Byron Moore, CFP® and Mike Jones

Estate planning

Plan Like You Are Dying

By Byron Moore, posted August 27, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, August 26, 2018.

In my line of work, I talk to a lot of dying people.grave person mourning_small.jpg

I guess we’re all dying. Some of us are just more aware of it.

I talk to women whose doctors found a lump, and they now know every square inch of M.D. Anderson Cancer Center. I talk to men who had heart attacks way too early in life. I see the look in a couple’s eyes when they know one of them soon won’t be there.

I talk to lots of widows. A few widowers, but lots more widows. Those statistics are true. Most of the widows are older – beyond retirement age. Some are 50-ish. A few are young. Very young.

None of it seems fair. It makes you sad, angry, confused.

But it’s life, isn’t it?

When I’m having conversations with people about financial matters, they usually want to talk about “life” matters – getting out of debt, investing, saving for retirement, turning assets into income for retirement. All important stuff.

What Were You Thinking?

By Byron Moore, posted June 25, 2018
Originally published in the News Star and the Shreveport Times on Sunday, June 24, 2018.


She had promised herself she wouldn’t cry in my office.Will and Testament_small.jpg

“What was he thinking?” she asked, taking a deep breath and pausing to hold back the tears.

It wasn’t supposed to end this way. Her husband had started his business from scratch, striking out on his own when he was just 32. They worked as a team to raise a family and start a business. It was so tight in those early years, but all she could remember were the good times.

Within ten years he was hiring more staff and opening a second location to serve the needs to a growing clientele. He was a supplier to a specialty niche in his industry and he became known for his responsiveness and customer service.

For years the business had been successful, as far as she knew. There was always enough money and even though his travel schedule was at times demanding, he seemed to strike a balance between hard work and time with her.

Podcast - Will power – plan your estate wisely (3:45)

By Byron Moore, posted January 11, 2018

The following segment first aired on KEDM 90.3.

Considerations when planning your estate and will...

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Podcast - Should you serve as an individual trustee? (3:44)

By Byron Moore, posted January 4, 2018

The following segment first aired on KEDM 90.3.

Before you say “yes!” to that family member or friend who has asked you to serve as trustee for their trust, you may want to consider these points...

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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.

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