Read more about the article 5 Simple Changes That Will Make a Big Difference with Your Estate Management

5 Simple Changes That Will Make a Big Difference with Your Estate Management

In some ways, managing one’s estate is a lot like managing anything else life  – some people will be tempted to oversee every detail (i.e. checking in with their household staff several times a day regarding everything from mundane tasks to the preparations for a dinner party), while others may all but abdicate their role as principal and rely too heavily on their financial advisors. (Still others do both!)  The first robs you of valuable time (and likely causes a lot of aggravation for you and those in your employ), and the second robs you of knowledge and therefore agency over your holdings.  The key is to strike a balance that allows you to enjoy your wealth in the now while maintaining and growing it for the future.  If you are already seeing all the moving parts dancing in…

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Read more about the article Managing multiple properties & weather season creates a need for complete visibility with all your physical assets.

Managing multiple properties & weather season creates a need for complete visibility with all your physical assets.

You can’t believe it’s happening again. It seems like yesterday when you purchased your second home – a modern masterpiece just a few hundred yards from the beach in Sag Harbor – only to have it nearly levelled by Superstorm Sandy. The floor-to-ceiling windows that sold you on the property were shattered, and the recently renovated great room was under several feet of water. Outside, magnificent Linden trees, some hundreds of years old, had been felled by gale-force winds and were waiting to be carted away. The aftermath of the storm was one of the most stressful times in your life. It was bad enough having to throw out the furnishings you and your spouse had chosen with such care and excitement; losing the eclectic collection of artwork and other items, most of which had been inherited from your…

Continue ReadingManaging multiple properties & weather season creates a need for complete visibility with all your physical assets.
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.