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Articles tagged with: Wealth Management

Securing a Financial Future for Your Second Marriage

A Checklist to Help You Start This New Chapter on Firm Financial Footing

21 July 2021

Securing a Financial Future for Your Second Marriage

Who doesn't love second chances? Second marriages often bring with them a renewed optimism for the future. After all, you're getting a second chance at “happily ever after.” The best part is that now you have the benefit of more life experience and wisdom.

On the other hand, you're likely to have a significantly more complex financial life than you did going into your first marriage. This means you and your partner must be thoughtful and savvy about how you will manage your finances.

The following seven steps can help you cover your bases and ensure you remain on firm financial footing as you enter this new phase of life together.

Five Steps Single Parents Should Take to Safeguard Their Family’s Financial Future

Build a Strong Financial Foundation Following these Savvy Strategies

21 July 2021

Five Steps Single Parents Should Take to Safeguard Their Family’s Financial Future

In a two-parent household, raising children can be quite the task. Raising children as a single parent brings additional challenges, stressors, and responsibilities – many of which are financial.

Though financially stressful, it’s important to remember that it’s possible to raise a child on your own and have a stable financial life. It merely requires discipline and planning. So, if you’re a single parent and feeling a bit overwhelmed, use these steps as a guide to help you achieve financial security.

8 Tips for Teaching Teens Money Management

Empower Your Kids with the Tools They Need to Achieve Future Success

21 July 2021

8 Tips for Teaching Teens Money Management

It seems like yesterday that my daughter, Nina, turned one year old and was an adorable, chubby little girl. Now, she’s a beautiful 15-year-old teen who loves reading, skiing, tennis, travel, choir, and piano. As a parent, I feel the urgency to teach her essential life skills before she goes off to college, especially around financial literacy and money management, which are critical for her success and happiness.

So, this blog post is written for her and the teens in your life. Be sure to share it with them.

Should You Consider a Spousal Lifetime Access Trust (SLAT)?

13 July 2021

Should You Consider a Spousal Lifetime Access Trust (SLAT)?

With anticipating changes in tax laws happening next year, it's time to review your estate plan to ensure it will continue to achieve your goals by minimizing estate taxes. 

The federal government currently imposes a gift tax on lifetime gifts and an estate tax on transfers on death.  A properly structured estate plan can reduce taxes by taking full advantage of the available tax exemptions, specifically the gift and estate tax "unified credit".  The unified credit permits every individual to transfer a specific amount of assets (an "exemption") tax-free either during their lifetime or at death. 

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