Smart Strategies for Financial Security When you think about receiving an inheritance, you likely imagine financial freedom. However, research shows that many people spend their inheritance quickly, often with little to show for it. One study found that a significant number of Americans see no long-term benefit after receiving their inheritance. Baby boomers, in particular, have been known to spend …
Lifestyle Creep: How to Avoid the Biggest Threat to Your First Million What do your bank account, trading account, and retirement account have in common? The numbers are never as high as you thought they were. If you’re making decent money but still find your future funds falling short, there could be a simple solution. Let’s take a look at …
The Many Benefits of Having Equity in the Company Business is slowing down, and you don’t have the resources to shake things up. New talent, more customers, new markets—it all takes cash on hand. How can you use what you’ve got to restart the engines? The answer? Equity. Let’s explore the different types of shares and the benefits of having …
As the notorious artist warned us, more money always brings more problems. This is particularly true when making an estate plan. After all, who will inherit your wealth, business interests, investments, homes—everything it has taken you a lifetime to build? Here’s your chance to learn the most common pitfalls and how to avoid them straight from a high-net-worth estate planning …
Secure Their Future Now: ScholarShield As college students embark on an exciting new chapter, it’s easy to overlook the importance of estate planning. While it may seem like a concern for older adults, having an estate plan in place is crucial for students as they step into adulthood. Once your child (or grandchild) turns 18, you will no longer be …
Gen Z Estate Plans: This Isn’t Your Grandpa’s Will This probably isn’t the first time you’ve been advised to make an estate plan. In fact, most people agree that making a will is extremely important—only to admit they haven’t made one in the next breath. When it comes to walking the walk, one demographic is quickly pulling ahead of the …
College Trust Fund vs 529 Plan: What Parents Need to Know It’s a privilege to pay for your child’s education, but let’s face it: it’s also a headache. Whether you’re planning to pay the bills as they come in or have been saving since their first birthday, you’ll likely be paying more than just tuition before you see a diploma. …
Family Limited Partnership Vs Trust: Which is Better for Your Assets? Estate planning is a complicated process when you have a family business. Your heirs aren’t ready to take over the reins just yet, but you need to prepare them for the complex roles you perform every day. Fortunately, you have options when it comes to passing on your family …
A Guide to Paying Final Expenses After the Death of a Family Member Paying expenses after death can place significant financial stress on grieving families. Without prepaid funeral services or payable-on-death funds, your personal representative might have to dip into their own savings to cover the costs—at least until probate clears. Unfortunately, many family members are unprepared for the high …
Entrepreneur’s Guide to Starting a Small Business in South Florida One of the most frequently asked questions we get, indeed almost daily, is about starting a business in South Florida. How is it different? What are the steps I need to take? How do I even begin? So, we decided to write an Entrepreneur’s Guide to Starting a Business in …
