Aretha Franklin, The Queen of Soul, died on August 16th at the age of 76 – she did not leave a will detailing her wishes for her assets. What happens next to Ms. Franklin’s estate and what can WE learn from it? Certified Financial Planner Paul Fain joins us again to look at your Sunday
Featured in the Knoxville News Sentinel: July 17, 2018 Do you need to have “The Talk” in your family? No, not the birds-and-the-bees talk, I’m referring to the talk with an aging parent about their finances. According to one survey, 54 percent of baby boomer respondents said they would rather talk to their children about sex
WBIR: Has someone in the family gotten on your bad side!? Well…you could always disinherit them! Understandably, disinheriting an individual from your will can be a difficult decision. Should you? Could you? Certified Financial Planner Paul Fain joins us now to discuss this delicate topic and your estate plan. HOW CAN A FAMILY MEMBER
On a typical Easter weekend, we travel to the Tri-Cities to visit relatives. One particularly sweet soul that we enjoy seeing is Aunt Naomi. She is almost 90 years old and living independently. “All I do is pay bills and check stuff,” she said last weekend: Is the door locked? Did I leave the water
The third week in October has been designated as National Estate Planning Awareness Week. Estate planning is a vital component of every financial plan, regardless of the size of the estate. Unfortunately, it’s also an area that is commonly overlooked. This often results in wasted dollars and emotional hardship that could otherwise be minimized with
A few weeks ago, we took a family vacation to Panama City Beach, Fla. The ocean was wondrous. Like many wide-eyed tourists, we picked up real estate magazines and day-dreamed about owning a second home near the beach. In spectacular East Tennessee, it is not uncommon to know a family who has a cabin in
WBIR: Paul Fain with Asset Planning Corporation explains what could happen with Prince’s estate and how you can plan for your future.
“The only thing constant is change,” said the philosopher Heraclitus. Over the past year, I’ve learned his wisdom in spades. On a daily basis, just when I conclude that I’ve got things figured out or settled with regard to people or situations, I’m quickly humbled to learn that I know nothing. This awareness has vast