I want to share with you the kind of conversation I have with people far too often. Me: “You have completed your estate planning, correct?” Too Many People: “Yes, I have a Trust.” Me: “Are any assets actually in your Trust?” Too Many People: “I have a […]
There’s a lot to consider when making charitable donations. Of course, you want to maximize the positive impact to the charity, however, it’s also important to make sure you’re proceeding in a way that makes the most sense for you, your family, and your situation. You may want a vehicle that emphasizes immediate donor tax […]
For many investors, legacy preservation, wealth transfer and philanthropic giving are among the key objectives of their long-term financial plans. If an investor is seeking to provide a consistent annual donation to a specific charitable organization for a period of time and help minimize estate taxes for their heirs; a Charitable Lead Trust (CLT) can […]
When is the last time you reviewed the beneficiaries on your brokerage accounts, bank accounts, work retirement plans, annuities, and life insurance? Improper beneficiary designations and failure to list beneficiaries create hardship for your family. They will need to hire an attorney and rely on the probate process to ensure those assets are distributed […]
You’ve taken the leap and you have worked with an attorney to get your Estate Planning Documents in place – Trust, Will, Durable Power of Attorney (DPOA), Medical Power of Attorney (MPOA). You’ve funded your Estate Plan by transferring the assets your attorney told you to. You’ve done your due diligence and had a check-up […]
Many of you already have estate planning documents, but how many years ago did you have them completed? You should have an estate planning attorney look over your documents every 5 years, when major changes to the law take place regarding estate and gift tax, or when you have a major life changing event like […]
St. Louisans, have you picked up the latest issue of Town & Style? Check out the “Assets & Answers” column, featuring advice by HighTower St. Louis Wealth Advisor, Jennifer Belmont Jennings JD, on discussing finances with your children. HighTower St. Louis Wealth Advisors serves many multi-generational families, and we place great value on educating the […]
This past month we lost two great Americans: Aretha Franklin and John McCain. In the days surrounding their death we saw two very different scenarios play out. In the case of McCain we saw he had discussed his wants and needs. McCain made the arrangements for his death and his observances. He controlled how […]
A new Missouri law went into effect on June 1, 2018 defining how a fiduciary may be granted access to electronic records and digital assets. Illinois has a similar law already in effect. We can’t explain it any better than one of our attorney partners, Jennifer Davis with Greensfelder, did in this recent article in […]
When children reach the age of majority (18 in most states), the control that parents have over financial and healthcare decisions ends. What happens if there is an emergency and your child cannot act on their own behalf to make medical or financial decisions? If you have children nearing age 18, now is the time […]
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