Legacy Sessions | What is Your Net Worth?
John Forbes, a seasoned financial advisor with nearly three decades of experience, redefines the concept of wealth by focusing on the true riches of life, captured in the acronym "WEALTH": Wisdom, Experiences, Affluence, Legacy, Time, and Health. In his presentation, he emphasizes that wealth is not just about accumulating money but also about cultivating relationships, creating meaningful experiences, and leaving a lasting legacy. John offers practical advice on financial planning, from saving for retirement to avoiding common investment mistakes, and underscores the importance of being intentional with time and health. His insights encourage individuals to live fully and purposefully, ensuring that their legacy extends beyond material wealth.
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Legacy Sessions | Estate Planning
Estate planning is essential for protecting your legacy and ensuring your assets are distributed according to your wishes. In a recent seminar, attorney Evan Taylor highlighted the importance of aligning legal documents with your overall financial plan, using tools like wills, trusts, and powers of attorney to avoid probate, minimize taxes, and safeguard assets from long-term care costs. Especially crucial for blended families and those with high-value estates, comprehensive estate planning helps prevent disputes and ensures your family's future is secure.
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Legacy Sessions | Succession Planning
Business succession planning is essential for ensuring the long-term success and continuity of a company. In a recent seminar hosted by Farmers State Bank, attorney Adam Lawler emphasized the importance of starting this process early, involving key individuals like co-owners, managers, and accountants, and creating clear, well-crafted documents such as buy-sell agreements and estate plans. These steps help secure a business?s legacy, minimize disruptions, and provide peace of mind for the owner and their family. By taking the time to plan, business owners can ensure their company thrives for generations to come.
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When Plans Go Off-Course: Avoiding Loan Default
We're diving into a topic that's often overlooked in banking: what happens when someone can't repay their loan. Yeah, we know, not exactly dinner table conversation material, but stick with us! We're here to talk about what happens when life throws you a curveball and those loan payments become a struggle. Joining us is Tom Jones, President of Farmers State Bank of Alto Pass, and he's going to break it down for us in plain English. So if you've ever wondered what happens if you miss a loan payment or two, this episode is for you. Grab a cup of coffee and let's dive in!
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A Practical Guide to Choosing the Right FSB Credit Card for You
Navigating the world of credit cards can be daunting, especially if you're new to it or have always relied on debit cards. To shed light on this important financial tool, Taylor Shanks from Farmers State Bank shares valuable insights into the credit card options available and the benefits they offer.
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