Wealth Planning

The Hershey School Trust recently tried to sell a controlling interest in Hershey Foods, the largest chocolate maker in the United States. The initiative ignited very vocal public protest and rapid-fire state court litigation that attracted a huge...

An old Greek proverb warns that you shouldn't speak of rope in the house of a man who has just been hanged, but if rope is your stock in trade, what can you do? While your clients may not be as happy to discuss their 401(k)s now as they were back...

Within 15 minutes of my daughter Ellie's birth, I not only opened an UTMA investment account for her; I also planned out where she would attend college and what she would do when she grew up. Judging by her high-pitched wailing, I figured either a...

During a recent radio address, President Bush said he supported the Retirement Security Advice Act, H.R. 2269, which recently passed the House. The act would allow financial institutions to provide personalized investment advice to plan...

Every broker has heard a story like this one. Recently, Tom Mingone, a financial planner in New City, N.Y., got a call from a new prospect. The man, a successful entrepreneur in his late 40s, had sold his sanitation business for $1 million and...

You know him: The Trust-Fund Brat the party-hearty, layabout rich kid who never made a dime in his life and scoffs at the word The type of guy that might be inclined to ditch his dorm room and blow the endowment on Porsche, Prada and Paris. The...

Merrill to Reps: Go Get 401(k) Business

When a spouse dies, the law is completely clear. In the U.S., even without a will, the widow or widower automatically gets the assets. Being married is like taking the car pool lane, says Frederick Hertz, an attorney in Oakland, Calif., and author...