Every family has a wealth culture, a mindset or system informing beliefs about money and how it should be used, preserved or passed between generations, whether they have articulated it or not. Families who enjoy healthy multi-generational family wealth cultures have taken proactive steps to cultivate and foster them. How does a family create healthy thinking about wealth? It starts by...

Securities-based lending (SBL) continues to grow in popularity as advisors and their clients increasingly recognize its tax efficiency, convenience and flexibility in meeting short-term cash needs while maintaining a well-defined wealth plan. Though selling assets is often considered the only solution to generating liquidity, having access to and the ability to utilize a securities-based line...

This is the fourth blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Read part 3: How to engage children age 12-18 in conversations about wealth As children become young adults and start living away from home,...

As interest rates begin to rise, now may be a good time to consider estate planning strategies that leverage lower interest rates to remove assets from your estate. Implementing one of these strategies and locking in a lower interest rate today may allow more wealth to be transferred outside the estate at a reduced cost.   Additionally, two of the primary interest rates used in many...

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations. Successful transition of wealth from generation to generation is best achieved when family members share a mutual...

This is the third blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Middle and high school years are busy. Balancing school, activities, hobbies and social life isn’t easy. More and more, tweens and teenagers want to figure things...

If you’ve considered a move to a different state recently, you’re not alone: Nearly 3 million Americans relocate to a new state each year.1 While many people have chosen less-populous states over the last two years to find open spaces and the ability to spread out, Texas and Florida added more new residents than any other states.2 Despite its reputation as a haven for retirees, Florida has...

Fraud attempts are rising at an alarming rate and with evolving technology, scammers are getting more creative every day. Victimization schemes are driving much of the dramatic growth in scams and fraudulent activity. Read on to learn more about scams involving romance or an inheritance, and learn to spot their warning signs to protect you and your family. Romance scam: A scammer may...

This is the second blog in a four-part series, designed to help you engage your children in conversations about wealth.  Read the intro: Talking to children about wealth  Parents often wonder when to start discussing money with children. Of course, there is no one answer to that question. As with many topics regarding family and wealth, the substance and timing of these...

Family wealth plans are typically focused on long-term investments or complex tax strategies. Banking solutions don’t often get a lot of attention, but it is important to see both sides of the balance sheet, and how lending and deposits can preserve and expand wealth. Day-to-day cash management is woven into our daily activities, and using leverage and the appropriate credit and interest rate...

In part 1, readers learned about the importance of starting early and choosing the right structure for the sale. This post shares insights about personal financial and tax planning related to the sale of a business, preparing for what comes next and choosing the right experts. Selling a business is not simple—or easy. However, there are things business owners can do to prepare for the sale,...

In 2020, about 70% of privately held business owners expected to transfer ownership of their businesses to another party within a decade. Almost one-third expected their businesses to change hands sooner.1 The reasons for the transfers are diverse. A founder and/or owner may be ready to: Retire, either partially or completely Monetize one business and start another Pass the business...

Clients often ask, “When is the right time to talk with my children about wealth?” Truth be told, there is no one right answer to this question. Many parents are uncomfortable sharing information about their wealth with their children out of fear that such knowledge may stifle a child’s ambition or willingness to work, concern that children will share this information with others, or simply...

Trusts are highly effective wealth management vehicles that can facilitate the transfer of wealth between generations and help individuals, families and business owners meet a range of estate and tax planning goals.  One of the most fundamental and essential decisions for individuals and families looking to establish a trust is choosing the state where the trust will be administered....

Philanthropy is powerful. Think of the neighborhood association scholarship that made college more affordable for a graduating high school senior or the handyman ministry that keeps your elderly neighbor in her home. All of these make your community a vibrant place to live, and they are made possible by generous donations.  Often, charitable gifts benefit the world beyond our communities....

Every family has a wealth culture, a mindset or system informing beliefs about money and how it should be used, preserved or passed between generations, whether they have articulated it or not. Families who enjoy healthy multi-generational family wealth cultures have taken proactive steps to cultivate and foster them. How does a family create healthy thinking about wealth? It starts by...

Securities-based lending (SBL) continues to grow in popularity as advisors and their clients increasingly recognize its tax efficiency, convenience and flexibility in meeting short-term cash needs while maintaining a well-defined wealth plan. Though selling assets is often considered the only solution to generating liquidity, having access to and the ability to utilize a securities-based line...

This is the fourth blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Read part 3: How to engage children age 12-18 in conversations about wealth As children become young adults and start living away from home,...

