When aviator, film producer and engineer Howard Hughes died in 1976, no will was found. Suddenly, a gas station attendant named Melvin Dummar arrived on the scene waving a handwritten will.He claimed he had once rescued Hughes from the side of the ...

The Secret To Drama-Free Discussions About Inheritance

Every parent with more than one child knows that not all kids are created equal. One child may be super responsible, the other carefree; one child may be healthy, one may have a chronic disease; your daughter has made a wonderful marriage, but your ...

7 Reasons Your Kids Shouldn't Always Get The Same Inheritance

Though all families are different, there may be one common thread woven through each one: the ability to make sound financial decisions is not a trait all family members are blessed with.Because of this phenomenon, many of today's family patriarchs ...

A Clever Estate Planning Tool That Keeps You In Control

The whole point of estate planning is to leave your children and spouse in as strong a position as possible in case you die. But that doesn't mean that those without a spouse or children need not bother.On the contrary, settling all of your personal ...

5 Estate Planning Moves For Those Without Heirs

Entrepreneurs tend to have strong personalities and as such, are very much in charge of their business operations. And yet, many small business owners are clueless when it comes to estate planning and they fail to seek advice about their estates ...

Entrepreneurs and Estate Planning: Protecting the Golden Goose

When a supposedly noble cause pulls at your heartstrings, don't be too quick to loosen your purse strings.By following these how-to steps below, you can avoid the scams and get the most benefit from every charitable contribution.With more than ...

Shrewd Philanthropy: How to Give Without Getting Taken

As we mentioned in our recent article on 3 Billionaire Habits, successful investors often have a desire -- bordering on a compulsion -- to donate their wealth to a charitable cause. Luckily, charitable giving bestows financial as well as emotional ...

Combine Charity, Flexibility & Big Tax Savings with a Charitable Remainder Unitrust

It's never fun to think about death -- especially your own. But we all die, and when we do, we want our loved ones to benefit from our legacy.Yet it's scary to think that taxes and expenses can eat away at our wealth after we're gone.But there is a ...

Your Will May Not Be Enough - Here's What You Can Do Instead

When you look at your list of daily tasks and appointments, what jumps out? The presentation that you have to prepare? That hot stock you want to buy? The trip that you need to plan? The start of your daughter's soccer game?Thanks to all of these ...

The Common Mistake That Puts Your Entire Portfolio At Risk

Do you expect Uncle Sam to show up for your funeral? Would you rather that he stay away?If you die with a substantial estate, the federal government -- and maybe even your state government -- will want a cut of what you leave behind, very possibly ...

A Simple Plan to Avoid Estate Taxes

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<title>Estate Planning</title>