A real issue in many families which people often do not wish to admit or discuss could be a family member or beneficiary with a substance or behavioural addiction. These condition might prevent them for managing their inheritance effectively and as you really intended.
7 Minute Wisdom Podcast #6: Special Needs Children
Children with special needs often require specific planning and individual arrangements when it comes to preparing your Will and Legacy Plan. Not only as to who will provide the ongoing care, but primarily in many cases the need for adequate finance for the child's care is the greatest issue.
7 Minute Wisdom Podcast #5: The Unaware Squared Trap
The greatest danger in estate planning could be the fact that you simply don't know what you don't know. Could there be something missing from the advice you have received? A thorough, detailed discovery questionnaire is essential to eliminate potential issues.
7 Minute Wisdom Podcast #4: The Deferral Dilemma
When it comes to Estate Planning and drafting a Will, why is it that so many people procrastinate or wait for the perfect situation before getting started? Tragically this habit and attitude can lead to a messy situation if you pass before getting your plan sorted.
7 Minute Wisdom Podcast #3: The Condescending Counsel
Sadly, in situations where advisers, accountants, solicitors, or other facilitators are required to work together, it can be an all too common issue that someone's ego stands in the way of a great outcome for the client.
7 Minute Wisdom Podcast #2: Family Consensus Meeting
Contested Wills are becoming more and more common, resulting sadly in families being torn apart and significant legal costs. What steps can be taken to protect your estate and your beneficiaries?
7 Minute Wisdom Podcast #1: Fair Doesn't Mean Equal
If one child of a family contributes to a family business (therefore growth of an estate), but other siblings choose not to be involved, how can this be clinically measured when it comes to preparing your Will and Legacy Plan? What factors are there to be considered?