September 6, 2017
The Perils of Joint Tenancy: The Poor Man’s Estate Plan My regular readers already…
The Perils of Joint Tenancy: The Poor Man’s Estate Plan My regular readers already know that I’m constantly beating the drum to convince families that an estate plan is a necessity not just something that would be nice to have. I get all types of responses but one of the most common is “I’m…
A few weeks ago I wrote a short blurb about Guardianship and it got a bit of attention. Well, this time I’m going to be more blunt with you parents out there and say “If you have kids and haven’t created an estate plan, you trippin’ Yo and it’s time for you to get your…
In addition to the reasons listed above, some people take an estate planning shortcut and think that simply adding a loved one(s) to their title and bank accounts is enough. This “poor man’s” estate plan presents lots of different problems. Most importantly, it doesn’t shield the assets you want to leave to loved ones from…
“Daddy, What’s a Will?” In the opening of “Legacy” on Jay Z’s critically acclaimed “4:44,” Blue Ivy asks, “Daddy, what’s a will?” Then with Johnny Hathaway’s “Someday We’ll All Be Free” looping in the background, Jay Z delivers a plea tailored to our community to GET FREE by leaving a legacy for our families. As…
It was recently noted that African American women are the most educated of all demographic groups in the U.S. Yassss, we are doing the dang on thang! However, as we strike out on entrepreneurial ventures, climb the corporate ladder, or just decide to define our lives on our own terms, many of us overlook…
If you’re a child of a baby boomer and have children, your estate planning concerns are two-fold. One is how to plan for the protection of your children and create a legacy for them. The other is having “The Talk” with your aging parents and assisting them in getting their affairs in order. Of course, I’m…
You may think you don’t have an estate so there’s no need to create a plan. The truth of the matter is that whether you create an estate plan or not, your assets will be distributed. What you need to be concerned about is who will inherit your property. Property is more than just real estate….