Marc Ang gives a pep talk about some financial basics, such as saving money, not spending more than you have and focusing on your financial goals; based on a real life example of a successful retiree, Carla. Having financial basics are key before you even think about insurance and investing and keeps you from being a slave to your finances. Why do some people rise up from poor … [Read more...] about Breaking The Cycle of Poverty: Start With Your Mindset
Seniors
Do you need a Living Trust or is a Will sufficient?
You have worked hard for what you have and are interested in understanding where your wealth would go if something unplanned were to happen. Of course you don’t want a random probate court to decide what would happen to your assets when they find you don’t have any written legal representation. Your options as of now in dictating where your money would go would most likely … [Read more...] about Do you need a Living Trust or is a Will sufficient?
Probate State by State Thresholds
Do you have enough assets to warrant probate? Do you know what the probate process consists of? Check your state's thresholds here, and what types of property count towards those limits. Thanks to LegalMatch's Pavel Leshchinskiy for this thorough and concise write-up: http://www.legalmatch.com/law-library/article/how-probate-works-a-state-comparison.html Note: The original … [Read more...] about Probate State by State Thresholds
Estate Planning for Dummies: The Basics (Part 1)
Why estate planning is crucial, and what kind of huge debt you could be leaving to your family if you die prematurely. Homeowners, a living trust is crucial, as well as the rest of the estate planning checklist. Estate planning can be an overwhelming process. So much so that people just throw their hands up in the air and give up. But there's a huge danger in doing nothing, … [Read more...] about Estate Planning for Dummies: The Basics (Part 1)