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,
Today I will discuss estate planning vehicles at the Lucile Bluford Library. Get READY for a candid discussion about probate, non probate transfers, wills and estates. It is time to get our houses IN ORDER! Thank you for your participation. Go forth and build your legacy!
As this Labor Day comes to a close, I am embarking on a new season. For all intents and purposes, summer has come to a close, and Pumpkin Spice season is in full effect. (Yes!) I am conflicted because I want to hold on to summer and all that is represents – warm weather, long days, and sunshine. Unfortunately (or fortunately) the days are getting shorter and the temperature is changing.
Seasons do change and we have to prepare for that change.
Memorial Day is a holiday set aside to honor the memory of military personnel that sacrificed their lives to protect our freedom. On this day we also honor our loved ones who have passed away. Memorial Day marks the beginning of the summer season. My family tradition includes visiting the graves of my loved ones and adorning them with vibrant flowers. What better day than this one to launch my website and preview my book,
Hello, I am Donna Watson. As an extension of my social media presence, I will blog on various topics including financial literacy, estate planning, and accumulating wealth. I will NOT provide legal advice or counsel on this site. The blog is an effort to build awareness and create a dialogue about financial decisions and building a lasting legacy. Any tips? Feel free to leave a comment. Comments will be monitored for language and content. Remember It’s Never Too Late!