Tag Archives: estate planning

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How to Use Life Insurance To Protect Your Wealth

Find the right policy to ensure security at any age

Being financially prepared for a breadwinner’s death saves families from the added grief of losing…

By Cliff Hocker

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Black woman exhausted and stressed at desk

5 Steps to Growing Your Business After the Death of a Partner

Paula Penn-Nabrit of PN&A Inc. details coping with loss and continuing a legacy

Entrepreneur Paula Penn-Nabrit has continued to grow the business after the death of her partner.…

By Patricia Patton

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September is Life Insurance Awareness Month

An overview of life insurance buying habits

Many people put off buying life insurance until a major life event occurs. That’s not…

By Sheiresa Ngo

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Michael Jackson’s Estate Being Sued for Footage of his Last Interview

Company claims they legally obtained rights to footage

The estate of Michael Jackson is being sued for the rights to a 2007 video…

By Cedric 'BIG CED' Thornton

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Managing Finances after Divorce: Should You Keep the House?

Keeping your home might not always be the best choice

Carefully managing your money can be a balancing act. This is especially …

By Sheiresa Ngo

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Rebuilding Finances after Divorce

Cutting ties after age 50 could have a significant impact on finances

Carefully managing your money can be a balancing act. This is especially true…

By Sheiresa Ngo

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TIAA-CREF Financial Planner Talks Managing Finances after Divorce

Make sure you have a solid plan in place

Carefully managing your money can be a balancing act. This is especially true for…

By Sheiresa Ngo

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estate planning

4 Estate Planning Tips

Plan ahead for your future

While death and dying are not pleasant topics, it’s important to make sure you plan…

By Sheiresa Ngo

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estate planning

Personal Finance Word of the Day: Uniform Transfer to Minors Act

Your daily money bite

Word of the day: Uniform Transfer to Minors Act
If you are a parent or grandparent,…

By Sheiresa Ngo

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Black Enterprise Financial All-Star: Michelle Oliver

Advice from Black Enterprise's top experts

Life insurance purchases are important

By Sheiresa Ngo

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Black Enterprise Financial All-Star: Lori Ann Douglass Talks End of Life Planning

Advice from Black Enterprise's top experts

Do your disability and estate planning now

By Sheiresa Ngo

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estate planning

Estate Planning With Your Children in Mind

Leaving money to pay for burial costs as well as to heirs is just part of the estate planning process.

Life insurance payouts can be used to pay off debts and loans, making it possible…

By LaToya M. Smith

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Living in a committed relationship without the benefit of marriage creates unique challenges for financial planning.

Financial Advice for The Committed, But Unmarried

In a long-term relationship, but not ready to put a ring on it? Here are steps to honor your partnership while protecting your finances.

People not married but in long-term committed relationships have many of the same financial concerns…

By Alfred Edmond, Jr.

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Joe A. Gilbert (Photo courtesy of Integrity Asset Managerment)

Protecting Your Assets

Jefrey Jones’ 80-year-old widowed, childless aunt suffers with dementia. As the primary steward for her…

By Emerald S. Morrow

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Chantay Bridges (Photo by Kevin Foley)

The Team You Need for Your Year-End Financial Checkup

At a time when it’s about the parties and festivities, it can be hard to…

By BLACK ENTERPRISE

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New Data Shows Black-White Life Expectancy Gap Is Widening

Experts attribute gap to recession-related stress

The Atlanta Post reports widening of life expectancy gap between whites and African Americans.

By BlackEnterprise.com

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End of the World Checklist: Do You Have Your Financial House in Order?

What will your financial legacy say about you when your world ends?

BlackEnterprise.com’s checklist to prepare to leave behind your financial legacy via estate planning and living…

By Janell Hazelwood

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5 Tips on How to Handle Sudden Wealth

Whether you just signed a multi-million dollar contract or inherited property from a wealthy relative, here are some tips to help you keep—and grow—your wealth responsibly

Whether you’ve just signed a multi-million dollar contract, won the lottery, or inherited property from…

By Robert J. Gordon

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Photo: Rayon Richards

Why You Need a Living Will

This often-ignored estate planning component offers greater control over your future--and makes a difficult time easier on your loved ones

Studies suggest African Americans are largely unaware of living wills and their value. According to…

By Bridget McCrea

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In the News: Clinton to Meet Libyan Rebel Leaders; AOL Layoffs; Feud Over Etta James’ Estate

A few noteworthy headlines around the Web

A few noteworthy headlines around the Web

By Janel Martinez

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WATCH: How Estate Planning Protects Your Family

The key components you need to put in place

As tough as it is to hear, the reality is that none of us are…

By Elayne Fluker

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Year-End Financial Checkup

Use this guide to help you evaluate your financial health

Here are some guidelines to help you conduct your own financial checkup.

