Have you discussed your estate planning with your children lately? Have you ever, for that matter? There are lots of reasons affluent parents avoid discussing family financial matters — time, discomfort, habit, mistrust, fear — but the results are more universal. If you don’t prepare your children for the privileges and responsibilities that come with [...]
Archive for the ‘Family Wealth’ Category
Holidays, Families and …
Posted in Family Wealth, Financial Literacy, Wealth Management on December 15, 2009 | Leave a Comment »
Digging for Gold With Silver Spoons
Posted in Family Wealth, Media, The New York Times, Wealth Management, Women on September 30, 2009 | Leave a Comment »
Family wealth planning is a tricky balancing act under the best of circumstances. No matter who the family is, it involves understanding fiduciary duty, recognizing the difference between beneficiaries and custodians, and accounting for complicated family dynamics. Add particularly large sums of money and public notoriety into the mix, and it’s little wonder that the [...]
Five R’s to Financial Renewal: Part III
Posted in Alternative Investing, Family Wealth, Financial Literacy, Fixed Income, Investment Strategy, Markets, Wealth Management on August 17, 2009 | Leave a Comment »
What’s next? It’s time to RECALCULATE, or “do the math.” In my experience, there are usually two things that happen after I help new clients recalculate. First, I see them start to breathe again, after they’d been holding their breath for so long, hoping their financial choices were correct. Second, I find many people have been taking on more risk than they need to.
Family and Taxes
Posted in Executive Wealth, Family Wealth, Federal Government, Financial/Business, Fixed Income, IRS/Taxes, Media, Muni Bonds, Senator McCain, The New York Times, Wealth Management on June 2, 2009 | Leave a Comment »
Some point to media coverage to bemoan that “the rich people don’t pay their fair share.” The top 5 percent paying 60 percent of our taxes seems like a fair share to me.
