When a person passes, someone must step in to manage financial details, settle obligations, and ensure the deceased person's wishes are honored. That someone is the executor of an estate, and it's...
Qualified Charitable Distribution From a 401(k): How It Really Works
If you hold a sizable 401(k) balance and give (or wish to give) regularly to charity, you may have heard that a qualified charitable distribution (QCD) can lower your tax bill while supporting the...
What Happens to a House in a Trust After Death?
Overview: What Happens to a House in a Trust When the Owner Dies? A revocable living trust becomes irrevocable upon the grantor's death. The successor trustee manages the trust after the grantor...
Finances in Divorce: Practical Guidance for Affluent Households
With Wealth Comes Complexity Divorce is a difficult process under any circumstances, but when a household holds considerable wealth, the financial considerations multiply. Households with complex...
Financial Advisors and Estate Planning: How Wealth Advisors Help You Protect Your Legacy
Understanding Your Estate Plan and Why It Matters An estate plan is the set of legal documents-wills, trusts, powers of attorney, and healthcare directives-that control what happens to your assets,...
What to Do When One Stock Is Most of Your Net Worth
Concentrated Stock Positions: What They Mean for Retirement and Estate Planning A concentrated stock position rarely arrives as a deliberate decision. It accumulates over time, and by the time...
What the One Big Beautiful Bill Act Means for Affluent Retirees
Quick Summary of the One Big Beautiful Bill Act for Affluent Households The One Big Beautiful Bill Act ("OBBBA") permanently extends many provisions from the 2017 Tax Cuts and Jobs Act that were set...
Gifting Business Ownership: A Practical Guide for Family Business Owners
Key Takeaways: Business gifting transfers ownership to the next generation without a traditional business sale, which is more likely to preserve culture and community impact The annual exclusion...
Wealth Management Q&As
Wealth Management is more than investment management. It considers the larger picture. While your investments are critical to your success throughout retirement, it is also important to understand how your taxes, finanical plan, estate, and insurance can affect both your overall situation. Do you know when you should begin collecting social security to maximize its benefit? Have you followed the necessary steps to help your assets pass efficiently to your heirs, avoiding probate? If 529 plans are applicable to you, have you considered 529 plan superfunding or how to maximize 529 plan tax advantages? Our wealth management Q&As consist of popular topics among our clients and are not limited to investment management.