By Sheryl Nance-Nash

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The Single Life: Getting Your Finances in Order After Divorce

Solutions for managing business, finance, and professional issues

Tisdale offers advice for the newly single.
Divorce can be a drain on not only your…

By Janell Hazelwood

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The Single Life: Why You Need An Estate Plan

Solutions for managing business, finance, and professional issues

Estate plans are important for single people, too. Here are the basics of setting up…

By Janell Hazelwood

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Plan Well, Retire Rich

How Tony Gittens and Jennifer Lawson invested for a long, healthy retirement

If You were to accuse Tony Gittens and his wife, Jennifer Lawson, of being obsessive…

By Glenn Townes

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How to Calculate Your Life Insurance Needs

Use this handy guide to determine how much coverage is right for you

If anything were to happen to you, what would your family need financially to continue…

By Marcia Wade Talbert

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It’s been one year since the world was rocked by news that the King of Pop, Michael Jackson, had passed away. In that time, much of the reporting about his finances focused on what the pop icon did wrong. For instance, only $70 million of his reported $500 million indebtedness has been paid off, AP reports. However, there are many financial moves Michael Jackson got right. The documentary, Michael Jackson's This is It based on his final concert rehearsal footage, has sold more than 5 million DVDs worldwide and Sony Music, Jackson’s record company grossed $252 million. In fact, his estate has earned more than $250 million alone in the year since he died thanks to attorney John Branca and music executive John McClain, who are building several new streams of income, including sales of a video game and through many licensing agreements. Although Jackson's executors manage millions of dollars, his estate planning requirements aren’t too different from what the average Joe or Jane should be doing. You may not have Jackson’s millions, but estate planning attorney Wynne Whitman, a partner with Schenck, Price, Smith & King L.L.P., and the author of Smart Women Protect their Assets (FT Press; $13.99), recommends four things you can do that Jackson did to ensure that his children and his legacy would be financially secure. (Source: MichaelJackson.com/us).

4 Steps the King of Pop Took to Secure His Financial Legacy

Prior to his death, Michael Jackson made sure his money and his children would be in the right hands

Michael Jackson made a lot of money during his lifetime, but he also accumulated a…

By Marcia Wade Talbert

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Rewriting the Financial Playbook

Pro athlete turned corporate executive Malcolm Johnson is on his game in helping his family prosper

Malcolm Johnson has had a good handle on his money since retiring seven years ago…

By Carolyn M. Brown

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To Save and Protect

Answers to the 10 most commonly asked questions about taxes and estate planning

Tax planning and estate planning are important—especially for women. Since 80% of married women will…

By BLACK ENTERPRISE Editors

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The Homebuyer’s Toolkit: Building Financial Security

Owning a home should be part of a larger commitment to gaining financial security

Over the Thanksgiving break I became addicted to a show called Till Debt Do U$…

By LaToya M. Smith

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Are You Properly Insured?

Five steps to determine the right amount of life insurance coverage

Pushing a pencil to add up just how much life insurance you need isn’t easy.…

By James A. Anderson

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Are You Properly Insured?

Five steps to determine the right amount of coverage

Pushing a pencil to add up just how much life insurance you need isn’t easy.…

By James A. Anderson

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Planning for the End

Four steps to take toward preparing a will

In the wake of the sudden death of Michael Jackson, his fans are likely questioning…

By Marcia Wade Talbert

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9. I Will Guarantee My Wealth is Passed On To Future Generations Through Proper Insurance and Estate Planning

Let’s face it: Nobody lives forever. No matter how much you want to deny it,…

By Carolyn M. Brown

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Can Blacks Build Wealth and Remain Charitable?

Study shows that affluent blacks make giving a priority

The Northern Trust Corp. questioned affluent blacks about their giving habits and published their findings…

By Marcia Wade Talbert

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Not Just for Rockefellers

Six trusts to consider for your estate plan

You don’t have to be super rich, or even just rich, to set up a…

By Donald Jay Korn

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