Category: Wisdoms

  • Reflecting on What is Important

    I had been preparing to write about the importance of conversation in estate planning while watching a documentary on HBO called Cries From Syria. In the midst of this heart-wrenching story about the Syrian situation—a girl, who could not have been older than 8 or 9—facing death from starvation and preparing her will. It had…

  • Essential Dialogue About Family Wealth

    According to the Family Wealth Checkup study by Ameriprise Financial, there’s a correlation between financial confidence and communication. While many families are discussing financial issues, they tend to shy away from topics like inheritance and estate planning, leaving some with unrealistic expectations.

  • Estate Planning From the Inside Out

    I’ve noticed that many people approach estate planning from the outside in, rather from the insideout. For example, many people want to “avoid probate” or “minimize tax” as a primary goal — good goals, for sure. If we stop there, we miss the opportunity to explore the deeper meaning underlying these goals, such as ensuring…

  • My Elder Abuse Teacher

    It wasn’t the mainland trainings or the thousands of cases I have handled that have given me the greatest insights into elder abuse. No. The best “teacher” I have had regarding dealing with the complexity and emotional stress of dealing with these crimes has been through helping my mother-in-law over the years. “Mary” (not her…

  • What Does It Mean to Be a Trustee?

    A trustee is what the law calls a fiduciary. A fiduciary is a person who is responsible for taking care of something that belongs to someone else. Under the law, fiduciaries owe legally enforceable duties to the beneficiaries — the people or charities on whose behalf they handle assets. A trust is a legal relationship…

  • Creating a Charitable Giving Strategy

    It’s not too late to align your spending with your priorities. If charitable giving is an important part of your budget, take a step back and reevaluate your giving strategy. There are a myriad of causes and organizations you can support, which can leave even the bestintentioned philanthropist confused, frustrated and overwhelmed. The following steps…

  • ‘Rocks in a Box’ & Other Crimes

    Over the years, we’ve covered the devastating effects of fake lotteries that have resulted in Hawai‘i seniors losing millions of dollars (even their homes); the distressed relative scam (more commonly referred to as the “Grandma Scam”); sweetheart swindles/sham marriages; and the actions of adult children and caregivers who have stolen not only the life savings…

  • Capturing the Heart of an Estate Plan

    The usual response I receive when I ask, “What brings you here?” during an initial meeting with clients, is, “To avoid probate and minimize taxes.” Avoiding probate and taxes are good goals, and easy to resolve. The much more difficult — and much more meaningful work — is all relational. When we delve further into…

  • Make Your Giving Go Further

    Technology has made all of our lives easier. Just by using a smartphone, you can talk to people all over the world, check the weather forecast or reserve a seat on a plane. The true power of the smartphone is how it combines a myriad of tools into a single, sleek device. As you support…

  • ‘Test Drive’ Your Estate Plan

    Kingdom Advisors founder Ron Blue takes an interesting approach to estate planning. He advocates lifetime giving as a way to assure that the objects of your bounty are worthy recipients of your wealth. This could play out a couple of different ways. As Blue points out, there are three places your “stuff” can go after…

  • Control Healthcare Costs in Retirement

    It’s no secret that healthcare becomes a bigger concern for most of us as we grow older. More ailments are likely to develop, which means more money is spent to visit health professionals and purchase medications. Even if you remain healthy through your later years, the costs of preventative care and preparing for potential, unexpected…

  • Lightning Does Strike Twice

    When Terry discovered his home had been burglarized, the frustration of having to replace his valuables paled in comparison to the feelings of being violated. Then, several nights later, someone entered his garage and stole his car. What Terry didn’t realize was that during the burglary of his home, the thief took his spare set…