The Benefits of Professional Advisory Insights
“Hey honey, you can’t use the microwave now– I have to start a zoom call.”
Throughout much of the stay-at-home period in 2020 and into early 2021, my wife and I “suffered” (in a very first-world sense of the word, of course) from a few technology-related issues in our home. Until about six months ago, using our microwave for more than approximately 30 seconds effectively disabled all our wired devices. I learned that I could not conduct a zoom call at the same time as my wife was using the microwave to prepare breakfast for our kids. While I made some very feeble attempts to rectify the situation myself, I am glad to report that after hiring a home technology expert, we are no longer forced to choose between oatmeal for breakfast or an early morning zoom meeting. I never would have known how to fix our home technology on my own (“I didn’t know what I didn’t know”) and we greatly benefitted from a professional’s insights.
Just as “I don’t know what I don’t know” when it comes to technology matters, most of our clients approach us with the same “I don’t know what I don’t know” mentality on estate and gifting matters, open to our advice and counsel. In this month’s update, I summarize three commonly-misunderstood planning issues over which even the most astute clients have remarked, “I would not have known about that issue.”