Blum's Blog
Tips for “Use It or Lose It” Planning and Other Gifts
Last week’s Family Legacy Planning email created quite a stir by promoting a “Now & Later” approach to inheritance—give some now while you’re alive and the rest later at your death.
Inheritance: Give Some Now and Some Later, or Do It All at Death?
As discussed in the last two Family Legacy Planning emails, families struggle with balancing the amount to leave their kids versus the amount to leave to charity. As you settle
Leaving Assets to Kids: How Much Is Too Much?
Last week’s Family Legacy Planning email created quite a stir when it raised the question of how much to leave to your kids versus charity. People struggle with finding the
How Much Should I Leave to My Children?
Last week’s Family Legacy Planning email shined a light on philanthropy as glue that can hold a family together, second only to endowed family travel and retreats. When including philanthropy
The “Glue” That Keeps a Family Together
In recent Family Legacy Planning posts, we referred to Mitzi Perdue, a member of both the Sheraton Hotels and Perdue Farms families, author of How to Make Your Family Business
WE INTERRUPT THIS PROGRAM: Important Newsflash
We interrupt our regularly scheduled program on Family Legacy Planning to alert you to pending tax law developments. The US House of Representatives has revealed a series of tax increases
Tradition, Tradition! Your Family Traditions Matter More Than You May Realize
We are now in the Jewish High Holy Days, which always puts me in a reflective mood. Last week we observed Rosh Hashonah, the Jewish New Year, and we turn
Texas Now Allows 300 Year Trusts
In last week’s Family Legacy Planning email, we shined a spotlight on the concept of stewardship and Hobby Lobby founder’s legacy plan: “No one owns the tree.” Each generation is
Creating a Strong Family Culture: “No One Owns the Tree”
In The Blum Firm’s Family Legacy Planning series, last week’s focus was on endowed family travel, a surprising key tip from Mitzi Perdue on how to sustain a family business.
What Keeps This Family Connected? The Answer May Surprise You.
I attended a presentation on Business Succession Planning entitled “Making Your Family Business Endure Across the Generations.” The speaker was Mitzi Perdue, author of a recent book on this topic. Mitzi lives
Even Young Adults Need Estate Planning
Even young adults need estate planning, to which you might reply, “Duh! Of course they do. We already know that.” However, most young adults have not signed estate planning documents, thinking
Estate Planning Lessons from COVID-19
As COVID-19 continues to dominate much of our psyche, let’s reflect on some powerful ways the pandemic has impacted estate planning. In particular, let’s ponder the impact COVID-19 is having on