by Advats | Dec 13, 2023 | Wealth Management
Understanding Trust Funds A trust fund is considered a legal institution that maintains property or assets for a person or organization as part of estate planning. Trust funds can contain money, real estate, stocks, bonds, a business, or various properties or assets....
by Advats | Aug 31, 2023 | Wealth Management
Dealing with an Inherited Business Every family business owner should make a comprehensive succession plan and have it reviewed by a skilled legal, accounting, and banking team to ensure everything is in place for a seamless transfer to the next generation. However,...
by Advats | Apr 11, 2023 | Wealth Management
Estate Planning 2023 Checklist Planning your estate prepares you for traumatic situations like death and disability. Planning can help you avoid unpleasant scenarios, even if thinking about them is never fun. With a well-designed estate plan, you and your family may...
by Advats | Nov 1, 2022 | Wealth Management
Most people don’t see calculating their net worth as particularly important. As long as you know you can pay your bills, you may not be concerned about how much you’re deemed to be worth in terms of financial planning. However, knowing your net worth is...
by Advats | Jun 30, 2022 | Wealth Management
Financial assets you pass down from one generation to the next include money, investments, real estate, or anything else with a monetary value. The equation also considers intangibles like habits, values, and financial education. Any family asset that is passed down...
by Advats | Jun 13, 2022 | Wealth Management
A substantial inheritance can be both a blessing and a curse: a blessing because the money may come in handy eventually, and a curse because it imposes a specific obligation on the recipient to utilize it properly rather than squander it. If mismanaged, your...
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