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...