Category: For Your Kids

Your Bucket List for Estate Planning: Why a Trust Might Be Right for You

By David Edwards on Nov 09, 2010 in Aging Parents, Asset Protection, Business or Farm, Disability, Divorce Risks, Estate Tax, Family Farm, For Your Business, For Your Kids, Grandchildren, Kids' Inheritance, Lawsuits and Creditor Risks, Marriage & Remarriage, Nursing Home, Parents, Tax, Wills and Trusts

A recent movie with Morgan Freeman and Jack Nicholson inspired a lot of people to think about their bucket list – the things they would like to do before they die. While a trip around the world in a sailboat may seem a lot more exciting and glamorous than estate planning, thinking about what you [...]

Keeping the Family Farm in the Family

By David Edwards on Jun 01, 2010 in Business or Farm, Family Farm, For Your Kids, Kids' Inheritance, Parents

[originally appeared in the Prairie Farmer magazine - reprinted with author's permission] “We worked hard to pay for and build up the farm to what it’s worth today. We couldn’t have done it without the help of our son (or daughter). As we do our estate planning, how can we be fair to all of [...]

Michael Jackson: King of Pop (and Estate Planning?)

By David Edwards on Jul 03, 2009 in Asset Protection, For Your Kids, Kids' Inheritance, Name Guardians, Parents, What a Will Does, What a Will Doesn't, Why use a Living Trust?, Wills and Trusts

Are you tired yet of hearing about the Michael Jackson saga? One thing for sure, the gossip media should have plenty to talk about for quite a while. It turns out Michael did have a Last Will & Testament after all. (Thanks to those who sent me links to good articles on his estate issues.) [...]

Protecting Your Family Like an NFL Lineman

By David Edwards on Apr 20, 2009 in Asset Protection, Asset Protection Trusts, For Your Kids, Kids' Inheritance, Lawsuits and Creditor Risks, Marriage & Remarriage, Parents

The other day I had a chance to speak at the Rotary Club. My topic, like the article “How (and Why) Athletes Go Broke” in the latest issue of Sports Illustrated, was about protecting the money you’ve worked so hard for. There are many ways your spouse, children or grandchildren could end up losing what [...]