Archives
Getting Help – Resolving household staffing woes.
01/05/2022Many wealthy families hire help, be it a personal assistant, estate manager, or nanny, to name a few. While having assistance can be a blessing, it also brings complexities that can seem overwhelming. Without the proper education and direction, some may be left in unhappy situations, feeling they created rather than eliminated headaches. Please see disclosures at the end of this brief.
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Seeking New Clarity – Simplifying and improving an existing financial plan.
01/05/2022Nearly 80, a widowed client sought a clearer picture of her investments and future estate. She had been an active investor for many years, but wanted to ensure that she was optimizing her investments and estate plans as well as minimizing future taxes. Please see disclosures at the end of this brief.
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Compounding Difficulty – Keeping shared property a blessing.
01/03/2022Wealthy families often own shared properties in the form of a family compound, intended to be a platform for family gatherings and cohesion. One client family found that, over time, expectations for how such a compound would be used and managed began to change. Significant dissension developed over how to allocate access between family members, manage repairs and upkeep, and, eventually, allow family members to remove themselves entirely. Please see disclosures at the end of this brief.
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