Reduce Your Financial Stress this Holiday Season

Use These Tips to Mitigate Financial Stressors and Focus on the Joy of the Season Instead
By Kathy Longo, CFP®, CAP®, CDFA
Friday, 15 November 2019

Reduce Your Financial Stress this Holiday Season

The holiday season is meant to be a time of joyful celebration, but it also brings a slew of financial expectations that can feel burdensome to many. In fact, American Psychological Association (APA) research has shown that there are four main holiday stressors: difficult interactions with family, managing a multitude of expectations, gift-giving and – you guessed it – finances. If you find yourself facing one or more of these concerns, the Holiday Stress Resource Center may offer useful tips for managing all four. Here, though, we’ll dig into what you can do to lessen stress and anxiety about money this holiday season.

Succession Planning for Your Family-Owned Business

Considerations for Preparing Your Heirs to Take Over Your Business
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 30 October 2019

Succession Planning for Your Family-Owned Business

A common trait among successful business owners is to place importance on instilling their business values in their children. This is especially key when you plan for your children to play an increased role in the business as you age or after you die. In these cases, it’s important to guide your children in business starting at an early age and ensure they understand their future role. Your children are likely to have an easier transition when you eventually step down or scale back your responsibilities if they have grown up in the business.

Dividing Assets in Your Will

Writing your Will and dividing your estate among your children can be a challenge. But even if the process is challenging, it’s vital that you do it.
By Kathy Longo, CFP®, CAP®, CDFA
Monday, 16 September 2019

Dividing Assets in Your Will

Only 1 in 5 Americans over 55 have a will/trust, healthcare directive, and durable power of attorney.[i] If the reason you haven’t done it is the difficulty of divvying up the assets, then the obvious answer would be to just divide everything up equally and call it a day--plenty of people do that. But there are other ways to divide an estate that may not be identical but may be of equal value. In this article, we will look at different ways to divide your assets in an equitable way to your next generation. Hopefully, this will help make writing your will easier and leave you with the peace of mind that you have created something fair for all of your children.

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