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Your legacy can be joyful, tragic, or somewhere in between – but you get to choose which.

A Family Limited Partnership (FLP) is a limited partnership that families use to manage family enterprises and other family investments. The FLP has two classes of partners—general and limited. The general partners retain managerial and financial control over the partnership. Typically, once the senior family member(s) transfer the family assets into the Family Limited Partnership, they keep the general partnership i

Build Your Living Legacy While You Educate The Next Generation Early in your children’s lives, you can share your values, family history, and insights through light-hearted conversation and stories centered on the beliefs and decisions that shaped your successes, failures, and your vision for the future.

There isn’t much grandparents won’t do for their grandchildren.  As financial advisors we are often asked, “How can I help my grandchildren after I’m gone? Can I build a legacy for them that will remind them of me and provide them additional security?”

Today’s culture tells us we need a lot of money to live a happy and successful life. Sure, having enough money to meet our basic needs increases happiness, but more money won’t turn an unhappy life into a happy one. Consider that the United States is nearly three times as rich today as it was in 1970, but according to most surveys, Americans were just as happy then as they are now.

Darren Hardy, in his book The Compound Effect, discusses the power of your “why.” If you were offered twenty dollars, he asks, to walk a thirty-foot plank that was lying on the ground, you would certainly accept such an easy challenge. But what if the plank were between the tops of two tall buildings?  Would twenty dollars be enough to take such a risk?  Then imagine that you needed to cross that plank because the ot

Perhaps you have heard the story of Alfred Nobel, the Swedish chemist who invented dynamite. He was shocked to discover his own obituary published one morning in a French newspaper.  He was very much alive – it was his brother, Ludwig, who had died, but the newspaper confused the two and, in doing so, described the inventor as a “merchant of death.”

It was the flutter of a wing felt around the world. In 1963, Edward Lorenz presented his hypothesis about the “butterfly effect” to the New York Academy of Science.  A butterfly could flap its wings on one side of the world and set molecules of air in motion,which could then move other molecules of air.  The cumulative effect had the potential to create a hurricane on the other side of the world.

Oseola McCarty was a washerwoman with a heart. She grew up in southern Mississippi and never finished school – in sixth grade, she quit so she could take care of an ailing aunt. Her home in Hattiesburg was humble, and she made a meager living. She never married or had children, and she walked wherever she needed to go, often pushing a cart a mile to get groceries. But before she passed away in 1999 at the age of 91,