Choosing the right person to manage your affairs when you die or if you become incapacitated isn’t easy. It can be even more challenging if you aren’t married and don’t have appropriate family members available to step in. Your parents, children or siblings may either not be available, or not the right fit. Or maybe…
When you visit your financial advisor, you trust their competency and ability to maintain and grow your hard-earned money. You rely on these investments to provide for your retirement, and every dollar counts when planning to live on a fixed income. But what if your financial advisor does not disclose that they collect a higher fee based on an annuity account you may not benefit most from? How do you know if annuities are a right fit for your portfolio? Here are the dirty secrets about annuities.
3 Things You Should Know About Being A Trustee If you’ve been designated as the Trustee in an estate plan, you might be wondering what comes next. And if you’re not, you should be. Because being a Trustee is serious business. In very basic terms, you have been appointed to administer a trust…
Join us for Our Estate Planning Pitfalls To Avoid webinar on Thursday, July 2 at 2pm! We’ll be addressing two common estate planning pitfalls we see way too often: family member fiduciaries and springing powers of attorney. You’ll learn (at least) three reasons why having a family member act as trustee might not be a good idea and the problems with springing powers of attorney. You will leave with actionable knowledge on how to protect your wishes and family from unnecessary challenges. Hope to see you there! ~ Lindsay and Barbara
Lindsay Leonard, a California licensed private professional fiduciary, has continuously offered her services to the public for the last 10 years. In that time, she encountered many situations where families struggled with their own internal dynamics during periods of rapid, cumulative changes. Those shifting components led her clients to seek outside assistance, which eventually brought them to…
Check out our Feature in this week’s edition of the Montecito Journal!
February 13 – 20, Vol 26 Issue 7 [Village Beat]
“UCSB grad Lindsay Leonard thanks grandmother for 11 years of success at helm of Santa Barbara Fiduciary, p. 32”
How a Private Professional Fiduciary Can Help Today Perhaps you’re astute enough to recognize the term “Private Professional Fiduciary” and already know that this is a wise alternative solution to naming family members as successor trustees in estate planning for a variety of smart reasons. Because those we love are often busy with their own…
