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wills: It's Time for You to Offfer Your Clients an Important Reminder -- Your Public Service to Them - 10/08/10 07:48 AM
About this time every year, I send a reminder to clients of the present and the past and to my personal friends as well, that they need to make certain that the documents that will govern the disposition of their estates are still in proper order and current with their wishes.
I suggest that you consider adopting this public service to be one that you do as well.
One of those reviews that is often overlooked, for an example, is who a client has listed on each of his life insurance policies, retirement plan trusts, Social Security account, and the like, … (5 comments)
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wills: YOUR LIFE INSURANCE BENEFITS: GOING TO THE WRONG PERSON? - 12/18/09 05:42 AM
There is a universal rule of law in the United States that many people either don't know or they fail to take it into consideration. Here it is paraphrased:
When you designate beneficiaries on financial contracts, those elections take precedence over how you've directed your executor or trustee to distribute your assets after you have died.
Often times, for an example, people have named a spouse as the beneficiary of a life insurance policy, their Social Security benefits, bank accounts, or their retirement account. Later they divorce. Perhaps they even remarry.
But they never change the beneficiary designation from their ex-spouse … (3 comments)
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wills: IT'S EASY TO HAVE YOUR ESTATE PILFERED BY YOUR RELATIVES--THE ONES YOU THOUGHT TRUSTWORTHY - 11/20/08 04:05 PM
My nephew emailed the other day to tell me about an acquaintance who has not only learned that her sister has pilfered their mother's estate, but that the chances are she won't be able to afford the legal costs to get the probate court to do anything about it.
Think about that. Here's a mother who retained an attorney to help her give specific directions to her survivors as to how she wanted her estate handled. One of the beneficiaries chose not to honor those directions, and the legal fees to force her to do it are beyond the reach of … (40 comments)
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wills: SUNDAY IN THE PARK WITH DALLAS REALTOR BILL CHERRY, 17th Edition - 02/09/08 11:06 PM
Thanks for stopping by for our weekly Sunday after church meeting here in the park. It's so nice to see you.
I was just thinking about why Sunday trips to the park are so important to me. They remind me of when I was a little boy during the War years.
After Sunday school, during the spring, my daddy would bring me here so I could swing, ride the merry-go-around, and go down the slide a zillion times.
And then we'd go to the ice cream factory just about three blocks away, and get a freshly made ice cream sandwich. We'd sit on … (11 comments)
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wills: PROMISE ME THAT YOU ARE GOING TO CHECK THIS OUT RIGHT NOW - 08/28/07 10:07 PM
More than fifty percent of married Americans have been married at least once before. Some were married for a short time to their first spouse, others for many years.
A problem of epidemic proportion grows exponentially among many of those families with each passing day. Here it is in bold face:
THE BENEFICIARY DESIGNATION ON THEIR LIFE INSURANCE POLICIES, RETIREMENT PLANS, 401-k's, TRUST ACCOUNTS AND THE LIKE, STILL HAVE THEIR FORMER SPOUSE LISTED RATHER THAN THEIR NEW ONE.
Beneficiary designations are private, immediate and are irrevocable by anyone other than the designator. Consequently, if a person has not changed the beneficiary designation from his … (16 comments)
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BILL CHERRY
Dallas,
TX
More about me…
BILL CHERRY, Real Estate Broker
Address: Dallas, Tx
Office Phone: (214) 503-8563
Email Me
This is a place where the ins and outs of real estate and home ownership are discussed.
All in the light of my 46 Years as a licensed Texas Real Estate Broker.
I've represented several thousand clients. That experience can be yours, too, and it doesn't cost a dime more.
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