How often do you set new financial goals? How often do you achieve them? Most of us aren’t very successful with our goals, even when we have the best intentions and strong willpower.1 Sometimes, that’s because we’re setting unattainable goals. Other times, we’re missing the big picture and setting our goals with blinders on.

The IRS recently updated some rules about trusts that could make your heirs accidentally liable for capital gains taxes. It's another quiet change that could severely impact families trying to maximize their legacies.

If you think about the purpose of life insurance it becomes much easier to determine how much you need and for how long. Life insurance is an income replacement or liability matching tool and as long as your heirs need your income for sustenance your need for life insurance remains.