Family Wealth

 

If you don't have an estate plan, the state has one for you: The importance of planning

You've heard the horror stories: A high-net-worth individual dies without an estate plan, and his family members watch his hard-earned dollars go to government, while relatives bicker in probate court about who should get what. These situations typically take years to settle.

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Providing for a loved one with special needs

Planning for the lifelong care of a special needs child can be a complex task. Learn more about some options — such as special needs trusts — and some of the steps you should take to prepare for your child's future.

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What are the duties of an executor?

Choosing an executor for your estate or acting as one for someone else is a big responsibility. Find out everything you need to know about executors.

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The pros and cons of a Charitable Trust

Are you looking to maintain investment income for yourself while making an impact on the community? Learn more about the positive and negative aspects of a trust to help you make an informed decision.

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Family wealth transfer in times of low valuation and low interest rates

During the COVID-19 pandemic and resulting stay-at-home orders, many families have taken this opportunity to revisit important documents like health care directives, powers of attorney and even wills or trusts.

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Using life insurance to protect your business

Life insurance can be an integral part of succession planning for a small or family-owned business.

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How wealthy couples can learn to talk about money

Do wealthy couples have fewer money conflicts? Truth is, money doesn't solve problems, and can even create some. But by learning to communicate openly about money, new couples who both bring wealth into a relationship can build strong, lasting partnerships.

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Succession planning for an agribusiness

Keeping the family farm in the family takes more than just a written will. A succession plan ensures not just the transfer of property but helps prepare your heirs to take on the job.

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Helping your child thrive out of your shadow

Being a child in a financially comfortable family certainly has benefits — but it comes with pressures too. Here are some ways to help your children find their own path.

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Protecting collectibles in natural disasters

It's hurricane season so remember proper insurance coverage is key to protecting your collectibles and valuables from any natural disaster. Make a list, inventory your valuables, and start exploring coverage today.

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Investing in vacant land

Land is a finite resource; nobody's making more of it. That's why raw, vacant land can be a worthy investment. When there are no suitable homes or commercial buildings available in an area, people will pay top dollar for vacant land to build what they want.

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Choosing an effective, trustworthy charity

Philanthropy allows individuals to make a difference by supporting the causes they value the most. Selecting the specific charities to support, however, can pose a challenge.

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Financial tips for giving money to your grandchildren

Passing heirlooms to the next generation can require sensitive negotiations and careful planning. Here are tips and ideas for minimizing conflict while also making sure your family treasures stay in the family.

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Handling sentimental inheritances

Passing heirlooms to the next generation can require sensitive negotiations and careful planning. Here are tips and ideas for minimizing conflict while also making sure your family treasures stay in the family.

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Building a home that lasts for generations

Get tips, ideas and suggestions for building a legacy estate home today that your family will cherish and keep for multiple generations. Read about how to find the right location, select an architect and prepare to pass the home to your heirs.

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Five tips on "passing the torch" with a family business

Transferring ownership of a family business can be tricky. Our checklist of financial considerations for family business succession planning can help.

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The hidden price of inheritance

Learn more about the significant responsibilities and potential risks of inheriting wealth.

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How to preserve wealth in volatile times

A volatile market can spook anyone nearing retirement. How can you preserve your wealth without letting emotions get the best of you? Follow this plan.

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Women face different challenges in retirement planning

Affluent women face unique challenges compared to their male counterparts when it comes to preparing for their golden years.

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Psychological biases and investing

Affluent investors tend to become increasingly influenced by their emotional biases, which can often lead them astray. Learn more about biased investing.

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Helping aging family members manage money

When an elderly family member can no longer manage money due to mental illness, you may need to step in. Here's what to look out for.

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Types of trusts

A trust can be an important and helpful estate planning tool. Learn more about the different types of trusts and which one might be best for you.

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Should you start a charitable foundation?

Establishing a charitable foundation can be an efficient and smart way to give back. It's important to understand what's involved and the risks and rewards.

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Tackling business succession

Developing a transition plan that outlines what will happen to your business when your retire or you die is crucial, particularly if you want to leave the business to your heirs.

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Defining your legacy through charity

Accumulating personal wealth affords a unique opportunity when it comes to doing good for others.

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Preparing the next generation

First generation founders of successful businesses often ask: “Are we preparing the next generation in the right way, such that they are ready when we ‘pass the baton’ to them?”

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