We’ve mentioned this statistic before, but it bears repeating: 6 out of 10 adult Americans do not have any estate plan documents in place. Of course, we know that doesn’t mean that nothing will happen to their assets or their loved ones after they pass. Instead, a failure to plan simply means that your assets …
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Resolve to Succeed: The #1 New Year’s Resolution Your Business Should Make
In January, we set goals for ourselves in the hopes that this year will be a little bit better than the last. Our resolutions can be small and concrete, like cutting down on caffeine, or big and transformative, like changing our outlook on things outside of our control. Whatever the resolution, the new year offers …
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Can You Tell Whether You are Dealing with a Real Expert?
On the internet, anyone can claim to be an expert. Even in the legal profession, websites and blogs can be misleading. How can you tell whether an attorney truly specializes in a particular area of law? You don’t want to risk your money and your time on an attorney who is inexperienced or incompetent. Always …
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New Federal Law Requires Hospitals to Publish Prices
On January 1, 2019, a new federal law came into effect, requiring hospitals to publish their pricing for the public to see. This regulation, created in response to notorious problems with healthcare cost transparency, was intended to provide patients with more consumer control. The trouble, however, is that consumer advocates say these price lists won’t …
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Losing the Nest Egg: How Families Lose Wealth Over Generations
You may have heard this shocking statistic circulating lately — 70% of families lose their wealth within two generations (and 90% lose it by the third!). It’s hard to really imagine how this could be so, but according to a survey done by Williams Group Wealth Consultancy, it’s true. How Do Families Lose Generational Wealth …
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‘Tis the Season for Estate Planning
At Brian M. Douglas & Associates, we care deeply about our clients and their families. From our perspective, estate planning is all about love, and we are committed to helping our clients show their love by providing for and protecting those they cherish. But, like most things, there are two sides to every coin. For …
Incorporating IP into Your Estate Plan
As you prepare your estate plan, the most obvious assets that jump to mind are likely heirlooms, real estate, and bank accounts. However, you may be overlooking some of your most valuable assets. Your intellectual property has value, and it is just as important to include them in an estate plan as any other asset …
Give Thanks with a Thoughtful Estate Plan
What are you Thankful for this Year? Thanksgiving is the first spark of the holiday season, and before we head into the merriment, joy, and yes, sometimes stress, we are given the opportunity to pause and consider what we are thankful for. What are you most thankful for? Creating an Estate Plan to Protect the …