The word “portfolio” has many meanings, and it can be applied to a person’s estate planning choices. If you don’t have estate planning essentials in your name, now is the moment to invest in the careful collection and naming of your assets and personal directives. Now is the time to build a new portfolio. Common … Read more
What constitutes a gift to charity? A gift to charity is simply a gratuitous transfer of property to a charitable organization. The key is that your gift must be some kind of property–your time or personal services do not count. There are several different types of property that can be donated to charity, and a … Read more
A new landmark Merger has occurred. Partners at UK Magic Circle firm Allen & Overy (A&O) and New York’s Shearman & Sterling have voted through a landmark merger deal to create a transatlantic law firm with revenue of around $3.5bn, housing 3,950 lawyers across 48 offices. A partner vote on the planned merger began in … Read more
Estate planning can be as complex or simple as a person wants. When you hold significant financial assets, it’s essential to outline your wishes clearly in your will. Establishing a living trust, also known as a revocable trust, and funding it with specific assets makes it easier to hold and protect these assets during your … Read more
Financial experts use a variety of fee structures when charging clients for financial planning services. Knowing the services and time commitment that are important to you and knowing what’s available from each unique professional or group is necessary, so you are fully aware of your compensation obligations. You might be surprised about some of the … Read more
When the Federal Reserve raises its benchmark federal funds rate, there are a number of ways it could affect you as a consumer and investor. What is the federal funds rate? The federal funds rate is the interest rate at which banks lend funds to each other overnight to maintain legally required reserves. It applies … Read more
With artificial intelligence (AI) taking on an increasingly prominent role in the creative industries, intellectual property attorneys who work with creative clients are monitoring the slowly developing body of legal guidance regarding AI and adapting their practices to match. Still, challenges abound. We recently spoke with Emily Poler, founding partner at New York City litigation … Read more
Everyone experiences major life changes. Some are planned, others are a surprise, but no matter what happens and when, these large shifts can absolutely alter your financial present and future. Financial planning with a dedicated financial advisor ensures that you are ready to handle change as it comes your way and still maintain financial security. … Read more
There are multiple reasons physicians consider going into private practice. Everyone has their own story of why, but when making a life-altering decision you must think of all the aspects of the business. The first step is to decide what type of medical practice you want to operate. The responsibility of the practice differentiates depending … Read more
A charitable lead trust can be a great way for an individual to leverage his or her generosity, producing tax savings that can be used to provide greater benefits to both the individual’s favorite charity and his or her own family. The tax savings are generated because of the way donation values are calculated and … Read more
No matter what type of company you own – from a flower store to a coffee house, a graphic design firm to an importer, a retail clothing store to a smoothie shop – part of your business plan should be securing the ongoing support of a financial advisor. Business owners and executives need another voice … Read more
Whether you have a prenuptial agreement in place or not, whether your divorce is amicable or not, you are no longer part of a pair. You’re flying solo, for now, and that means the joint money decisions you used to make must be altered to suit a newly single lifestyle. Working with a financial advisor … Read more
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