Estate planning is complex, but the number one mistake people make is actually quite simple. Perhaps so simple that it is overlooked: Coordinating the title of assets with the plan. After years of meeting with clients, estate planners agree this is a consistent theme. It can be disturbing how often the assets do not seem […]
Glossary of Financial Terms to make understanding Wealth Management easier.
Accrued Interest– The amount credited to a bond or other fixed-income security between the date of the last payment and the date when the security is sold, or any intermediate date. The buyer usually pays the seller the security’s price plus the accrued interest.
Asset Allocation– In […]
Powers of Appointment are the secret ingredient to the major advantages of irrevocable trusts
and the formula that makes them work, yet the code does not do a good job of quantifying them,
so we will do it for them. This knowledge makes it easier to decode documents, or design them
in the first place, but also […]
Probate is a hassle in many states, so trusts give us an alternative, more private manner in which to distribute the assets of a decedent. Here, we will take a chronological walk through of the estate settlement process and the critical elements of state law and document language that need to be addressed. Estates are […]
