Many of us place our most treasured or valuable items in a safe deposit box. After all, what more secure location could there be for our treasures than inside a locked box, stored inside the vault of a bank?
As we talk with clients about estate planning matters, we often hear that the clients’ first priority is to build a secure financial foundation that will support their children for years to come. That is certainly a key goal for most people. But what we hear much less often is a carefully considered plan for making that long-term security a reality.
“Married, with children” isn’t an automatic combination anymore. In fact, even well-to-do persons in long-term, stable marriages—including celebrities like Christopher Walken, Jay Leno, Dolly Parton, and everyone’s favorite Golden Girl, Betty White—have stated publicly that they have never felt the compulsion to bring children into the world.
Do well by doing good
A growing number of individuals and families want to use some of their wealth to support the causes and organizations they care about most.