, such as people who grew up in wealthy families, the idea of receiving additional […]

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4 Signs There May be a Family Feud Over Your Estate

    Estate planning isn’t just a legal process, it’s an emotional process—and sometimes rife with drama. Dealing with the loss of a loved one is traumatizing on its own; adding an estate planning dispute can serve to heighten feelings of grief and lack of resolution. If your family is known for its sibling rivalries, […]

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4 Ways to Prepare Adult Children for an Inheritance

  One of the biggest concerns among parents planning to distribute large sums of wealth to their children is in how they will manage the money. Will the sudden inheritance quash their drive? What if they gamble the funds away? Or worse, what if they become involved in poor investment deals and end up with […]

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Differences Between a Trust and a Will

  When people discuss estate planning, the two terms we hear the most are “trust” and “will.” In fact, these terms are used almost interchangeably, despite the two being completely different from one another.   The key distinction between a trust and a will is that one goes into effect only after a person dies, […]

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5 Celebrity Estate Planning Mistakes We Can Learn From

  In our celebrity-obsessed culture, it seems that people’s eyes and ears are constantly on alert for the latest celebrity gossip, especially when it concerns wealth. Though not every celebrity lives an extravagant lifestyle, the vast majority possess sizeable assets and aren’t shy about flaunting it. The unfortunate reality is that celebrities often forget that […]

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4 Questions Your Estate Planning Attorney Should Ask You

  Whether you’re an accomplished executive, multi-business owner, or a single mother, sitting down for the first time with an estate planning attorney can be nerve wracking. In a society with so many options—including estate planners—feeling comfortable with important decision making is easier said than done.   A sophisticated estate planning attorney covers a lot […]

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How to Identify Digital Assets

  Very little of our lives are free from digitization. Our socialization has taken to social media and livelihoods to the Internet. Another facet of our lives that exists in the online space? Assets.   What type of property constitutes a digital asset? People may immediately envision their online bank accounts. Technically this is a […]

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3 Benefits of Establishing a Private Foundation

  Per the 2017 Giving USA report, foundational giving comprises 15% of America’s nonprofit contributions, coming in second after individual contributions which comprise a total of 72% of America’s giving. In total, the individual contributions represent approximately $281 billion, while the 15% represent approximately $59 billion. In reviewing the numbers, it’s clear that a pretty […]

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