Financial Planning
As 2024 wraps up, it’s time to focus on proactive financial planning strategies. Use these end-of-year financial planning tips for 2024 to optimize your financial health and set yourself up for a prosperous 2025. Maximize allowable contributions to retirement...
Financial Planning
In 2024, new rules for inheriting Individual Retirement Accounts (IRAs) have been introduced, significantly impacting how beneficiaries manage and distribute these assets. These changes are primarily aimed at closing loopholes and ensuring that retirement savings are...
Financial Planning
Asset protection is an essential component of financial planning, aiming to safeguard one’s assets from potential risks and creditors. It is a continuous process that should ideally begin before any legal issues arise. However, there are strategies that can...
Financial Planning
What is the Family Bank A family bank is a targeted estate planning strategy that removes assets from your taxable estate, protects them from liabilities, and preserves them across generations, with the specific intent of being an opportunity fund for heirs to launch...
Financial Planning
Starting January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) mandates many U.S. companies to report information on individuals who own or control them. This requirement aims to enhance transparency and prevent misuse of financial systems. Non-compliance...
Financial Planning
The Impact of Effective Meetings on Communication, Trust, and Wealth Management A Practical Guide for Philanthropic Families Effective family meetings play a crucial role in the family governance process. These gatherings serve as a platform for open discussions,...
