Haimo Law's 7 Tips to Strategically Plan With Purpose
-
Disability Insurance
Disability insurance is not just for professionals, but for anyone who is concerned about being able to provide for their family. Life is a roller coaster and you never know what to expect. If you want to leave money and property to your family so they can have a family, make sure that you've maximized your ability to do so. It's not terribly expensive. We offer a holistic approach to estate, business and financial planning. We serve you better by working closely with financial planners. -
Life Insurance
Not everyone needs life insurance. Ironically, it's the wealthiest individuals that can afford to self-insure; provided they understand how to invest properly. For 99% of the remaining people, life insurance if structured correctly can be an extremely affordable way to ensure that your family will be provided for after you pass on. There are many types of policies ranging from term to whole life, the latter with and without investment components and wide ranging in prices. Consult with a financial professional who wants to understand your goals and dreams so he/she can structure the most appropriate policy for you. We believe it's important that our financial professionals communicate with one another, which is exactly why we work closely with financial planners to ensure your needs are best represented. -
It's Never Too Early to Plan
When you never know what life will bring, it's important to have a plan in place. That way you can update it as often as is necessary, which we advise is as often as you or your family experiences major life changes. These changes may include births, deaths, marriages, divorces, tax law changes, other relevant law changes or even changing your mind. We maintain relationships with our clients so we know when those changes occur and when they need to come in for a review. It is also prudent to engage in asset protection planning prior to a lawsuit. While it's not for everyone, utilizing available techniques to protecting assets should be a priority for everyone. -
Retain Trusted Advisers and Listen to Them
It's very helpful to hear an objective viewpoint when considering making a decision that will impact your family. We have an overview of finance, accounting, tax, business and law. If there's an area in which we are unfamiliar, we work closely with others who know the answer. In either case, we can help you think through decisions, act as a sounding board or serve in any other advisory role that best helps you and your family. That's our priority. -
Be Careful
Some financial planners are eager to put you in a policy and sell you a vehicle and never look back as they regularly collect their percentage of premiums. Other financial planners care about you and your family and are attentive and available. We work closely with these types of planners to insure that your needs are assessed and addressed over time. The lesson here is to ensure that you choose the right advisers, but also to make sure you don't lock up money you otherwise need to eat or provide shelter for your family. Think long-term big picture. -
Update Before It's Too Late
It's great if you have a plan in place, but it's ideal to ensure the plan reflects both your current wishes and takes into account your current circumstances. Most law firms will charge you for each change, and that gets expensive. We offer guarantee plans that will enable you to better adjust your plans as life changes, the laws change or you simply change your mind. Regular reviews are necessary and inexpensive with Haimo Law. -
No Quick Fix and No Easy Solution
Often shortcuts take you longer than the normal path. Do it yourself (DIY) products are terrible resources because you are putting your eggs in one basket. In this case, the basket is an algorithm that is being relied upon to accurately reflect your wishes dealing with the most intimate and important matters in your life -- your family. It's not true with certain things in life but in this case, you need a human being; a professional to ensure your needs are met. You can't change it after you pass away. Make sure it's right. At Haimo Law, we educate our clients, and craft and draft appropriate estate and business planning documents. We offer affordable plans and we are flexible. Protecting your family is our priority.
Additional resources provided by the author
We are diligent and dependable, compassionate and personable and innovative and professional. Offering Strategic Planning With Purpose, Haimo Law (HaimoLaw.com) helps you protect your family and your business's interests for the immediate and long-term future. Together, we can take advantage of incredible tools and techniques that are available to you right now. Call us for wills, trusts, probate, asset protection and business planning. Haimo Law offers premium legal representation at an affordable price. We are reliable, approachable, honest and attentive. Helping your family and business is our priority.
For Wills, Trusts, Probate, Business Planning and Asset Protection, call Haimo Law at (954) 599-7483 or email [email protected] These videos neither constitute legal advice nor create an attorney-client relationship between you and Haimo Law. For more information, click here: http://haimolaw.com/legal-disclaimer; http://thelaw.tv/broward/About/disclaimer.
