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...