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Barry Bonds, the San Francisco Giants slugger, has never liked losing. When he married his Swedish wife, Sun, he had her sign away all claims to his earnings and assets. The prenuptial contract was in English, a language she didn't understand well...
The investment industry demands, by regulation, that an advisor a client before making any recommendations. But most firms make satisfying that requirement too easy. All a client need do is fill out an account-opening form and, maybe, answer a...
There are many reasons why husbands and wives might want to create trusts that allow their spouses to withdraw income or principal. The most obvious is that allowing access to a trust confers extra financial security on the spouse. But there's...
Consider this scenario: A client, decides to change his will by adding a new beneficiary; he asks his lawyer to draft a new document. The lawyer promises to do so, but delays. Then, before the lawyer draws up new papers, Robert dies. For the...
The military genius Sun Tzu said, Every battle is won before it is ever fought. I'm not sure how many kids Sun and the missus sent off to State U., but his wisdom is easily applied to the process of paying for college. The key to helping clients...
Since the early 1980s, the will for married people has changed very little, but beginning next year, couples will be well advised to revisit those estate documents. In 2005 a provision of the 2001 Tax Act kicks in, reforming the way federal and...
On April 30, 1990, the Securities and Exchange Commission implemented Rule 144A, which it viewed as the first step toward achieving a more liquid and efficient institutional resale market for unregistered securities.1 The rule enabled less-than...
Saving for college is simple if a financial advisor is possessed of a Kreskin-like ability to predict the future of the tax code, financial aid programs and investment returns while also correctly anticipating if, when and where a client's...
Tending to the financial needs of a family-owned small business is a complex affair, but it's not nearly as unique a task as it might seem at first blush. To be sure, the owners of these businesses have a number of concerns that set them apart...
