Understanding Florida’s laws regarding the descent and devise of “homestead” property can be difficult for even the most experienced estate planning practitioners, and this quagmire has become even more complicated by recent case law....More
In a unanimous opinion issued on March 26, 2015, the Nevada Supreme ruled in the case of Bullion Monarch Mining, Inc. v. Barrick Goldstrike Mines, Inc., that the 365-year perpetuities law is the law in Nevada....More
As advisors, your business depends on guiding individuals and families in crafting a financial plan. It’s alarming, then, to realize that most families don’t have one. Even worse, many may not even know what you're talking about.
The vast majority of WealthManagement.com readers are either unfamiliar with life settlements, or are familiar with them but have never recommended them to clients. Many advisors associate life settlements with either an option for the terminally ill, or with unethical activities such as a stranger-originated life insurance (STOLI)....More
Many financial advisors focus on the key baby boomer segment that is approaching retirement. With one of the largest transfers of wealth in history expected to occur over the coming decades and technology playing a larger economic role, successful advisors are looking for ways to work with younger investors....More
Many small business owners want to plan for their company’s long-term future and their own retirement. In the past, addressing a small business owner’s retirement and buy-sell needs often meant proposing two independent solutions....More