Estates, Wills & Trusts

Gifting – Question #3 – Diversification

Gifting - Question #3 - Diversification

We know about diversifying our portfolios – although we don’t always do it.  If our financial eggs are all in one basket we take a huge risk that failure of an asset class could substantially decrease our net worth.   Another way we diversify is in our personal lives.  We have a variety of friends and we rely on different […]

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Gifting – Question #2 – Grandchildren & Step Grandchildren

Gifting - Question #2 - Grandchildren & Step Grandchildren

There is quite a range of opinions on whether gifting should happen for the younger generation (the grandchildren) or just for the children.  It is entirely your personal choice – after all – it’s your money.  However, when gifting to the grandchildren it can be tricky to keep things fair.  One of the issues that arise occurs due to the […]

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Gifting – Question #1 – Who are you helping?

Gifting - Question #1 - Who are you helping?

This blog is the second in the series on family gifting and intergenerational transfers.  This is the first of five questions that professionals need to consider asking their clients when changes to financial plans, wills or other long term planning activities are being made in order to provide a ‘living’ gift.  This needs to be approached in a way that is […]

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5-Key Questions on Family Gifting & Intergenerational Transfers

5-Key Questions on Family Gifting & Intergenerational Transfers

Gifting sounds like a nice thing but it is filled with anxiety, pressure and unintended outcomes.  I cannot count the number of times that an individual has approached me about family gifting.   Increasingly, parents are being asked by their adult children for gifts.  Some of these requests are substantial in size with the potential to place the parents in financial jeopardy.  […]

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