Read more about the article Revolutionizing Estate Management with Technology

Revolutionizing Estate Management with Technology

It’s safe to say that if you’re managing a large estate, your client and their family are extremely busy people who do not have the time or energy to devote to running their home. In addition to juggling work and school schedules, they may also entertain regularly – holding large dinner parties, business events and fundraisers – and travel quite a bit, often on short notice. They need assistance with all of it, and even if they have other people working for them much of the responsibility falls on your shoulders; this, in addition to managing the rest of the household staff. Upgrading your technology, for example, with an all-in-one solution, can revolutionize the way you do your job along with improving estate management and make your life, as well as those of your clients, much smoother. If you’ve…

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Read more about the article Benefits Of Digitally Transforming Estate Management.

Benefits Of Digitally Transforming Estate Management.

If you’re like many people, you want to take more control of your estate management, rather than solely relying on professionals. To do so, however, requires more than learning about stock portfolios and trusts; you must also have an understanding of the true value of your physical holdings – from homes, boats and other “big ticket” items to long-forgotten trinkets in the attic or basement. You may find junk there, you may discover a priceless family heirloom; either way, you will gain the most important tool in your financial arsenal: knowledge. Digital tools empower you to utilize that knowledge, not just for more financial security but a more streamlined lifestyle as well.   If you’re already feeling overwhelmed at the thought, know this: taking that initial inventory is, by far, the most arduous step in the process. Once you…

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Read more about the article Preserving Your Legacy & Your Relationship with Your Children

Preserving Your Legacy & Your Relationship with Your Children

Ask anyone about their financial goals and they will likely tell you that family security tops the list. It stands to reason, then, that HNW individuals have nothing to worry about. Unfortunately, this is far from true, especially if your definition of “security” includes the bond among your children.  In fact, according to this twenty-year study, seventy percent of estate plans for well-to-do families “fail,” meaning they result in financial losses and the breakdown of relationships among the heirs. Here are some tips to keep your family intact while staying true to your vision, while preserving your legacy. Respect Their Autonomy. For better or worse, you had your chance to raise your children. Conditioning their inheritance upon specific life choices (i.e. that they get married or join the family business) puts them in the terrible position of having to…

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