Yearly Archives: 2013

Ms. Fletcher is the Founder and Principal Attorney at Fletcher Law in San Diego. She serves clients throughout California in the area of Estate Planning. I recently had Kylie answer some frequently asked questions. Linda Rogers: What is the biggest mistake that families with young children make with regards to their Estate Planning? Kylie Fletcher: Often, young parents avoid estate planning because they believe that they are young and healthy and need not be concerned yet. Sometimes, they feel theyRead More

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Holiday spending tends to be a budget buster. It is just like our tendency to overdo the dessert table, knowing we have the New Year around the corner to start over with a “blank slate”! Here are some tips to keep costs in check. Set a holiday budget for the year – This should include gifts, decorations, and extra babysitting time for the holiday parties. You do not want to rack up credit card debt. The goal is to spendRead More

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With this next post, I wanted to share an issue I have seen a couple times within the last few months. Parents have called asking how to postpone their child from receiving a UTMA account at age 18. The answer is, you cannot postpone the inevitable. Minor children cannot legally hold mutual funds, stocks, bonds and life insurance policies. If parents want to transfer these to their children, they have the option to set up a UTMA (or UGMA) accountRead More

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I came across something interesting while reading Thinking Fast & Slow by Daniel Kahneman. He talks about an experiment conducted among 4-year-old children. They were given one Oreo. They could eat the Oreo now, or wait 15 minutes before eating it, and they would get a second Oreo. While waiting, they had to remain alone in a room without any distractions (books, puzzles, video games, etc.) About half of the children managed to wait. These “resisters”, 10-15 years later, wereRead More

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Quite a few friends and clients have recently shared that they are contemplating a major career change.  They have a passion for something other than what they are currently doing 40 hours a week.  Before making the plunge, consider the following: 1.   Be honest with yourself about why you are contemplating the change.  Did you recently get overlooked for a promotion?  Is there a new co-worker or manager that you don’t get along with?  Have you been overworked? If theRead More

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It can be very easy to get overwhelmed with a new baby coming.  Everyone is excited to offer advice on what you “need” to have.  And after one trip to Babies “R” Us, you realize that baby supplies (while small and cute) aren’t cheap.  Here are some tips to keep the first year costs from ruining your budget. Register for gifts before the baby. I was hesitant to do this for our wedding, as well as for our baby.  IRead More

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