Latest Blog Posts

Long-Term Care Planning, Part 1

Posted on: February 19th, 2014
Health care has been the topic of discussion lately, but the greatest threat to your financial health is long-term care. This is the kind of care you need if you are not able to perform normal daily activities (such as eating, dressing, bathing and toileting) without help, and it is expected that you will need this help for an extended period of time, often for the rest of your life. ...

Paying for College . . . and accomplishing estate planning too

Posted on: February 19th, 2014
One tool that can accomplish both is a college savings plan commonly known as a 529 plan (named after the Internal Revenue Code section that creates them). Contributions to 529 plans are generally not subject to gift, estate or GST tax, gains are not subject to income tax if used for qualified higher education expenses (QHEEs), and these assets are not owned by the student for financial aid purposes, making them an excellent tool for saving for college....

Who Should Be Your Successor Trustee?

Posted on: February 19th, 2014
If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually someone will need to step in for you when you are no longer able to act due to incapacity or after your death. The Successor Trustee plays an important role in the effective execution of your estate plan...

Should You Disinherit a Child?

Posted on: February 19th, 2014
Most parents choose to leave their estates equally to their children. But sometimes, parents intentionally choose to not leave anything to a child. There may be what the parents consider to be a legitimate reason: one child has been more financially successful than the others; not wanting a special needs child to lose government benefits; or not wanting to leave an inheritance to an irresponsible or drug-dependent child. Sometimes a parent wants to disinherit a child who is estranged from the family, or to use disinheritance as a way to get even and have the last word....

The Value of Having a “Plan” in Estate Planning

Posted on: February 19th, 2014
All too often, estate planning is viewed as a transaction: a will, a living trust, powers of attorney, etc. But the best planning happens when the professional can get to know the client on a deeper level, to uncover hopes, dreams and aspirations. It becomes more about family and values, and it becomes a process instead of a transaction....

Recovering Emotionally from Past Financial Errors

Posted on: January 13th, 2014
Most of us will admit to having made some financial mistakes we regret—running up credit card debt, impulse buying, or making a bad investment or business decision. While there can be significant devastation, the key is to move beyond regret into productive action. What, then, are some strategies that can restore a person’s self-confidence and avoid financial failures in the future?...
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"Linda Cox is highly experienced and skilled in the area of estate planning, business planning, and estate administration/litigation. As a fellow attorney, I am fortunate to get to work with Linda on many cases. I am always impressed by the skill with which she represents her clients. I never hesitate in referring my client's to her firm for their estate planning needs."

Glen E. Frost, Esq., December 2014

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