Blog — wealth transfer RSS


by Jeff C. Johnson


The Banker and the Lawyer

Recently, I learned the sad story of two men. Both knew better but died without making proper end-of-life arrangements. One had not updated his will and trust documents for many years, but his life had changed, his beneficiaries were much different, and his goals were not at all the same as they were a couple...

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by Jeff C. Johnson


Three Levels of Wealth, Part Five

From my previous posts, you know most people have little to do with regard to their wealth-transfer planning. They need to see a lawyer to get a will and some other health-care documents. Still, it’s unfortunate that many people don’t do end-of-life planning, probably to avoid considering an uncomfortable topic (their future and hopefully far-off...

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by Jeff C. Johnson


Three Levels of Wealth, Part Four: The Four Residual Wealth Transfers

Residual wealth is money above the amount that you will need to live the rest of your life comfortably. It’s an individual number that should be determined with the assistance of an experienced financial professional. If you are in this bracket, consider the following: You now have two buckets of money. The first is the...

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by Jeff C. Johnson


Three Levels of Wealth, Part Three

A lot of people have less money than they need to quit working and live comfortably for life. They make do by continuing to work late into life, or by downsizing their living situation, or even by relying on others, often family members. Their wealth-transfer planning is fairly simple, yet often neglected. A smaller percentage...

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by Jeff C. Johnson


Three Levels of Wealth (and Wealth Transfer), Part One

Over time, as I’ve worked with and advised thousands of clients, I’ve realized that there are essentially just three levels or categories when it comes to wealth transfer. Each of these involves taking a different approach to transferring wealth to heirs and to charity. Many people have just enough money saved to live the rest...

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