FINANCIAL PLANNING

Recent Articles

Is 100 the New 80?  Scientists have spent the last 200 years discovering how to help people live longer … and they may have succeeded. Chances are increasing that you or your spouse will live well into your 90s or beyond. Suddenly, estate attorneys, financial planners, and investment advisors are struggling to figure out how to adapt. Old rules of thumb may need to be thrown out.

Gifting to the Grandkids Some wealthy parents communicate little to their heirs until the last moment, leave remaining assets in trust and expect the trustees to educate the beneficiaries. This approach — while simple — deprives heirs of financial decision-making knowledge.

After the Basic Financial Plan  Many individuals have been through a financial planning process. This is just the beginning for wealthy families. As wealth and complexity increase, so does the importance of creating and maintaining trusts.

Using Trusts to Organize Your Finances Creating and funding a trust is only the start of this best practice for wealthy families. Trusts require ongoing maintenance and revisions. Family trustees and beneficiaries also need continuing education to understand their rights and responsibilities.

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