Trajan's Tactical Tips

A blog for everyday financial tips, Trajan news updates, and more

Estate Planning

Giving Our Children the Gift of Work

In estate planning, we often talk about gifts and gifting, typically within the context of money, assets, and taxes. Kent Phelps, attorney and Trajan Estate CEO, believes that our values are the most important gifts we can give our heirs. Among these, the gift of work ranks as one of the most valuable. Phelps shares his story here.

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In N Out - Part 1
Estate Planning

The In-N-Out Burger Story: Proving the Power of Planning, Part I

In-N-Out has found a way to thrive in spite of family dysfunction, self-destructive behavior, untimely deaths, a limited gene pool, and leadership by the very young or the very old by necessity.

The In-N-Out story demonstrates the power of planning. Without such planning, the fast food chain we all know and love, would very likely not be what it is today.

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Presley Graceland estate
Estate Planning

3 Lessons Learned From the Presley Trust

All too often, the death of a celebrity is a cautionary tale when it comes to getting our affairs in order. Priscilla Presley (Elvis’s ex-wife and Lisa Marie’s mom) already filed a lawsuit four days after she buried her daughter to remove Lisa Marie’s oldest daughter as trustee.

In Lisa Marie’s case, we can learn from some wise planning going back to Elvis, as well as some things that could have been done better.

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Why you need an estate plan
Estate Planning

Why You Need An Estate Plan

No one wants to think about their own death, yet none of us will live forever. Creating an estate plan is an unpleasant but necessary part of being a responsible adult. We can’t know when our time is up, but we can control whether we help our loved ones or leave them with a financial mess.

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Family portrait of Attorney Kent Phelps
Estate Planning

Gifting With Purpose

Gifting to your loved ones while you’re alive can be a beautiful gesture – plus, it offers you a unique opportunity to observe and assess how they handle money. What’s more, there’s an important question around this type of gifting – how much can be gifted without paying gift taxes?

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Attorney Kent Phelps circa 1969
Estate Planning

The Gift of Peace of Mind

The greatest gift this season? Peace of mind. Priceless, really. Especially when you consider what peace of mind has done for Kent Phelps, an estate attorney himself who experienced the loss of his parents.

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Family together
Estate Planning

End-of-Year Planning

Several times a day, we receive inquiries from the general public about needing help after a loved one has passed away.  Here are just a few recent inquiries: “My wife

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Planning your digital legacy
Estate Planning

Planning Your Digital Legacy

An estate plan often focuses on the tangible property such as jewelry, artwork, money, and vehicles. However, in this age of technology, it is important to remember to include your

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