Read more about the article EstateSpace is providing clarity for principals & estate managers with complete visibility.

EstateSpace is providing clarity for principals & estate managers with complete visibility.

There are several financial and personal benefits to owning multiple properties, not the least of which is feeling like you are at home when travelling to your favorite spots. Another great pleasure is being able create that feeling of home for visiting friends and relatives. Whether you are in town or not, you always make it a point to have your house stocked with their favorite foods, choose the bedrooms in which they will be most comfortable and make your household staff aware of any other particular needs they may have.  In the days leading up to their arrival, you often find yourself making several phone calls to your estate managers to ensure that every detail is accounted for. Given your busy schedule, and theirs, this can become inconvenient, particularly if the home is in a different time zone.…

Continue ReadingEstateSpace is providing clarity for principals & estate managers with complete visibility.
Read more about the article Embracing the need for digital transformation of asset management for families & individuals.

Embracing the need for digital transformation of asset management for families & individuals.

As we rang in 2020, few could have predicted the upheaval and chaos that would soon erupt throughout the world. Many of us are feeling the effects of prolonged fear over our own health and that of those close to us. Not to mention the stress of economic uncertainty. There are some, however, who believe that within this crisis are unprecedented opportunities to uplevel the way we live, interact with each other, and do business. In order to do so, we must build what our partners at Red Five refer to as “community resiliency,” which they contend is based on five core pillars.                       Mindset: as mentioned above, there are many innovators with the forward-thinking perspective needed to create the “new normal” we would like to see in the world. Skills: The speed and innovation with which people and…

Continue ReadingEmbracing the need for digital transformation of asset management for families & individuals.
Read more about the article How does technology help your physical assets like art collections?

How does technology help your physical assets like art collections?

For some, collecting art is a passion; for others it’s an investment or a combination of the two. Still others inherit their artwork and see it as a sentimental treasure or a physical asset they can’t wait to sell. However you came upon your artwork or what you plan to do with it. Understanding and maintaining its value is a key piece of your financial health. As with all physical assets, the first step is to take stock of what artwork you have and what it’s worth. The goal is to safeguard this information on a digital tool, but you can start with a spreadsheet or handwritten binder so long as everything is legible and organized. The file for each piece should include: Purchase date and seller information, as well as the current value (Artwork should be appraised every…

Continue ReadingHow does technology help your physical assets like art collections?