I recently read two articles about employers talking about renewed interest in changing plan design or reopening Defined Benefit Plans that were previously closed or frozen. Employers realize the financial difficulties workers face and are looking to enhance retirement and…
What is a charitable remainder trust? A charitable remainder trust, or otherwise known as a CRT, is an estate planning technique that allows an individual to achieve their philanthropic goals, it can provide you with a source of income during…
There was a recent Wall Street Journal article about a new bipartisan Senate bill being introduced that would give the Commodity Futures Trading Commission (CTFC) oversight of Bitcoin and other cryptocurrencies rather than the Securities and Exchange Commission (SEC). Personally,…
In 1970, Simon & Garfunkel’s “Bridge Over Troubled Water” topped Billboard’s Hot 100 chart. 52 years later, many investors are weary as portfolios are feeling small following the worst first half year for U.S. stocks since 1970. This year, the…
On July 9th, 1997 the Delaware Qualified Disposition Act was enacted. This Act was created to provide asset protection for self-settled Trusts created through Delaware law. A self-settled Trust is a Trust where the person who created and funded the…
One of the biggest concerns of wealthy families is when and how to tell beneficiaries – typically children – about the wealth and what it represents. Many families feel that children or even younger generations are not ready to comprehend…
As inflation measures reached their highest levels in 40 years and with US GDP growing at an annualized 6.9% for 2021, the Federal Reserve finally began raising rates in March, and FOMC members have intimated an aggressive tightening plan with…
An irrevocable Trust is created based on the initial intent and desire of the Grantor who created the Trust. As time passes the initial purpose or circumstances concerning the Trust may have changed. This is where a Trust modification could…
The largest military conflict and refugee crisis in Europe since World War II has now been entered into the history books. On February 24, 2022, Russia invaded Ukraine causing over three million Ukrainians to flee their homes and many innocent…
“We don’t make mistakes, just happy accidents.” – Bob Ross I recently watched the Netflix Documentary, Bob Ross: Happy Accidents, Betrayal and Greed. I remember watching The Joy of Painting when I was a kid. He was such a joyful…