As interest rates begin to rise, now may be a good time to consider estate planning strategies that leverage lower interest rates to remove assets from your estate. Implementing one of these strategies and locking in a lower interest rate today may allow more wealth to be transferred outside the estate at a reduced cost.   Additionally, two of the primary interest rates used in many...

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations. Successful transition of wealth from generation to generation is best achieved when family members share a mutual...

This is the third blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Middle and high school years are busy. Balancing school, activities, hobbies and social life isn’t easy. More and more, tweens and teenagers want to figure things...

If you’ve considered a move to a different state recently, you’re not alone: Nearly 3 million Americans relocate to a new state each year.1 While many people have chosen less-populous states over the last two years to find open spaces and the ability to spread out, Texas and Florida added more new residents than any other states.2 Despite its reputation as a haven for retirees, Florida has...

Fraud attempts are rising at an alarming rate and with evolving technology, scammers are getting more creative every day. Victimization schemes are driving much of the dramatic growth in scams and fraudulent activity. Read on to learn more about scams involving romance or an inheritance, and learn to spot their warning signs to protect you and your family. Romance scam: A scammer may...

This is the second blog in a four-part series, designed to help you engage your children in conversations about wealth.  Read the intro: Talking to children about wealth  Parents often wonder when to start discussing money with children. Of course, there is no one answer to that question. As with many topics regarding family and wealth, the substance and timing of these...

Family wealth plans are typically focused on long-term investments or complex tax strategies. Banking solutions don’t often get a lot of attention, but it is important to see both sides of the balance sheet, and how lending and deposits can preserve and expand wealth. Day-to-day cash management is woven into our daily activities, and using leverage and the appropriate credit and interest rate...

In part 1, readers learned about the importance of starting early and choosing the right structure for the sale. This post shares insights about personal financial and tax planning related to the sale of a business, preparing for what comes next and choosing the right experts. Selling a business is not simple—or easy. However, there are things business owners can do to prepare for the sale,...

In 2020, about 70% of privately held business owners expected to transfer ownership of their businesses to another party within a decade. Almost one-third expected their businesses to change hands sooner.1 The reasons for the transfers are diverse. A founder and/or owner may be ready to: Retire, either partially or completely Monetize one business and start another Pass the business...

Clients often ask, “When is the right time to talk with my children about wealth?” Truth be told, there is no one right answer to this question. Many parents are uncomfortable sharing information about their wealth with their children out of fear that such knowledge may stifle a child’s ambition or willingness to work, concern that children will share this information with others, or simply...

Trusts are highly effective wealth management vehicles that can facilitate the transfer of wealth between generations and help individuals, families and business owners meet a range of estate and tax planning goals.  One of the most fundamental and essential decisions for individuals and families looking to establish a trust is choosing the state where the trust will be administered....

Philanthropy is powerful. Think of the neighborhood association scholarship that made college more affordable for a graduating high school senior or the handyman ministry that keeps your elderly neighbor in her home. All of these make your community a vibrant place to live, and they are made possible by generous donations.  Often, charitable gifts benefit the world beyond our communities....

Every family has a wealth culture, a mindset or system informing beliefs about money and how it should be used, preserved or passed between generations, whether they have articulated it or not. Families who enjoy healthy multi-generational family wealth cultures have taken proactive steps to cultivate and foster them. How does a family create healthy thinking about wealth? It starts by...

Securities-based lending (SBL) continues to grow in popularity as advisors and their clients increasingly recognize its tax efficiency, convenience and flexibility in meeting short-term cash needs while maintaining a well-defined wealth plan. Though selling assets is often considered the only solution to generating liquidity, having access to and the ability to utilize a securities-based line...

This is the fourth blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Read part 3: How to engage children age 12-18 in conversations about wealth As children become young adults and start living away from home,...

As interest rates begin to rise, now may be a good time to consider estate planning strategies that leverage lower interest rates to remove assets from your estate. Implementing one of these strategies and locking in a lower interest rate today may allow more wealth to be transferred outside the estate at a reduced cost.   Additionally, two of the primary interest rates used in many...

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations. Successful transition of wealth from generation to generation is best achieved when family members share a mutual...

This is the third blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Middle and high school years are busy. Balancing school, activities, hobbies and social life isn’t easy. More and more, tweens and teenagers want to figure things...

