USING TRUSTS TO MANAGE THE DISTRIBUTION OF YOUR ESTATE

Posted by Michael Kane, CFP®
On May 26, 2017

When tailored to the unique needs of your family, trusts are one of the best ways to protect and execute the plans you’ve made on behalf of your beneficiaries. They help you control the frequency and timing of any inheritance and assist in providing a lifetime of financial security for your loved ones. Many people […]

5 COMMON MISCONCEPTIONS ABOUT ESTATE PLANNING

Posted by Brad Bridgewater
On April 21, 2017

Most of us know someone who has been affected by the death of a loved one who didn’t leave a plan for his or her wishes. These situations are very difficult and can inflict real emotional and financial damage on families. Of course, people don’t set out to harm their loved ones by failing to […]

THE OPPORTUNITY COST OF DOING NOTHING WITH YOUR FINANCIAL PLAN

Posted by Brad Bridgewater
On March 17, 2017

Opportunity cost is defined as “the loss of potential gain from other alternatives when one alternative is chosen.” In the business world, “the cost of doing nothing” is a commonly used phrase relating to hiring practices, customer service, marketing strategies, or financial decisions. Economists have attempted to quantify this cost in a variety of situations. […]

10 KEY RESPONSIBILITIES OF AN EXECUTOR

Posted by Michael Kane, CFP®
On February 24, 2017

Being chosen as the executor of an estate is both an honor and an enormous responsibility. The job of the executor is to protect the personal property of the deceased person until all debts and taxes have been paid and to transfer the remaining assets to the estate’s beneficiaries. The duties may vary depending on […]

SEVEN KEY ROLES AND RESPONSIBILITIES OF A TRUSTEE

Posted by Michael Kane, CFP®
On January 27, 2017

As the title suggests, the job of a trustee requires a person to perform certain duties in a way that is honest, ethical, and trustworthy. While a designated trustee has many responsibilities, the most important thing to remember, should you step into this role, is that the assets you are safeguarding are not yours. Rather, […]

6 ITEMS TO INCLUDE IN YOUR ESTATE PLAN

Posted by Brad Bridgewater
On November 23, 2016

Perhaps no other aspect of retirement planning is as overwhelming as creating an estate plan. It’s hard to anticipate every eventuality, and it’s even harder to make decisions regarding your family’s future that doesn’t include you. For these reasons, along with the intense emotions that accompany facing their own mortality, many people don’t take the […]

5 CONSIDERATIONS FOR TAKING CARE OF AGING PARENTS

Posted by Michael Kane, CFP®
On November 18, 2016

We speak with many clients who have one or more children of their own and who are also be helping to care for their aging parents. This assistance can include time, financial support, and even various forms of guardianship. It goes without saying that these commitments can create an emotional and financial strain on any […]

CHARITABLE TRUSTS

Posted by Michael Kane, CFP®
On February 7, 2016

A charitable trust is a trust established for the dual purpose of donating to charity and providing for a non-charitable beneficiary (such as your children). When a charitable trust is used, the gift to charity is also referred to as a split-interest gift because the gift is split between a charitable beneficiary and a non-charitable […]

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