Category: Asset Protection

Ep 214: Why the Customer Isn’t Always Right in Financial Planning

On this episode: In nearly all of the retail, restaurant and hospitality world, the old saying is that “the customer is always right.”  But when it comes to financial planning, it’s probably not wise to subscribe to that idea. What’s the point of having a financial coach if your advice is better than your coach’s[...]

Make It Last – Ep 166 – Expect the Unexpected

Listen Here! This week on Make It Last Victor will be discussing what the client experience is like and the role of our Director of Business & Client Strategy. He'll also be talking about Social Security and how most Americans don't understand it. Victor will also discuss why it's important to prepare for the worst,[...]

Being Single and Without Children Still Warrants a Will

Most people who are relatively young, do not have a great deal of wealth or do not have children may be under the impression that they can avoid the estate planning process in total. This could end up being a big mistake, however, if something were to happen to you. Don't take the short-term view[...]

What to Consider When Passing Assets on to Your Family Members – Part I

There are many different considerations when thinking about leaving behind your assets to your loved ones. Read on to learn more about the first of the four major reasons you should consider in this four-part blog post series.  Most people do not realize just how many belongings and assets they have until they sit down[...]

Estate taxes in New Jersey

I think we can all agree that New Jersey is a great place to live, work, and raise a family. But is it a great place to die? Not so much. Why? In a word (okay, two words): estate taxes. Sure, the federal estate tax exemption is $5.3 million, and taking advantage of the unlimited[...]

Must-Do Estate Planning Tasks for the Boomer Generation

For New Jersey’s baby boomer residents who still do not have estate plans, planning needs to be on the top of their to-do list for the new year. A recent article discusses several important estate planning tasks that should be done as part of any estate plan. Create a Will and Trust: While this may[...]

Do The Wealthy Use Medicaid?

A common estate planning strategy often discussed is the “Medicaid spend down.” This occurs when a person reduces his or her assets so that he or she can qualify to receive Medicaid benefits. Medicaid, of course, is an entitlement program. Individuals rely on Medicaid as a last resort to cover the astronomical costs of long-term[...]

A Growing Need for Estate Planning

In the coming years, experts predict that the demand for estate planning services and expertise will be greater than ever. As a recent article points out, the nation’s aging baby boomers are currently entering the retirement phase of their life. This “silver tsunami” is increasing the need for retirement and estate planning. American’s senior citizens[...]

Transferring The Title of Your Home Is a Dangerous Proposition

A common estate planning arrangement that many seniors have considered is transferring the title of their home to a child. According to a recent article, however, transferring the title of your home is a dangerous proposition.   Put simply, once you transfer the title of your home, the person you transfer title to is the[...]

Giving to Your Grandkids Without Sacrificing Your Retirement

Many grandparents desire to help their grandchildren financially, however the weak economy and job market has put many grandchildren in a situation where they need more than their grandparents can realistically give. According to a recent report in The Wall Street Journal, grandparents who are making financial gifts to grandchildren while living off their savings[...]