If you’ve considered a move to a different state recently, you’re not alone: Nearly 3 million Americans relocate to a new state each year.1 While many people have chosen less-populous states over the last two years to find open spaces and the ability to spread out, Texas and Florida added more new residents than any other states.2 Despite its reputation as a haven for retirees, Florida has...

Fraud attempts are rising at an alarming rate and with evolving technology, scammers are getting more creative every day. Victimization schemes are driving much of the dramatic growth in scams and fraudulent activity. Read on to learn more about scams involving romance or an inheritance, and learn to spot their warning signs to protect you and your family. Romance scam: A scammer may...

This is the second blog in a four-part series, designed to help you engage your children in conversations about wealth.  Read the intro: Talking to children about wealth  Parents often wonder when to start discussing money with children. Of course, there is no one answer to that question. As with many topics regarding family and wealth, the substance and timing of these...

Family wealth plans are typically focused on long-term investments or complex tax strategies. Banking solutions don’t often get a lot of attention, but it is important to see both sides of the balance sheet, and how lending and deposits can preserve and expand wealth. Day-to-day cash management is woven into our daily activities, and using leverage and the appropriate credit and interest rate...

In part 1, readers learned about the importance of starting early and choosing the right structure for the sale. This post shares insights about personal financial and tax planning related to the sale of a business, preparing for what comes next and choosing the right experts. Selling a business is not simple—or easy. However, there are things business owners can do to prepare for the sale,...

In 2020, about 70% of privately held business owners expected to transfer ownership of their businesses to another party within a decade. Almost one-third expected their businesses to change hands sooner.1 The reasons for the transfers are diverse. A founder and/or owner may be ready to: Retire, either partially or completely Monetize one business and start another Pass the business...

Clients often ask, “When is the right time to talk with my children about wealth?” Truth be told, there is no one right answer to this question. Many parents are uncomfortable sharing information about their wealth with their children out of fear that such knowledge may stifle a child’s ambition or willingness to work, concern that children will share this information with others, or simply...

Trusts are highly effective wealth management vehicles that can facilitate the transfer of wealth between generations and help individuals, families and business owners meet a range of estate and tax planning goals.  One of the most fundamental and essential decisions for individuals and families looking to establish a trust is choosing the state where the trust will be administered....

Philanthropy is powerful. Think of the neighborhood association scholarship that made college more affordable for a graduating high school senior or the handyman ministry that keeps your elderly neighbor in her home. All of these make your community a vibrant place to live, and they are made possible by generous donations.  Often, charitable gifts benefit the world beyond our communities....

Every family has a wealth culture, a mindset or system informing beliefs about money and how it should be used, preserved or passed between generations, whether they have articulated it or not. Families who enjoy healthy multi-generational family wealth cultures have taken proactive steps to cultivate and foster them. How does a family create healthy thinking about wealth? It starts by...

Securities-based lending (SBL) continues to grow in popularity as advisors and their clients increasingly recognize its tax efficiency, convenience and flexibility in meeting short-term cash needs while maintaining a well-defined wealth plan. Though selling assets is often considered the only solution to generating liquidity, having access to and the ability to utilize a securities-based line...

This is the fourth blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Read part 3: How to engage children age 12-18 in conversations about wealth As children become young adults and start living away from home,...

As interest rates begin to rise, now may be a good time to consider estate planning strategies that leverage lower interest rates to remove assets from your estate. Implementing one of these strategies and locking in a lower interest rate today may allow more wealth to be transferred outside the estate at a reduced cost.   Additionally, two of the primary interest rates used in many...

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations. Successful transition of wealth from generation to generation is best achieved when family members share a mutual...

This is the third blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Middle and high school years are busy. Balancing school, activities, hobbies and social life isn’t easy. More and more, tweens and teenagers want to figure things...

If you’ve considered a move to a different state recently, you’re not alone: Nearly 3 million Americans relocate to a new state each year.1 While many people have chosen less-populous states over the last two years to find open spaces and the ability to spread out, Texas and Florida added more new residents than any other states.2 Despite its reputation as a haven for retirees, Florida has...

Fraud attempts are rising at an alarming rate and with evolving technology, scammers are getting more creative every day. Victimization schemes are driving much of the dramatic growth in scams and fraudulent activity. Read on to learn more about scams involving romance or an inheritance, and learn to spot their warning signs to protect you and your family. Romance scam: A scammer may...

