For those of us who’ve lived a while, we remember the “little black book”—the place you kept important contact information before the technology revolution. If you’re caring for elderly parents or you think that’s a possibility, encourage mom and dad to keep a little black book, not for dating...
Alhambra’s Bob Williams dispels 4 common myths that can have a negative impact on estate planning.
Let me ask you a question. When your time on earth is over, who do you want to benefit from your estate? Who do you want to get the results of all your years of hard work, saving, and planning? Most people would probably choose family, and rightly so....
The Health Savings Account has been a wonderful addition to the financial landscape of people who are eligible for one.  They’re often thought of as a way to pay for qualified medical expenses with pre-tax money during your working years for things like deductibles, copays, and non-covered items—in other...
It’s been pounded into us that having a successful retirement requires advance planning—financial planning, Social Security planning, retirement income planning, and estate planning. And now, there’s another component to be considered—planning what happens in the event you have a decline in mental capacity. The Administration for Community Living estimates there...
Alhambra's Bob Williams explains why an Intentionally Defective Trust is a win-win for your estate and your beneficiaries.
My, how things have changed. When I was growing up, if you found out someone had a trust, well, that person must be rich—they must be a millionaire (that’s back when a million dollars was really worth something). Today, though, trusts of all kinds are a common planning tool...
- A well-thought-out process for distributing your estate to people and institutions you wish to benefit.   When thinking about estate planning, your approach may be that of many Americans—distribute the estate to your kids as soon as possible after your death. That’s a workable plan for many. But it...
PROBATE—a word that strikes terror in the hearts of people planning the distribution of their estates. They worry that the probate process can drag on for months or years, that probate costs will eat up a chunk of what they want to leave their heirs, or that people will...