Category: Wisdoms
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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.
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Covering Your Assets
Think of asset protection planning as a game. Follow the rules and you may avoid detours through lawyers’ offices and courtrooms.
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Insurance You May Not Realize You Need
Insurance is a product for the what-ifs in life. A good insurance policy can reduce the financial impact of an adverse event, mitigate financial losses, provide stability and offer some peace of mind during difficult times. Some insurance coverage is deemed so important, it’s mandated by law. But there is also lesser-known insurance coverage worth…
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Minimize Asset Distribution Drama
Minimizing estate asset distribution conflicts among survivors proves to be a challenging consequence of death. Hard-to-divide assets such as a family heirloom or the family home can cause the fracturing of relationships.
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What’s in YOUR Toolbox?
Trusts are tools. Like screwdrivers, they come in a variety of sizes and shapes, each designed to accomplish a defined result. You need a screwdriver with a tip that looks like a straight line for a screw with a head that has a straight slot in it. You need a screwdriver with a tip shaped…
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Dealing With Details While Grieving
With death comes grief, the natural emotional response to losing someone meaningful. With death comes a myriad of complexities that grievers face that can significantly interfere with the natural progression of grief and adaptation to a new life without the significant other person. These complexities, which we call “estate administration,” include: 1) making funeral and…
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I’m a Trustee… Now What?
Inheriting property can be both a gift and challenge. As a trustee, you’re not just receiving real estate, you’re inheriting family responsibilities, property maintenance and tax implications. In Hawai‘i, the complexity increases given the unique real estate landscape. So what options can maximize the potential of your inheritance? Consider the 1031 Exchange, which permits trustees…