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Our clients are accustomed to hearing us remind them of the importance of estate planning: having properly designed wills or trusts; keeping their beneficiary designations up to date; periodically reviewing all estate planning documents to be sure they remain current; and everything else that goes along with having and maintaining a solid estate plan. Tags:

• Estate Planning
• Wealth Transfer

The self-made Super Rich—people with a net worth of at least $500 million that they built through their own hard work—often possess a treasure trove of knowledge, insights and actionable strategies that the rest of us can adopt in our own lives to enhance our success.

In our work with family stewards, some of the most ticklish questions come up around the topic of governance.

Readers of this column have often seen us explain in various ways how difficult it is for any investor to time the market—“buy low and sell high”—on any kind of consistent basis. In fact, we typically warn investors of the long-term dangers to portfolio performance of making any serious investment decision on the basis of market timing.

A friend of mine tells the story of his brother-in-law, who worked at Wal-Mart Store #7, which opened when the current retail giant was still a small regional discount store that few had ever heard of.

In Mexico and other Spanish-speaking countries, the beginning of November marks the Dia de los Muertos, “the Day of the Dead.” This is a time when families remember their departed loved ones at special church services, by decorating their gravesites, by singing and telling stories, and with special foods and other observations.

Life insurance can be an extremely important, even essential, part of your financial plan. One of its most attractive aspects for many individuals and families is the death benefit of the policy—the money that the insurance company pays out in the event of the insured’s death. 

The Tax Cuts and Jobs Act of 2017 created a new way for affluent investors to do well by doing good: Qualified Opportunity Funds (QOFs). These funds, which invest in identified “opportunity zones”—distressed or underprivileged communities that have been targeted for economic development—offer some major tax advantages for suitable investors.

For most of us these days, hardly an hour goes by without interacting in some way with Google, Facebook, or one of the other “Big Data” companies. Their search engines place a world of information at our fingertips, even if we must exercise careful judgment about its accuracy.

During the summer of 2018, I had the privilege of achieving a long-anticipated goal: walking the Camino de Santiago—the Way of Saint James—in Spain. One of the many interesting things about the Camino is that, despite the name, it isn’t really a single road.