Five years ago, I developed an idea to build a business. I developed a business plan based on the service I wanted to provide. While I wanted to work as an estate planning attorney, it was also important for me to share and sow into my community in a meaningful way. I had such a positive experience administering my mother’s estate, so I wanted to share the process, timeline, and what to expect with others.
I have a heart to give, but I don’t always have the cash to do so. Luckily for me and for others like me, I can donate stock and other assets to my favorite charities in order to fulfill my donative intent. Instead of selling stock and donating the proceeds from the sale, I can donate appreciated stock to a qualified charity without subjecting myself to capital gains tax. Moreover, I can take an income tax deduction for the charitable contribution.
Many of you are self-quarantined and are participating in social distancing in response to the COVID-19 outbreak. The virus has caused us to pause and be still. In our stillness, we gain clarity and become focused on our priorities.
If you complain about not having adequate time to take care of your legal affairs, use this time to organize and plan. Take inventory NOW, and begin organizing your account information, your insurance policies,
I know you are excited about beginning the new decade. Social media is replete with posts and memes about the new year. I’ve noticed several posts about obtaining 20/20 vision in this year, an expected play on the decade’s name and number. You are probably busy identifying and outlining goals. Your enthusiasm is not lost on me. I get it. You want to move ahead. But in order to SUCCESSFULLY move ahead with your financial goals,