Tobey Blanton Forney’s Post

Affordable premiums and the promise of free legal services is tempting - but don’t be fooled. 🤔 The kind of estate plans offered through group legal insurance plans generally include the bare minimum for your family and don’t consider your family’s unique circumstances and needs. 🤷 Instead of saving you money, an estate plan created through a group legal insurance claim could cost your family far more than a customized plan would have 💸, and is likely to leave your loved ones with a big mess. Want to know more? Check out this week’s blog >>> https://lnkd.in/gSfA2zJr #forneylawtx #estateplan #willsandtrusts #powerofattorney #healthcaredirectives #guardianship #protectyourfamily #kidsprotectionplan #assetprotection #legacy #familylegacy #buildyourlegacy #estateplanningattorney #txestateplanningattorney #personalfamilylawyer #houston #adulting #smallbusiness #txsmallbusiness #businessconsulting #txnonprofit #nonprofit

Thinking of using your employer’s group legal insurance to create your estate plan? 🛑 STOP! 🛑 Estate planning isn’t something you do one time–it’s something that changes and evolves with the changes in your life. If it doesn’t, you’ll quickly be left with a pile of documents 📚 that don’t work for you and your loved ones the way you intended. 😕 Sadly, group legal insurance plans don’t provide the personalized and long-term attorney-client relationship your family needs and deserves. Don’t miss this week’s blog article to learn more>>> https://lnkd.in/gSfA2zJr #forneylawtx #estateplan #willsandtrusts #powerofattorney #healthcaredirectives #guardianship #protectyourfamily #kidsprotectionplan #assetprotection #legacy #familylegacy #buildyourlegacy #estateplanningattorney #txestateplanningattorney #personalfamilylawyer #houston #adulting #smallbusiness #txsmallbusiness #businessconsulting #txnonprofit #nonprofit

In a world where legal disputes don't discriminate by size, discover why Nonprofit D&O Insurance is a game-changer for organizational resilience. #LegalProtection #NonprofitResilience #RiskManagement

If you have people you love 💗 and assets you care about 🏡, there is no such thing as a one-size-fits-all plan that will work for you and your family. While there are usually four key documents in a standard estate plan -- a Will, Trust, Health Care Directive, and Power of Attorney -- there are additional pieces of planning that are quite important for your family, depending on the specifics of your family dynamics and the nature of your assets. Not to mention the content of these four documents must be specifically tailored to meet the unique needs of your family. 👪 Sadly, estate plans created through group legal insurance programs rarely provide the personalized attention needed to give your family the custom and thorough estate plan they can rely on. 😯 Find out why legal insurance isn’t the best place to shop for an estate plan in this week’s blog >>> https://lnkd.in/gSfA2zJr #forneylawtx #estateplan #willsandtrusts #powerofattorney #healthcaredirectives #guardianship #protectyourfamily #kidsprotectionplan #assetprotection #legacy #familylegacy #buildyourlegacy #estateplanningattorney #txestateplanningattorney #personalfamilylawyer #houston #adulting #smallbusiness #txsmallbusiness #businessconsulting #txnonprofit #nonprofit

For many recently bereaved people, loss represents a huge and sudden expense - with the average family paying $12,616 throughout the process of settling their loved one’s affairs. Let’s break down that number: - $5,666 - Average cost for the funeral, which was often the largest expense. - $2,788 - Legal matters such as lawyer’s fees and court filing fees. - $2,724 - Cost of hiring a real estate agent, preparing the home for sale and the like. - $1,438 - Financial assistance costs. These bills come due immediately, and even if there is a significant life insurance policy or plenty of assets in the estate to cover it all, these funds are often not available for months. Read more from our Cost of Dying Report here: https://l.empathy.com/me4

Getting group legal insurance through your workplace benefits is becoming more and more common. 🧑🏭 Group legal insurance seems like an easy option to save on your family’s estate plan, but it’s often inadequate for creating the kind of plan you really need to protect your assets, your choices, and your loved ones. In fact - the type of estate plan created through legal insurance programs could leave your family with a big mess. ☹️ In this week’s blog, I’m exploring the potential pitfalls of using group legal insurance for estate planning and sharing suitable alternatives to ensure your assets are properly protected and that your loved ones are left with a legacy of love, ❤️ and not a big mess. Read the full blog here >>> https://lnkd.in/gSfA2zJr #forneylawtx #estateplan #willsandtrusts #powerofattorney #healthcaredirectives #guardianship #protectyourfamily #kidsprotectionplan #assetprotection #legacy #familylegacy #buildyourlegacy #estateplanningattorney #txestateplanningattorney #personalfamilylawyer #houston #adulting #smallbusiness #txsmallbusiness #businessconsulting #txnonprofit #nonprofit

Does your #nonprofit need Ordinance or Law coverage for your property insurance? If you own property in historically rich areas or are subject to stringent building codes, this coverage can be invaluable. Discuss your options with our insurance experts to ensure comprehensive protection for your property. Learn more about Ordinance or Law coverage: https://bit.ly/48DFRWJ #humanservices #nonprofitleadership

Insurance Policy Percentage Deductible - 2% "of What?" Many insured do not read their entire 170 page policy. When presented with what appears to be an acceptable premium to endorse a new policy or renewal, the percentage deductible many times is not fully explained, or understood. Herein lies the rub = danger. We see it all too often. The general perception for some policyholders is that it is a percentage of the loss value. So a 2% deductible on a $1M loss would be $20k; awesome right? Nope.  It is 2% of the TIV (Total Insured Value) of the entire property, or by building but same difference.  So if the property's TIV is $10M, even though the loss is only valued at $1M, the deductible is $200k. We recently had a property with a 2% TIV deductible in Houston with $1M in roof damage, and the TIV was $45M: $900k deductible! There are solutions. One common solution if you must purchase a percentage deductible policy is to purchase a secondary deductible buy down policy rider. The other of course is go ahead and likely pay a little higher premium with a fixed deductible per occurrence policy. Here's the thing; rates are going up, regardless of your loss history. It all comes down to options and your cash position tolerance once the shoe drops and you have damage. Remember, it's Not If But When. Our Risk Management division provides full policy analysis, in layman's terms so you can make informed decisions. This should be done at least 60 days before renewal underwriting so we can help you obtain additional coverages through our vetted independent insurance broker network. Simply contact Ethan Deddens, our Director of Risk Management, for a no obligation cost analysis. mobile 937-684-7460, email [email protected] https://lnkd.in/eEm_s7Je

Whether you’re a nonprofit, privately held or a public company, it is likely that your business can benefit from a Directors & Officers insurance policy. Regardless of your company’s size or mission, the legal costs associated with a lawsuit can be crippling for both the organization and your directors and officers. Read more about common sources of liability here: https://hubs.la/Q02vyT6q0 #techstaffing #businessinsurance #liability #professionalliability