The trust and the living (pour-over) will make up the foundation of an estate plan. No estate plan would be complete without the two separate durable power of attorney, one for financial purposes and one for health care directives. The four listed four documents in the figure below make up [...]
As I mentioned in my previous post, Americans are abysmal at Estate Planning. Over 50 percent don’t even have living will to convey their wishes after they pass. If you dig deeper into the statistics, you will find that even fewer Americans have a living trust that protects them from [...]
What is estate planning exactly and why should I care? This blog is not for self-centered individuals precisely because estate planning is not about you, it’s about everyone else you care about. Effective estate planning is done entirely for the beneficiaries of those you care about and will sadly benefit [...]
“Home country bias” is an investor’s preference for holding investment securities domiciled in their own country. Simply put, it is an investor’s bias toward investing in their own country. Investopedia defines home country bias as follows: Investors' natural tendency to be most attracted to investments in domestic markets. Investors tend [...]
OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February. - Mark Twain The above quote reminds us that there is inherent risk in investing and in exchange for that risk, [...]