This is the second blog in a four-part series, designed to help you engage your children in conversations about wealth.  Read the intro: Talking to children about wealth  Parents often wonder when to start discussing money with children. Of course, there is no one answer to that question. As with many topics regarding family and wealth, the substance and timing of these...

Family wealth plans are typically focused on long-term investments or complex tax strategies. Banking solutions don’t often get a lot of attention, but it is important to see both sides of the balance sheet, and how lending and deposits can preserve and expand wealth. Day-to-day cash management is woven into our daily activities, and using leverage and the appropriate credit and interest rate...

In part 1, readers learned about the importance of starting early and choosing the right structure for the sale. This post shares insights about personal financial and tax planning related to the sale of a business, preparing for what comes next and choosing the right experts. Selling a business is not simple—or easy. However, there are things business owners can do to prepare for the sale,...

In 2020, about 70% of privately held business owners expected to transfer ownership of their businesses to another party within a decade. Almost one-third expected their businesses to change hands sooner.1 The reasons for the transfers are diverse. A founder and/or owner may be ready to: Retire, either partially or completely Monetize one business and start another Pass the business...

Clients often ask, “When is the right time to talk with my children about wealth?” Truth be told, there is no one right answer to this question. Many parents are uncomfortable sharing information about their wealth with their children out of fear that such knowledge may stifle a child’s ambition or willingness to work, concern that children will share this information with others, or simply...

Trusts are highly effective wealth management vehicles that can facilitate the transfer of wealth between generations and help individuals, families and business owners meet a range of estate and tax planning goals.  One of the most fundamental and essential decisions for individuals and families looking to establish a trust is choosing the state where the trust will be administered....

Philanthropy is powerful. Think of the neighborhood association scholarship that made college more affordable for a graduating high school senior or the handyman ministry that keeps your elderly neighbor in her home. All of these make your community a vibrant place to live, and they are made possible by generous donations.  Often, charitable gifts benefit the world beyond our communities....

Every family has a wealth culture, a mindset or system informing beliefs about money and how it should be used, preserved or passed between generations, whether they have articulated it or not. Families who enjoy healthy multi-generational family wealth cultures have taken proactive steps to cultivate and foster them. How does a family create healthy thinking about wealth? It starts by...

Securities-based lending (SBL) continues to grow in popularity as advisors and their clients increasingly recognize its tax efficiency, convenience and flexibility in meeting short-term cash needs while maintaining a well-defined wealth plan. Though selling assets is often considered the only solution to generating liquidity, having access to and the ability to utilize a securities-based line...

This is the fourth blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Read part 3: How to engage children age 12-18 in conversations about wealth As children become young adults and start living away from home,...

As interest rates begin to rise, now may be a good time to consider estate planning strategies that leverage lower interest rates to remove assets from your estate. Implementing one of these strategies and locking in a lower interest rate today may allow more wealth to be transferred outside the estate at a reduced cost.   Additionally, two of the primary interest rates used in many...

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations. Successful transition of wealth from generation to generation is best achieved when family members share a mutual...

This is the third blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Middle and high school years are busy. Balancing school, activities, hobbies and social life isn’t easy. More and more, tweens and teenagers want to figure things...

If you’ve considered a move to a different state recently, you’re not alone: Nearly 3 million Americans relocate to a new state each year.1 While many people have chosen less-populous states over the last two years to find open spaces and the ability to spread out, Texas and Florida added more new residents than any other states.2 Despite its reputation as a haven for retirees, Florida has...

Fraud attempts are rising at an alarming rate and with evolving technology, scammers are getting more creative every day. Victimization schemes are driving much of the dramatic growth in scams and fraudulent activity. Read on to learn more about scams involving romance or an inheritance, and learn to spot their warning signs to protect you and your family. Romance scam: A scammer may...

This is the second blog in a four-part series, designed to help you engage your children in conversations about wealth.  Read the intro: Talking to children about wealth  Parents often wonder when to start discussing money with children. Of course, there is no one answer to that question. As with many topics regarding family and wealth, the substance and timing of these...

Family wealth plans are typically focused on long-term investments or complex tax strategies. Banking solutions don’t often get a lot of attention, but it is important to see both sides of the balance sheet, and how lending and deposits can preserve and expand wealth. Day-to-day cash management is woven into our daily activities, and using leverage and the appropriate credit and interest rate...

In part 1, readers learned about the importance of starting early and choosing the right structure for the sale. This post shares insights about personal financial and tax planning related to the sale of a business, preparing for what comes next and choosing the right experts. Selling a business is not simple—or easy. However, there are things business owners can do to prepare for the sale,...

