Monthly Archives: September 2019

How to Avoid the Pitfalls of Estate Planning

When a loved one passes away, it is a sad and difficult time. What can make it even worse is when surviving family members begin to fight over the estate. This often happens because parents and children have turned a blind eye to planning. Unfortunately, parents themselves are destroying their own families without even knowing it, by not planning now. We need to pay attention to this issue, because there is the potential to avoid a family feud.

In these hard economic times, many people in France are relying on some type of inheritance to stave off financial ruin. Past generations were generally very frugal and saved their money wisely; thus, many baby boomers are depending on their parents’ estates to ensure their own financial futures. Because many children feel entitled to their parents’ estate, they fight when their parents don’t handle their estate as the children believe they should.

Parents make some very common mistakes when it comes to financial planning:

  • Failure to Plan for Events Leading to Incapacity (when a will has no jurisdiction)
  • Failure to Include Provisions for Your Possessions in the Estate Plan
  • Failure to Inform Your Children Whom You Have Named as Power of Attorney and/or Executor, And Why
  • Failure to Appropriately Thank the Care-Giving Child
  • Failure to Disclose Information about Your Will to Your Children
  • Failure to Re-Examine Your Will after Getting Remarried

There are solutions to these problems, however. Parents can appoint someone as durable power of attorney for property to make decisions should they become incapacitated. In France, you can hire a good avocat succession Paris who will write a living will and appoint someone with the durable power of attorney for health care. They can sit down and have a candid conversation with their children, explaining their choice of executor, along with many of the other issues that accompany estate planning. Communication is essential because death is inevitable. It is important to talk to everyone involved to understand exactly how each person feels about what is going on; otherwise, it is all left to assumption, which is dangerous ground. You can never assume certain things such as: goodwill among your children; that because you love your kids, they’ll love each other; that your child’s marriage will be permanent (in terms of appointing in-laws as executors); that a “homemade will” will be effective (online services vary in effectiveness and legality); and that your lawyer is capable of finding all of your assets. The best way to deal with estate planning is to take charge and to be proactive.

Cost of Diamonds

Diamonds are still one of the most amazing gift items anyone can receive – whether it is set in a diamond solitaire ring, a pendant, as diamond stud ear rings, a dazzling tennis bracelet or in a breathtaking timepiece. There’s no doubt that if you can find the right diamond at a reasonable price, you have something great to talk about.

The world’s finest diamond collectors prefer to purchase loose diamonds so they can see exactly what the gem looks like from all angles. Since loose diamonds aren’t mounted, they can be sure the stone passes their inspection.

Diamonds come in many different ‘cuts’ – or shapes and styles. A round diamond is considered to be the most classic cut. Other shapes, like the Princess cut, the Marquise cut, the Heart shape, the Emerald cut, Oval cuts, and Trillion cuts are considered to be “fancy cuts.” These cuts also describe the shape of the diamond. They may be available as loose diamonds or could already be set in a piece of jewelry.

One of the great things about diamonds is that they last forever and can be passed down from one generation to the next. A diamond’s heirloom appeal isn’t just with the value it’s perceived as. Diamonds hold extreme sentimental value, especially when one has stayed in the family for years. Diamonds play with with light and they radiate a beautiful fire from within.

Diamonds, if selected carefully, can gain value over the years. Of course this rule only holds true for exceptional diamonds. That’s why your search should always be thorough in its quest for high quality.

鑽石價格 is based on the 4 Cs of a great diamond:

Carat: The carat is the size of the diamond, and this is determined by the diamonds weight. The heavier the diamond, the more carats it has. In most cases, a heavier diamond is going to cost more than a smaller one.

Color: Color is one of the biggest components contributing to the cost of diamonds. The clearer the diamond, the better. Blue, yellow and pink diamonds are rare, but can be found by contacting the right jeweler. You can expect to pay a higher premium for colored diamonds, since there is a smaller supply of these gemstones.

Clarity: Clarity is always an important factor. Diamond clarity is determined by the number of flaws – or ‘feathers’ a stone has. A flawless diamond is difficult to come by and is considered to be one of the most vaunted stones available. Expect to pay more than three months salary for one of these gorgeous stones, provided you can find one.

Cut: Cut has everything to do with the quality of the final piece. The way a stone is cut can help enhance it’s reflective qualities. The round cut is a longstanding favorite, but cuts like the heart cut, the Princess cut and the Emerald cut remain popular with the ladies.

It’s always a good idea to purchase your next diamond from a reputable dealer or jewelry store. Many diamonds available on the market today come with certification, assuring that the diamond you purchase has been inspected and authorized, as is as described by the jeweler or salesperson. These certifications validate the diamonds authenticity and is a way to assure that you aren’t purchasing “blood diamonds” – or diamonds that were mined in poor, war torn countries like Africa.