Law Office of Lynda J. Striegel Estate and Business Planning

Law Office of Lynda J. Striegel Estate and Business Planning Estate and Business Planning:

Customized Estate Planning
Living Trusts
Pour Over Wills

Stock markets in the U.S. and worldwide have been volatile lately—large swings in short periods of time. China’s market ...
03/01/2022

Stock markets in the U.S. and worldwide have been volatile lately—large swings in short periods of time. China’s market has lost a lot of its value. Other emerging markets are crashing and burning: however, the U.S. economy seems to be doing well. No one knows if the Federal Reserve is or is not going to raise interest rates. With all of this turmoil, it is no wonder many ordinary investors are concerned. There are four things you can do to give yourself peace of mind - More here:

Stock markets in the U.S. and worldwide have been volatile lately—large swings in short periods of time. China’s market has lost a lot of its value. Other emerging markets are crashing and burning: however, the U.S. economy seems to be doing well. No one knows if the Federal Reserve is or is not...

If you have created a living trust, you have already taken steps to avoid the probate process. The concept of the livin...
02/23/2022

If you have created a living trust, you have already taken steps to avoid the probate process. The concept of the living trust is to re-title all of a person’s assets into the name of their trust so that when they die they are not holding any assets into their sole name and therefore there is no probate. But, beware. A living trust is just what it says—a living document. If you have a living trust you must make sure you have (1) placed all your assets into the name of your trust; and (2) kept your trust and beneficiary designations up to date. More here...

If you have created a living trust, you have already taken steps to avoid the probate process. The concept of the living trust is to re-title all of a person’s assets into the name of their trust so that when they die they are not holding any assets into their sole name and therefore there is no p...

When you die, if you are holding property in your sole name, the only way that property can get to your loved ones is th...
02/11/2021

When you die, if you are holding property in your sole name, the only way that property can get to your loved ones is through the probate process. The only way to avoid probate is to create a Revocable Living Trust. By placing your assets into the name of your trust, when you die you will not have assets held in sole name and therefore, no probate. More here...

When you die, if you are holding property in your sole name, the only way that property can get to your loved ones is through the probate process. The only way to avoid probate is to create a Revocable Living Trust. By placing your assets into the name of your trust, when you die you will not have a...

Given the Covid situation, now may be a great time to teach your children and grandchildren about finance. How can you s...
12/14/2020

Given the Covid situation, now may be a great time to teach your children and grandchildren about finance. How can you start teaching your children and grandchildren? Here are three tips. More here...

Given the Covid situation, now may be a great time to teach your children and grandchildren about finance. How can you start teaching your children and grandchildren? Here are three tips. Explain what money is and how it works: Unfortunately, many children hear only negative comments about money fro...

We’ve discussed the importance of asset allocation to your success as an investor. Harry Moscowitz won a Nobel prize for...
11/12/2020

We’ve discussed the importance of asset allocation to your success as an investor. Harry Moscowitz won a Nobel prize for inventing modern portfolio theory in 1954 based on the concept that if you allocate your assets across a broad enough spectrum of equity, fixed-income and other types of investments, and one of your investments declines in value, the others are likely to take up the slack and keep your investment returns on an even keel. More here...

We’ve discussed the importance of asset allocation to your success as an investor. Harry Moscowitz won a Nobel prize for inventing modern portfolio theory in 1954 based on the concept that if you allocate your assets across a broad enough spectrum of equity, fixed-income and other types of investm...

Women need to get a financial education and how many professional financial advisors aren’t offering women what they wan...
10/05/2020

Women need to get a financial education and how many professional financial advisors aren’t offering women what they want—a lifetime financial plan. If you are reading this, you’re concerned about your financial education. You know somehow such an education is important to you. Why? Are you looking for financial protection, or is your goal to buy a house, a boat, or finance your child’s college education? More here...

In recent columns, I have talked about why women need to get a financial education and how many professional financial advisors aren’t offering women what they want—a lifetime financial plan. If you are reading this, you’re concerned about your financial education. You know somehow such an edu...

I have often heard from clients that they have a Will so their loved ones will not have to go through probate. True or f...
08/31/2020

I have often heard from clients that they have a Will so their loved ones will not have to go through probate. True or false? False. When you die, if you are holding property in your sole name, that property must go through the probate process to be distributed to your loved ones. It doesn’t matter whether you die intestate (without a Will) or with a Will. More here...

I have often heard from clients that they have a Will so their loved ones will not have to go through probate. True or false? False. When you die, if you are holding property in your sole name, that property must go through the probate process to be distributed to your loved ones. It doesn’t matte...

Basic Business Documents - what you need to know... more here:
06/17/2020

Basic Business Documents - what you need to know... more here:

The Articles Once you have made the decision to incorporate your business, you need to decide what form the incorporation will take. A limited liability company, also called an LLC, is the most common form of incorporated entity. Why? It’s simple and allows for changes in plans and approach. Owner...

The short answer is that unless you create a Revocable Living Trust, you cannot avoid probate for property held in sole ...
05/26/2020

The short answer is that unless you create a Revocable Living Trust, you cannot avoid probate for property held in sole name, but you can minimize the number of assets that have to go through the probate process to get distributed to your beneficiaries. More here...

The short answer is that unless you create a Revocable Living Trust, you cannot avoid probate for property held in sole name, but you can minimize the number of assets that have to go through the probate process to get distributed to your beneficiaries. Many people want to avoid putting their benefi...

When you visited your doctor last time, did the doctor tell you he or she wanted to see you in 6 months or a year for a ...
04/27/2020

When you visited your doctor last time, did the doctor tell you he or she wanted to see you in 6 months or a year for a “check-up”? Probably, and you probably understood that a check-up of your health was important. Why is it then that many people seem to not understand the importance of an estate planning check-up? More here...

When you visited your doctor last time, did the doctor tell you he or she wanted to see you in 6 months or a year for a “check-up”? Probably, and you probably understood that a check-up of your health was important. Why is it then that many people seem to not understand the importance of an esta...

Once a loved one has a diagnosis of Alzheimer’s, what can be done to provide protection to that person and the rest of t...
04/15/2020

Once a loved one has a diagnosis of Alzheimer’s, what can be done to provide protection to that person and the rest of the family?

Fortunately, Alzheimer’s disease is being diagnosed at earlier stages. With an early diagnosis, the person with the disease most often has time and capacity to make some decisions about their own care before the loss of cognitive abilities prevents them from doing so. It is critical that those diagnosed early take advantage of that time by doing some financial and legal planning. More here...

Once a loved one has a diagnosis of Alzheimer’s, what can be done to provide protection to that person and the rest of the family? Fortunately, Alzheimer’s disease is being diagnosed at earlier stages. With an early diagnosis, the person with the disease most often has time and capacity to make ...

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