In 2020, about 70% of privately held business owners expected to transfer ownership of their businesses to another party within a decade. Almost one-third expected their businesses to change hands sooner.1 The reasons for the transfers are diverse. A founder and/or owner may be ready to: Retire, either partially or completely Monetize one business and start another Pass the business...

Clients often ask, “When is the right time to talk with my children about wealth?” Truth be told, there is no one right answer to this question. Many parents are uncomfortable sharing information about their wealth with their children out of fear that such knowledge may stifle a child’s ambition or willingness to work, concern that children will share this information with others, or simply...

Trusts are highly effective wealth management vehicles that can facilitate the transfer of wealth between generations and help individuals, families and business owners meet a range of estate and tax planning goals.  One of the most fundamental and essential decisions for individuals and families looking to establish a trust is choosing the state where the trust will be administered....

Philanthropy is powerful. Think of the neighborhood association scholarship that made college more affordable for a graduating high school senior or the handyman ministry that keeps your elderly neighbor in her home. All of these make your community a vibrant place to live, and they are made possible by generous donations.  Often, charitable gifts benefit the world beyond our communities....

Every family has a wealth culture, a mindset or system informing beliefs about money and how it should be used, preserved or passed between generations, whether they have articulated it or not. Families who enjoy healthy multi-generational family wealth cultures have taken proactive steps to cultivate and foster them. How does a family create healthy thinking about wealth? It starts by...

Securities-based lending (SBL) continues to grow in popularity as advisors and their clients increasingly recognize its tax efficiency, convenience and flexibility in meeting short-term cash needs while maintaining a well-defined wealth plan. Though selling assets is often considered the only solution to generating liquidity, having access to and the ability to utilize a securities-based line...

This is the fourth blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Read part 3: How to engage children age 12-18 in conversations about wealth As children become young adults and start living away from home,...

As interest rates begin to rise, now may be a good time to consider estate planning strategies that leverage lower interest rates to remove assets from your estate. Implementing one of these strategies and locking in a lower interest rate today may allow more wealth to be transferred outside the estate at a reduced cost.   Additionally, two of the primary interest rates used in many...

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations. Successful transition of wealth from generation to generation is best achieved when family members share a mutual...

This is the third blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Middle and high school years are busy. Balancing school, activities, hobbies and social life isn’t easy. More and more, tweens and teenagers want to figure things...

If you’ve considered a move to a different state recently, you’re not alone: Nearly 3 million Americans relocate to a new state each year.1 While many people have chosen less-populous states over the last two years to find open spaces and the ability to spread out, Texas and Florida added more new residents than any other states.2 Despite its reputation as a haven for retirees, Florida has...

Fraud attempts are rising at an alarming rate and with evolving technology, scammers are getting more creative every day. Victimization schemes are driving much of the dramatic growth in scams and fraudulent activity. Read on to learn more about scams involving romance or an inheritance, and learn to spot their warning signs to protect you and your family. Romance scam: A scammer may...

This is the second blog in a four-part series, designed to help you engage your children in conversations about wealth.  Read the intro: Talking to children about wealth  Parents often wonder when to start discussing money with children. Of course, there is no one answer to that question. As with many topics regarding family and wealth, the substance and timing of these...

Family wealth plans are typically focused on long-term investments or complex tax strategies. Banking solutions don’t often get a lot of attention, but it is important to see both sides of the balance sheet, and how lending and deposits can preserve and expand wealth. Day-to-day cash management is woven into our daily activities, and using leverage and the appropriate credit and interest rate...

In part 1, readers learned about the importance of starting early and choosing the right structure for the sale. This post shares insights about personal financial and tax planning related to the sale of a business, preparing for what comes next and choosing the right experts. Selling a business is not simple—or easy. However, there are things business owners can do to prepare for the sale,...

In 2020, about 70% of privately held business owners expected to transfer ownership of their businesses to another party within a decade. Almost one-third expected their businesses to change hands sooner.1 The reasons for the transfers are diverse. A founder and/or owner may be ready to: Retire, either partially or completely Monetize one business and start another Pass the business...

Clients often ask, “When is the right time to talk with my children about wealth?” Truth be told, there is no one right answer to this question. Many parents are uncomfortable sharing information about their wealth with their children out of fear that such knowledge may stifle a child’s ambition or willingness to work, concern that children will share this information with others, or simply...

