by Leif Jensen | Nov 1, 2021 | Estate Planning |
I have to say, I get my motivated to accomplish some tasks done in the oddest ways. I have had a client pass earlier this year and their spouse had been handed a mess. There was no will or trust in place. There was property in three states. To make matter more...
by Leif Jensen | May 18, 2021 | Estate Planning, Investing, Money Management |
I have a client who has an adult child, that has some issues, and they want to make sure that they are in essence providing long term care. I recommended that they buy a six flat where they can earn enough from the 5 units so their child will always have a place to...
by Leif Jensen | Nov 17, 2020 | Estate Planning |
A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries. Now from a practical...
by Leif Jensen | Nov 16, 2020 | Estate Planning |
I have been dealing with estate issues of late and it got me thinking about the different types of wills and where they fit into estate planning. They fall into four broad categories. Simple Will – you decide who will receive your assets, possibly name a guardian for...
by Leif Jensen | Oct 19, 2020 | Estate Planning |
Here is the way to assist your kids or grandkids with their college education: Pay tuition directly to the school. The payment is nontaxable to the student, it does not count against the $15,000 annual gift tax exclusion, and it reduces your estate. The same can be...
by Leif Jensen | Aug 19, 2020 | Estate Planning |
Lately there seem to be a number of articles, at least were I am reading; with children having difficulties with family heirlooms or inheritance since their parent passed away and their new spouse is laying claim to all property by rule of law. I lived a bit of this...
