Latest Blog Posts

Estate Planning for Young Families

Posted on: December 6th, 2012
Many young families put off estate planning. If asked, they may say they are too young, healthy or can’t afford it. Some have trouble just thinking about what could happen if they should die while their minor children and spouse are depending on them. But even a healthy, young adult can be taken suddenly by an accident or illness, and those with young families need estate planning precisely because others are depending on them....

President of Troy, MO Bank nabs masked robber from St Louis Post Dispatch

Posted on: November 1st, 2012
Maybe the bank robber couldn’t see very well through the holes in his mask — the face of Chucky from the “Child’s Play” horror movies — as he walked into Peoples Bank & Trust Tuesday afternoon. After all, it says right on the door that concealed weapons are allowed in the bank. They’re practically encouraged by the sign: “Management recognizes the Second Amendment to the U.S. Constitution as an unalienable right of all citizens.”...

Gun Law Planning – Gun Trusts

Posted on: October 24th, 2012
Today’s hot button is the acquistion of National Firearms Act (NFA) firearms. These are silencers, machine guns, short-barreled rifles or short-barreled shotguns, destructive devices, “any other weapons” category regulated under federal and state law. Use of an entity, such as a corporation, LLC, partnership or a trust simplifies the process by eliminating the requirement to seek Chief Law Enforcement Officer (CLEO) approval prior to making application to the ATF. Such approval is denied in many if not a majority of U.S. jurisdictions.....

What and When Should You Tell Your Children About Their Inheritance?

Posted on: October 22nd, 2012
Not many parents like to talk to their children about their wealth. How much money people have is usually considered a private matter, something it’s not polite to talk about. But not talking to your children about how much they may inherit can leave them unprepared to handle even a modest amount....

The Perils of Making Lifetime Gifts and Loans to Your Children

Posted on: October 2nd, 2012
When counseling clients, I am always concerned when I learn that parents have made, or are proposing to make, large monetary gifts or loans to their adult children. The reasons for such gifts or loans vary. Perhaps a child finds him or herself in financial difficulty, often as a result of a job loss, divorce, business failure, or dependency addiction. Few parents, even if they have limited means, turn away a child in need....

Naming a Guardian for Your Minor Child(ren)

Posted on: September 19th, 2012
If you have a minor child, you need to name someone to raise your child (a guardian) in the event that both parents should die before your child becomes an adult. While the likelihood of that actually happening is slim, the consequences of not naming a guardian are great....
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