In this blog, I continue with three more pledges in my Code of Whole-Person Professionalism and the associated “annotations,” i.e., supporting or illustrative quotes. To consider “the big picture” in my advices to clients, taking into account common sense,...
In this second blog on my Code of Whole-Person Professionalism, I begin to consider each pledge in the Code, and the associated annotations, i.e., supporting or illustrative quotes. In this blog, I’ll examine the preamble to the Code and the first pledge. Fully...
My oldest son, Paul III, recently graduated from Loyola (New Orleans) Law School. For a whole host of reasons, which are my fault, we don’t have much of a relationship at present, although I remain hopeful to establishing a good relationship with Paul III, who, to his...
I'm pleased to announce that my latest book my ninth book, is out. Yours, Mine & Ours: Estate Planning for People in Blended or Stepfamilies (Paul Hood Services 2022) is the second book in my Planning Your Future series. As of now, I envision the series to grow to...
I noted the death of legendary former Florida State head football coach Bobby Bowden over the weekend at 91. I had an interaction with Bobby Bowden when I was LSU Homecoming Chairman back in 1981 that was funny but that eventually turned out to be even funnier some 16 years later during a chance meeting.
I wouldn’t be too quick to dismiss the possibility of legislation affecting DAFs. In my opinion, significant reform is necessary and would be beneficial. For starters, I believe that the law should clearly favor local community foundations over the big box DAF sponsors like Fidelity Charitable for several reasons.
you’ll become a much better estate planner, your clients will get significantly better estate plans, fewer clients will resist signing the documents you suggest that they sign, and you’ll be a much more trusted and valued advisor.
Greetings! Welcome to my website, which is devoted to sharing information and resources about the benefits of purposeful estate planning. My passion is helping people determine the best estate plan that suits their needs and building that plan with a solid legal...
In this blog, after first defining what a defined value clause is and how it is intended to work, I will explore the possible impact of retroactive law changes on a defined value transaction that is final during the taxable year and entered into prior to actual enactment of a change in the tax law but on a date covered by retroactive effect.
I view a frank and honest keep-or-sell discussion involving the entire family concerning the family business as perhaps the most important conversation that too few families in business ever have. Why is that? I view such a discussion as a means of gauging the family...