Expert Articles
How Much Should I Leave the Kids? A Guide for the Gifting Process
When it’s time to consider passing along wealth to your children – and future generations – two key questions arise: How much can you leave the kids? And, how much should you leave the kids? Here’s a helpful guide for determining answers to both questions.
Read More »Health & Your Finances: Planning for a Declining Health Situation
It’s not easy to talk about the deterioration of your health, or what you’ll do at the end of your life, which leads many to avoid the conversation altogether. However, that means critical planning is also being avoided. Here are some steps you can take that will make the process more comfortable to start and easier to manage.
Read More »Selecting the Trust That’s Right for You
There are many financial situations that can warrant the establishment of a trust, yet many are hesitant to do so due in part to a lack of understanding of how trusts work. Financial Planning Coordinator, Jana Hovey, explains the types of trusts that are available and how to choose between them based on your circumstances.
Read More »5 Things Retiring Business Owners Should Consider in the Wake of Covid-19
In this post, Richard P. Slaughter Associates Executive Vice President, Wealth Management and Business Strategy, Darby Armont examines the impacts of Covid-19 on business and offers advice for business owners who were planning to sell when Covid hit.
Read More »The Special Plan That Saves Taxes on Retirement Plan Concentrated Stock Positions
Sometimes, people find themselves holding large amounts of employer stock in their company retirement plans through either a 401(k) or an ESOP. While taxes are not owed while the stock is in the plan, many people in this situation don’t realize that there is a strategy that allows such taxes to be paid at the preferential capital gains rate. It’s called the Net Unrealized Appreciation tax treatment, and here’s how it works.
Read More »Potential Tax Law Changes That May Impact Estate Planning
2021 will be an important year for many to re-examine their estate plans. With a new administration in the White House, many of the favorable estate planning laws in existence today are now under scrutiny and changes have been proposed. Courtesy of a chart originated by DuBois, Bryant & Campbell, here’s a breakdown of the laws being challenged, proposed changes, and potential actions some may wish to consider.
Read More »Starting and Benefitting from Private Foundations and Trusts
Many people associate private foundations and trusts with either being for the ultra-wealthy or simply too complicated. Certainly, there are sizeable starting points and complexities but there are ways to make each more achievable than many people imagine. And, depending upon your charitable-giving goals, the added benefits and flexibilities these options provide could make them worth your while.
Read More »Stock Trading in a Social Media World
By now, you have likely heard about the unusual activity in the stock market relating to GameStop, Robinhood, and the small group of investors looking to exact revenge on large institutional traders and hedge funds. It certainly caused a stir but is there any reason for real concern that it could significantly impact future investments?
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