LifeFocus Planning® Blog
By Matthew A. Ferri, Esq. When it comes to our children, we all plan for their future. We consider school districts when buying a house, find activities that fit their interests, sacrifice weekends to take them to practice or events, save money for college and try to instill in them different skills and values that will help in life. In all that planning, it is crucial to also include your wishes if something happens to you. Perhaps nothing is more important when p...
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Posted July 03, 2023 at 08:52 AM
By Matthew A. Ferri, Esq. Why estate planning for young professionals? As we have been emphasizing for Estate Planning Awareness Week, estate plans can benefit everyone. For young professionals who either are just starting their professional career to those who haven’t yet reached retirement, having a plan in place can offer various protections and can help give you peace of mind. Just Starting Out – Estate Planning For Young Professionals For those just startin...
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Posted November 19, 2022 at 01:18 PM
Using Joint Accounts By Matthew A. Ferri, Esq. Do you own joint accounts or property as joint tenants? Have you considered the planning pitfalls of this way of owning property? Ownership as joint tenants (which includes joint accounts) is so pervasive in our society that we never look at its downsides. What Is Joint Tenancy? In joint tenancy, each person owns the entire asset, not a part of the asset. This legal fiction of two or more people owning 100 percent of the same asse...
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Posted May 19, 2022 at 09:43 PM