Estate Ideas

August 2013

WHAT IS ESTATE PLANNING?

Estate planning is the process of accumulating, preserving and distributing assets to achieve the financial goals of people during their lifetimes, and to provide for their heirs according to the estate owner's wishes at death. As such, estate planning is not a one-time event. Instead, it is an ongoing process designed to accomplish accumulation, preservation and distribution objectives, both during your lifetime and after your death.

Estate Planning Objectives:

Accumulation: Estate accumulation objectives involve accumulating assets and net worth during your lifetime by systematically channeling money into savings, insurance and investment plans.

Preservation: Estate preservation objectives include protecting your ability to earn an income during your working years and planning to minimize and offset estate shrinkage at your death.

Distribution: Estate distribution objectives deal with identifying and implementing the tools and techniques that will distribute estate assets to your heirs in an advantageous manner that is consistent with your wishes.

Please contact my office if you'd like additional information on estate planning and the benefits it might offer to you and your family.



MESSAGES
from the Masters...

LOVE THE OPPORTUNITY

by Jim Rohn

Somebody said you have to love what you do, but that's not necessarily true. What is true is that you have to love the opportunity. The opportunity to build life, future, health, success and fortune. Knocking on someone's door may not be something you love to do, but you love the opportunity of what might be behind that door.

For example, a guy says, "I'm digging ditches. Should I love digging ditches?" The answer is, "No, you don't have to love digging ditches, but if it is your first entry onto the ladder of success, you say, 'I'm glad somebody gave me the opportunity to dig ditches and I'm going to do it so well, I won't be here long.'"

You can be inspired by having found something even though you are making mistakes in the beginning and even though it is a little distasteful taking on a new discipline that you haven't learned before. You don't have to love it, you just have to learn to appreciate America, appreciate opportunity and appreciate the person who brought you the good news; who found you.

Appreciate the person who believed in you before you believed in yourself, appreciate the person who said, "Hey, if I can do it, you can do it."

If you will embrace the disciplines associated with the new opportunity you will soon find that your self-confidence starts to grow, that you go from being a skeptic to being a believer. And soon when you go out person to person, talking to people, you will find it to be the most thrilling opportunity in the world. Every person you meet - what could it be? Unlimited! Maybe a friend for life. The next person could be an open door to retiring. The next person could be a colleague for years to come. It's big time stuff. And sometimes in the beginning when we are just getting started we don't always see how big it is.

So, before you are tempted to give up or get discouraged, remember all success is based on long term commitment, faith, discipline, attitude and a few stepping stones along the way. You might not like the stone you are on right now, but it's sure to be one of the stones that lead to great opportunities in the future.

To Your Success,
Jim Rohn

Brought to you by:

George Klahre

Spectrum Financial Solutions, LLC



732-450-9530
gklahre@specfinllc.com

About our firm:

27 West Street-Suite B1
Red Bank, NJ 07701

Our Blog

QUOTES
from the Masters...

On Parenting/ Family

"Leadership is the great challenge of the 21st century in science, politics, education, and industry. But the greatest challenge in leadership is parenting. We need to do more than just get our enterprises ready for the challenges of the twenty-first century. We also need to get our children ready for the challenges of the 21st century."

-- Jim Rohn

"The greatest treasures of your life are associated with the people you love and who love you in return."

-- Brian Tracy

"The country clubs, the cars, the boats, your assets may be ample, but the best inheritance you can leave your kids is to be a good example."

-- Barry Spilchuk

On Personal Development

"It is hard to keep that which has not been obtained through personal development."

-- Jim Rohn

"Your physical, mental and intellectual resources -- continually growing and changing -- are your personal capital."

-– Brian Tracy

"You are your greatest asset. Put your time, effort and money into training, grooming, and encouraging your greatest asset."

-– Tom Hopkins

"Improve your business, your life, your relationships, your finances and your health. When you do the whole world improves."

-– Mark Victor Hansen

The purpose of this newsletter is to provide information of general interest to our clients, potential clients and other professionals. The information provided is general in nature and should not be considered complete information on any product or concept described.

For more complete information, please contact my office at the phone number above.

Published by The Virtual Assistant; © 2012 VSA, LP

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