You’ve probably heard the numbers; about $68 trillion in U.S. wealth is expected to change hands from older generations to younger generations in the next 25 years. Unfortunately, much of that wealth won’t make it the 3rd generation, the grandchildren. Rarely is the issue that the financial advisor didn’t do a good job. Most of…
According to one recent study, around 25 percent of American parents are planning to spend alltheir money in retirement, and not leave their children an inheritance. Interestingly enough, not leaving an inheritance seems to be somewhat of a trend among the ultra-high net worth these days. Investing guru Warren Buffet, tech titan Bill Gates and…
Divorce is a complex process that affects just about every aspect of your life, from financial to emotional, physical to legal. For affluent couples with ultra-high net worth, the complexity is high, and the stakes are even higher. You will be making some of the most difficult and important financial decisions of your life during…
Author’s note: This post was originally written in 2016, but I have revised it with new and updated content. Is it better to have a will or trust? When discussing people’s estates and whether they have a will in place, there is one question that frequently arises: “Should I have a will or a trust?”…
As a small business owner, you likely juggle a lot of daily demands. With so many day to day activities eating up your time, you might now have taken time to even think about retirement. A BMO Management Survey of 400 small business owners revealed that a striking 75% of survey respondents age 18 to…