Purpose

YOUR ESTATE PLAN NEEDS ONGOING MAINTENANCE

YOUR ESTATE PLAN NEEDS ONGOING MAINTENANCE

Your estate plan can't be a document which is created and then shelved. Over time, your estate plan will no longer reflect your actual estate. Ongoing maintenance is required to help your family avoid confusion, fighting, and even lawsuits.

How to Create Your Net Worth Statement

How to Create Your Net Worth Statement

A net worth statement is one of the key documents you’ll need in planning your finances and achieving your goals. Creating your net worth statement might seem like an intimidating task, but for most people it’s actually relatively simple. Learn how to create a basic net worth statement in about 15 minutes.

3 Surprising Things That Will Make You Keep Beneficiaries Up to Date

3 Surprising Things That Will Make You Keep Beneficiaries Up to Date

If you haven’t reviewed beneficiary designations on all of your accounts, your heirs can be severely impacted. Improperly set designations will override your will, could increase tax liabilities, and can cause financial difficulties for your family.

Your Financial Plan Should Be Grounded in Your Life Goals

Your Financial Plan Should Be Grounded in Your Life Goals

When developing your financial plan, focus less on your finances and focus more on the lifestyle you want to achieve. Your financial plans should be rooted in the life goals you want beyond your finances. No matter if your goal is to pay off debt or own a villa in Europe, your finances are simply a means to an end.

Why Have a Net Worth Statement

Why Have a Net Worth Statement

The human brain is an amazing thing, capable of dreaming up whimsical fantasies about our personal finances and how we are doing with our wealth and our debts. Creating a net worth statement is one of the greatest tools we can wield in stripping away our fantasies and waking ourselves to the realities of our personal finances.

Signs You Need A Financial Adviser

Signs You Need A Financial Adviser

For those who regularly read and learn about their personal finances, it is easy to fall into the thinking you don't need a professional financial adviser. For some, do-it-yourself financial management can work quite well when you are first starting out. As your life and your finances become more complex, doing it yourself can cause unforeseen problems. Here are some of the signs that indicate you might need a professional financial adviser.

Eight additional uses of your net worth statement

Eight additional uses of your net worth statement

You're probably familiar with the net worth statement as a tool for getting a quick snapshot of all you own and all you owe. But the net worth statement is the Swiss army knife of your financial documents, allowing you to use it for a surprising number of purposes. Keep your net worth statement handy for helping with all aspects of your financial plan including your insurance needs, estate planning....

Creating Open Communication with Key People in Your Estate Plan

Creating Open Communication with Key People in Your Estate Plan

Maintain an ongoing dialogue with the four key individuals who will be in charge of fulfilling your final wishes; the executor of your estate, the guardian of your children, your medical power of attorney, and your financial power of attorney. 

How to Identify Financial Professionals for Individual Tasks

How to Identify Financial Professionals for Individual Tasks

The purpose of personal finance is more personal than finance, but there is value to having an objective financial advisor in your corner. Seeking out professional advisors for individual goals or pieces of your financial plan can save you or earn you thousands of dollars more than you pay for the advice. Identify key advisors and find the answers to these 5 questions.