Inheritance trusts take on critical importance in wealth management, particularly for multi-generational families. Read more
estate planning
From Bitcoin to Gmail accounts, the rules governing ownership, storage and transferability of digital assets differ significantly from traditional forms of wealth. Read more
In the next decade, 15% of American adults expect to receive an inheritance, according to the latest findings from the New York Life Wealth Watch survey. However, they’re not all confident they’ll be able to manage the funds. On average, adults who expect to receive an inheritance anticipate receiving $740,000. However, just 42% feel very comfortable handling that new wealth. Read more
Parents with resources could purchase the property for the child, but that often does not drive the right incentive. How then, do you get the funds to the child in the most responsible and tax-efficient way? Read more
Trust distributions might be taxable, with the tax liability potentially varying based on factors, such as the type of trust, the kind of distributions and a beneficiary’s tax bracket. Read more
While we all hope to age gracefully, we need to prepare for the potential risks of aging as it relates to investing and financial wellbeing. Read more
If you have life insurance, you know you were required to pick a single or multiple beneficiaries when you purchased your policy. When you die, the beneficiaries receive the payout from the policy. Read more
Estate planning not only makes things easier for your loved ones if you become incapacitated or when you’re gone, but it also does these three important things. Read more