Trusts are highly effective wealth management vehicles that can facilitate the transfer of wealth between generations and help individuals, families and business owners meet a range of estate and tax planning goals.  One of the most fundamental and essential decisions for individuals and families looking to establish a trust is choosing the state where the trust will be administered....

Philanthropy is powerful. Think of the neighborhood association scholarship that made college more affordable for a graduating high school senior or the handyman ministry that keeps your elderly neighbor in her home. All of these make your community a vibrant place to live, and they are made possible by generous donations.  Often, charitable gifts benefit the world beyond our communities....

Every family has a wealth culture, a mindset or system informing beliefs about money and how it should be used, preserved or passed between generations, whether they have articulated it or not. Families who enjoy healthy multi-generational family wealth cultures have taken proactive steps to cultivate and foster them. How does a family create healthy thinking about wealth? It starts by...

Securities-based lending (SBL) continues to grow in popularity as advisors and their clients increasingly recognize its tax efficiency, convenience and flexibility in meeting short-term cash needs while maintaining a well-defined wealth plan. Though selling assets is often considered the only solution to generating liquidity, having access to and the ability to utilize a securities-based line...

This is the fourth blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Read part 3: How to engage children age 12-18 in conversations about wealth As children become young adults and start living away from home,...

As interest rates begin to rise, now may be a good time to consider estate planning strategies that leverage lower interest rates to remove assets from your estate. Implementing one of these strategies and locking in a lower interest rate today may allow more wealth to be transferred outside the estate at a reduced cost.   Additionally, two of the primary interest rates used in many...

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations. Successful transition of wealth from generation to generation is best achieved when family members share a mutual...

This is the third blog in a four-part series, designed to help you engage your children in conversations about wealth. Read part 1: Talking with children about wealth  Read part 2: How to engage children up to age 11   Middle and high school years are busy. Balancing school, activities, hobbies and social life isn’t easy. More and more, tweens and teenagers want to figure things...

If you’ve considered a move to a different state recently, you’re not alone: Nearly 3 million Americans relocate to a new state each year.1 While many people have chosen less-populous states over the last two years to find open spaces and the ability to spread out, Texas and Florida added more new residents than any other states.2 Despite its reputation as a haven for retirees, Florida has...

Fraud attempts are rising at an alarming rate and with evolving technology, scammers are getting more creative every day. Victimization schemes are driving much of the dramatic growth in scams and fraudulent activity. Read on to learn more about scams involving romance or an inheritance, and learn to spot their warning signs to protect you and your family. Romance scam: A scammer may...

This is the second blog in a four-part series, designed to help you engage your children in conversations about wealth.  Read the intro: Talking to children about wealth  Parents often wonder when to start discussing money with children. Of course, there is no one answer to that question. As with many topics regarding family and wealth, the substance and timing of these...

Family wealth plans are typically focused on long-term investments or complex tax strategies. Banking solutions don’t often get a lot of attention, but it is important to see both sides of the balance sheet, and how lending and deposits can preserve and expand wealth. Day-to-day cash management is woven into our daily activities, and using leverage and the appropriate credit and interest rate...

In part 1, readers learned about the importance of starting early and choosing the right structure for the sale. This post shares insights about personal financial and tax planning related to the sale of a business, preparing for what comes next and choosing the right experts. Selling a business is not simple—or easy. However, there are things business owners can do to prepare for the sale,...

In 2020, about 70% of privately held business owners expected to transfer ownership of their businesses to another party within a decade. Almost one-third expected their businesses to change hands sooner.1 The reasons for the transfers are diverse. A founder and/or owner may be ready to: Retire, either partially or completely Monetize one business and start another Pass the business...

Clients often ask, “When is the right time to talk with my children about wealth?” Truth be told, there is no one right answer to this question. Many parents are uncomfortable sharing information about their wealth with their children out of fear that such knowledge may stifle a child’s ambition or willingness to work, concern that children will share this information with others, or simply...

Trusts are highly effective wealth management vehicles that can facilitate the transfer of wealth between generations and help individuals, families and business owners meet a range of estate and tax planning goals.  One of the most fundamental and essential decisions for individuals and families looking to establish a trust is choosing the state where the trust will be administered....

Philanthropy is powerful. Think of the neighborhood association scholarship that made college more affordable for a graduating high school senior or the handyman ministry that keeps your elderly neighbor in her home. All of these make your community a vibrant place to live, and they are made possible by generous donations.  Often, charitable gifts benefit the world beyond our communities....