A Primer on Managing Digital Assets in Your Estate Plan
In the digital world we live in, it’s extremely important to factor in your digital assets when planning how your estate will be distributed. When you’re in the estate planning process, you start taking stock of all of your assets and debts, figuring out where your property will land once you’re no longer around. In today’s digital-everything landscape, you also need to carefully consider your digital assets beyond your physical property. Digital...
An Introduction to the Risks and Rewards of Mutual Funds
Professionally managed, these funds are an easier way to diversify your portfolio. If you want to increase the diversity of your investments but don’t want to sift through mounds of individual stocks or bonds, then you may want to take a look at mutual funds. A mutual fund is an organization that uses funds from multiple investors and puts them into a collection of securities that include stocks, bonds, and other...
Asset Protection: Smart Strategies for Estate Planning
Careful estate planning that utilizes trusts and other tools ensures your assets are protected and passed according to your wishes. Estate planning requires thinking through what will happen to your assets once you’re gone. Without proper planning, your assets may not be protected, and your beneficiaries could have to deal with credits, mismanagement, or even lawsuits regarding your estate. Prioritize preserving your assets for future generations with nuanced estate planning strategies. This...
How the Costs and Benefits of College Affect Financial Plans
For many households, college decisions are a cause for celebration. However, college also represents one of the largest expenses and sources of financial stress in our lives, on par with retirement or buying a home. These feelings are only worsened by the current market environment as investors adjust to high interest rates and a less certain path of Fed rate cuts, more stubborn inflation, and stock market volatility. Naturally, these...
