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Category: Estate Planning

October 29, 2024

Creating a Family Wealth Charter: Your Roadmap to Lasting Family Prosperity

Wealth is more than just money—it’s about security, opportunities, and legacy. But preserving and growing that wealth across generations requires a proactive plan. Enter the family wealth charter, a personalized document that lays out your family’s financial goals, values, and a structure for decision-making. It’s not just about handling assets, but about ensuring everyone in [...]

Patrick Corcorran
Contributions from: Kurt Biederman, JD, Patrick Corcorran

October 29, 2024

Long Term Care Planning

Whether you are part of the “sandwich generation” ― caring for both your kids and your parents ― or you are aging yourself, eventually some form of long-term care may be necessary in your family. Morningstar reports that 70 percent of those who turn 65 will need long-term care at some point in their lives, [...]

Vonie Bright
Contributions from: Vonie Bright, CFP®

August 13, 2024

10 Essential Skills for Trustees

Being appointed as a trustee is a significant responsibility that requires a blend of financial acumen, ethical judgment, and interpersonal skills. Trustees are “entrusted” with the task of managing and administering the assets of a trust in the best interests of the beneficiaries. Whether you are overseeing a family trust, a charitable trust, or a [...]

Contributions from: Hilary Massee Clark

August 1, 2024

Will or Living Trust: Which Is Right for You?

For many of us, the legacy we leave behind is important. We want to leave our loved ones with a rich history of fond memories and shared stories, while also making sure they are cared for financially when we are no longer around. But how we distribute these resources to our heirs is just as [...]

Contributions from: Jay Winston, CFP®, Heather Hamamoto, CFP®, CDFA®

April 22, 2024

Estate Changes Are Coming: Who Really Needs to Take Action?

When Taylor Swift wrote her song, You Need to Calm Down, she probably had no idea how relevant her song title would be when thinking about the Tax Cuts and Jobs Act of 2017 (TCJA) sunsetting on January 1, 2026. Headlines are setting off alarms and panic for many high-net-worth individuals. However, the TCJA sunset [...]

Becky Wilcox
Contributions from: Becky Wilcox, CFA®, MBA, FRM®, Heather Hamamoto, CFP®, CDFA®, Anne Marie Stonich, CFP®, CPA

April 15, 2024

5 Key Players in your Estate Plan

When most people decide to start their wealth management journey, the shiny object in the room is always financial planning – and we get why! Nothing beats seeing your years of savings, short-term goals like that once-in-a-lifetime trip, and long-term goals like early retirement, all in one place and your advisor confirms your financial plan [...]

Contributions from: Katelyn Spangler, CFP®

February 13, 2024

New Federal Reporting Requirement for Beneficial Ownership Information

Overview: A new reporting requirement has gone into effect as of January 1, 2024, that will affect small entities operating in the US – including most corporations, LLC’s, and partnerships established by individuals for estate and financial planning purposes. Affected entities will be required to disclose their Beneficial Owners’ Information (“BOI”) to the Financial Crimes [...]

Glen White
Contributions from: Glen White

June 14, 2023

Diversified Estate Planning for LGBTQ+ Families

When it comes to estate planning, LGBTQ+ individuals may need additional considerations to ensure that their wishes are fully honored and protected. Given the variation in state laws and recognition, same-sex couples must continue to be conscientious and thoughtful when it comes to their estate planning efforts, and are highly encouraged to seek a competent [...]

Contributions from: Katie Quick, CFP®

March 22, 2023

Identifying Red Flags for Reviewing and Updating Your Estate Plan

Having a proper estate plan in place is the guiding hand you leave behind to ensure things go smoothly for your loved ones after you’re gone, and that all your last wishes are carried out accordingly. But with all things in life, we experience change. As such, you should periodically review your estate plan and [...]

Contributions from: Jay Winston, CFP®

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