For most people who spend a lifetime prudently managing their wealth and their spending habits, the thought of their children recklessly and rapidly blowing their inheritance is disconcerting. According to a study by the National Endowment for Financial Education, 70 percent of all people who suddenly receive a large sum of money will use it…

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As a certified financial planner and an estate planning attorney, I am in the unique position to counsel my clients in both their financial planning and their legacy planning. Many times, I feel like I am acting as a family counselor as well.   Too often people are faced with internal conflicts about their estate…

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Undue influence is a legal doctrine that is used to describe the use of one’s power that arises out of a special relationship to coerce someone to make a decision not derived from their free will. This type of relationship can occur very commonly from an adult caregiver who may even be a relative. The…

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Throughout the financial planning process we must address numerous concerns. Is there ample liquidity? Is there a growth strategy? How can we mitigate risk? How can we create sufficient lifetime income? How can we plan for potential future long-term-care needs? How can we maximize the inheritance we leave our heirs? Finally, how can we reduce…

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