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Blog About Estate Planning

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Estate Planning 101: The Role of a Financial Advisor

Estate Planning 101: The Role of a Financial Advisor

Articles, Estate PlanningBy Mitchell NakhmanovichApril 17, 2020

According to studies, only 17 percent of Americans work with a financial advisor when it comes to matters finance. They believe in handling their finances, which is a huge mistake. Proper financial management is vital in planning your estate, the reason to work with an advisor to help you with the process correctly. Still, many…

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Elder Scams in Estate Planning: How to Protect Your Inheritance

Elder Scams in Estate Planning: How to Protect Your Inheritance

Articles, Estate PlanningBy Mitchell NakhmanovichApril 16, 2020

Scenario When Jane’s mother passed away, she knew she would get a good share of the estate that her mother had grown over the years. She knew that the mother had real estate and money in the bank. When the will was finally read out, she was surprised to discover that the mother hadn’t left…

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Is Your Digital Estate Worth Planning for

Is Your Digital Estate Worth Planning for?

Articles, Estate PlanningBy Mitchell NakhmanovichApril 15, 2020

When 78 year old Anne lost her husband James to an accident, she realized that she had no idea what his passwords were. She couldn’t access his Apple account on the iPhone, iPad and computer that they had stored all their data on. On calling Apple to get help, she was advised that she needs…

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Dangers of DIY Planning

Dangers of DIY Planning

Articles, Estate PlanningBy Mitchell NakhmanovichApril 14, 2020

Estate planning mistakes can turn out to be expensive than you ever thought. The amount you spend fixing the mistakes – that is if they can be fixed at all – is huge. The situation is simple – when a person makes a mistake in planning their estate and get deceased later on, they won’t…

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Challenging Estate Plans - Legal Requirements

Challenging Estate Plans – Legal Requirements

Articles, Estate PlanningBy Mitchell NakhmanovichApril 13, 2020

This article is part of a larger series that presents a number of ways a will or estate plan could be challenged. Taking these potential threats under consideration is critical when planning your estate and they are often overlooked until it’s too late. One of the most important steps in one’s life is creating an…

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Challenging Estate Plans - Lack of Testamentary Capacity

Challenging Estate Plans – Lack of Testamentary Capacity

Articles, Estate PlanningBy Mitchell NakhmanovichApril 12, 2020

As stated in the four previously published articles, estate planning is a critical part of one’s life, especially as you get older and/or bring children into the world. The other three articles covered things such as fraudulent signatures and undue influence and how these can affect the validity of an estate plan. When planning for…

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Celebrity Estate Planning Mistakes – and What We Can learn From Them

Celebrity Estate Planning Mistakes – and What We Can learn From Them

Articles, Estate PlanningBy Mitchell NakhmanovichApril 11, 2020

Celebrities across the world have entertained us in more ways than one. We have seen tragedies both in life and in death among our favorite celebrities, but there are a few tragedies that go past death, leaving their families trying to grapple with both physical and monetary losses. We are referring to estate planning mistakes…

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The Basics of Family Business Succession Planning

The Basics of Family Business Succession Planning

Articles, Estate PlanningBy Mitchell NakhmanovichApril 10, 2020

Business succession planning refers to a series of financial and logistic decisions that you make regarding who takes over your business when you pass away, retire or become incapacitated. When you run a family business, succession is never that simple. You have to account for a lot of things when you transition from one generation…

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Brief Overview of Estate Planning

Brief Overview of Estate Planning

Articles, Estate PlanningBy Mitchell NakhmanovichApril 9, 2020

This article gives readers a brief overview of several core concepts in estate planning. This guide is an excellent starting point for people new to estate planning and can be used in conjunction with an estate planning attorney. Knowing these basic concepts will benefit you and ensure the estate you’ve committed your life to earn…

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Estate Planning for Farmers

Estate Planning for Farmers

Articles, Estate PlanningBy Mitchell NakhmanovichApril 8, 2020

As a farmer or ranch owner, you face similar obstacles in estate planning akin to other businesses. However, you will come across a few aspects of the estate plan that are unique to the farm. When you own a farm that you have held on to for a long time, then you need to undertake…

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