Even if you put a completely solid estate plan in place, it can end up proving worthless if it’s not properly updated. Contrary to popular belief, state planning is not a one-and-done type of deal: It should continuously evolve with changes in your life. No matter who you are, your life will inevitably change: families…

Imagine this… You are an elderly grandparent who lives alone. You get a call in the middle of the night from your college-aged granddaughter. She’s frantic and crying, telling you she was mistakenly arrested while vacationing in Cancun. She says she needs you to pay her $1,800 bond, or she’ll be transferred to a dangerous…

In the first part of this series, we discussed how today’s children are increasingly influenced more by their peers than by their parents. In today’s society, the once-unbreakable bond between parent and child is being increasingly eroded. This disconnect is wreaking havoc on children’s psychological development, while making parents feel powerless to get through to…

Have you ever felt that the unbreakable bond you once had with your children is seriously eroding? It can feel as if the very foundation of your relationship is falling apart. It may feel like you can no longer communicate with your kids. No matter how hard you try, your once-cooperative child is impossible to…

Well, the short answer is because they no longer need or want it.  But, there is more to it than that. Policies can be sold through a life insurance settlement. What is a life insurance settlement, you ask? Simply put, it is the sale of a life insurance policy to a third party (usually an…

It’s the middle of the night. The authorities just notified you that you have 20 minutes to evacuate your home before a raging wildfire cuts off the exit from your neighborhood, leaving you trapped. The fire is advancing at the rate of a football field every second, so the actions you take in the next…

Want to know a proven way to live a more fulfilling life? All you have to do is fully accept the fact that one day you’re going to die. “I am of the nature to die. There is no way to escape death.” -Upajjhatthana Sutta The unavoidable nature of death is a basic tenet found…

For many entrepreneurs, being a “workaholic” is the default status. Though such drive and dedication can be positive in short bursts, in the long run it leads to stagnation, burnout, and worse. Just as experts advise us to step away from what we are working on for short breaks throughout the day to maximize creativity,…

As a parent, our role is to love our children while teaching them skills that will benefit them throughout their lifetime.  Inclusive of this role is teaching our children personal finance. For many people, learning how to manage their personal finances often occurs through trial and error, serving as a substitute for a formal education. …

Last week, we shared the first part of this series explaining the powers and duties that come with serving as trustee. Here in part two, we discuss the rest of a trustee’s core responsibilities. Being asked to serve as a trustee can be a huge honor—but it is also a major responsibility. Indeed, the job…