Byron Moore, CFP® and Mike Jones

Estate planning

Preparing the path for your own long-term care

By Byron Moore, posted December 4, 2017
Originally published in the News Star and the Shreveport Times on Sunday, December 3, 2017.
 

Outliving heirs_sw.jpgQuestion: My mom just passed. Her final years were so hard. Even though she was getting sicker and sicker, she fought us every step along the way as we had to make difficult decisions about her care. I don’t want to make things that hard for my kids. What can I do now to prevent that?

Answer: It sounds like you’re off to a good start by simply acknowledging the difficulty of the situation and seeking to deal with it before it reaches crisis time.

Regardless of tax news, don't put off estate planning

By Byron Moore, posted October 23, 2017
Originally published in the News Star and the Shreveport Times on Sunday, October 22, 2017.
 
 

Ben Franklin_sm.jpgQuestion: What do you think they will do with the estate tax law? I have put off estate planning since I keep hearing about changing they are considering, including elimination of it.

Answer: The current estate tax law is in a fog with visibility limited to about two to three years out. In fact, that’s the way its been for most of my career. I’m not looking for that to change any time soon.

Estate procrastination

By Byron Moore, posted July 10, 2017
Originally published in the News Star and the Shreveport Times on Sunday, July 9, 2017.
 

Inheritors fighting_sm.jpgQ: I own land that I used to farm, as well as a business that I’m in with a couple of my children. Since my wife died, our family has been kind of fractured. Long story. I’m worried that when I make out a will, I’m going to make somebody mad and I don’t want to make anyone madder than they already are. What do you suggest?

A: I recently played my first round of golf. Ever.

I texted a friend whom I knew would be interested (actually, I figured he’d double over in laughter). He texted me back this sage advice, “Don’t despair if you are playing horribly. It’s always possible to play worse.”

Podcast - Family friendly inheritance (2:40)

By Byron Moore, posted September 1, 2016

The following segment first aired on KEDM 90.3.

Control from the grave is nearly impossible to achieve (and rarely appreciated by the heirs). But influence and a legacy of family values is not only possible with careful and creative planning, but may be the most long-lasting gift you could leave behind.
Click the picture above to play/pause audio.

Estate planning for not-ready-for-prime-time heirs

By Byron Moore, posted August 1, 2016
Originally published in the News Star and the Shreveport Times on Sunday, July 31, 2016.
 

irresponsible heir_sm.jpgQuestion: We know we need to do some estate planning but we have several children and not all of them are equally fit to handle a significant inheritance. But we don’t want to disinherit them. Is a trust the answer?

Answer: Having your attorney draft a legal trust may be a part of the answer. But may I suggest an attempt at re-building relational trust before you die?

Good intentions alone may result in bad relations later

By Byron Moore, posted November 2, 2015
Originally published in the News Star on Sunday, November 1, 2015.
 

QUESTION: My first wife died many years ago. I am now married to a wonderful woman. We each have children, but none together. All are grown, some doing better than others. I just want to leave everything to my wife (or she to me) and we’ll split it equally with our children once we are both gone. What’s the simplest way to do that?

ANSWER: I appreciate your good intentions. But they are unlikely to produce good results.

Podcast - What is an estate plan?

By Byron Moore, posted July 9, 2015

The following segment first aired on KEDM 90.3 on March 4, 2015

Even if you’re not sure what an estate plan is, I’ve got news for you: You’ve got one.

Click the picture above to play/pause audio.

Podcast - Righting wrongs in your will

By Byron Moore, posted February 20th, 2015

The following segment first aired on KEDM 90.3 on December 17, 2014

Justice done through a will too often comes across as vengeance.  A loving conversation held before that will be very meaningful to you and immeasurably healing to your family after you’re gone.
Click the picture above to play/pause audio.

Successful succession

By Byron Moore, posted December 22nd, 2014

The following column was published in The News Star on Sunday, December 21, 2014.

Question: What exactly is a succession? I’ve heard the term but I don’t really know what it is. I know it has to do with what happens when someone dies. Is it required? If a spouse dies, how long do you have to file one?

Answer: One of the big rules in life and law is that you can’t take it with you. The dearly departed may go to their reward, but all that stuff they amassed while they were here – they leave that all behind. And someone has to own it.

Podcast - Avoid Inheritance Squabbles

By Byron Moore, posted November 4th, 2014

The following segment first aired on KEDM 90.3 on September 3rd, 2014

Face it, you couldn’t control the behavior of your children when they were little – what makes you think you can control them after you are gone? But you can do the best you can to influence what happens upon your departure.Avoid inheritance squabbles.jpg

     
 

Have you met our team?

We have a wealth of experience
in the financial services industry.

Meet the team

Syndicate content

Please review Important Disclosure Information set forth in the last section of this web site.

Website Design For Financial Services Professionals | Copyright 2017 AdvisorWebsites.com. All rights reserved