Category: Wisdoms

Doing Good While Doing Well

Enjoying a successful career or owning a profitable business can enable a person to give some wealth back to the community where it was generated. If this describes you, consider the following pointers: ■ NEVER SELL APPRECIATED ASSETS IN ORDER TO MAKE CASH GIFTSIf you sell an asset in order to generate cash to make…
Siblingship

Siblingship describes the unique relationship between siblings. Siblings begin their relationship at a young age, and if they are fortunate, they reach old age together. They experience joys and setbacks, they laugh and cry — and they fight. Through the fighting, they can learn conflict resolution. Spouses join us in our adult lives. Friends often…
Financial Success for Parents & Kids

According to a recent study published by Ameriprise Financial, individuals in their 30s and 40s have received significant financial help from family and expect additional assistance in the future. And over a quarter of those surveyed said they received $25,000 or more.(1) It’s admirable to see that parents want to go to such great lengths…
SECURE Act 2.0

According to a Federal Reserve System report on the Economic Well-Being of U.S. Households in 2022–May 2023 in 2023, “3/4 of non-retired adults had at least some retirement savings, about 28% did not have any. This share who did not report any retirement savings was up from 25% in 2021. While most non-retired adults had…
The Mom Who Ran Out of Time

Having spent over 14 years handling elder issues, the one thing I have seen seniors do repeatedly is not plan for their passing because they think there will be time do it later. This naïve mindset causes so much frustration and anger that instead of leaving behind a legacy of love and fond memories, ill…
It’s Your Funeral

You own your body after you die and you can say what happens to it. If you say nothing, it will be up to your next of kin, such as your spouse, your children and then more distant relatives. By planning your funeral in advance, you can spare your loved ones stress and conflict. Your…
Should I Downsize After Retirement?

If you are approaching retirement or are already there, you may be considering downsizing your home. It’s a big decision, with ramifications for both your finances and your lifestyle. Here are some things to keep in mind:■ Decide if a move makes sense. Your needs and priorities may shift in retirement. Perhaps you won’t require…
Communication & Grief

Grief is a natural response to the loss of someone special. The process of grieving allows the griever to adapt to a new world of existence without the loved one.
Hawai‘i Lawyers Helping Seniors

Fifteen years ago, the Hawai‘i State Bar Association created the Senior Counsel Division (SCD). Its members are Hawai‘i attorneys who are 50 years of age or older (which is over half the Hawai‘i State Bar), and number in the thousands.
Covering Your Assets

Think of asset protection planning as a game. Follow the rules and you may avoid detours through lawyers’ offices and courtrooms.