Managing generational wealth – are you prepared?

We all love that family heirloom we inherited or the second home we finally purchased after decades of hard work. But physical assets are not just symbols of beauty or achievement. For many individuals and families, they serve as protection from loss during financial crises or frivolous lawsuits. Empower yourself with digital asset management software. Physical assets can also help grow your wealth. Just ask any savvy art collector who knows the perfect time to buy or sell a particular painting or sculpture. Real estate investments can do your work for you, bringing in regular income while you are busy running your company, dreaming up your next enterprise, or simply relaxing with your family. Finally, they are also an excellent way to preserve wealth for future generations. This has historically been a challenge for wealthy and middle class families…

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Due Diligence: Great Ways to Complicate What’s Easy

Few things are easier than looking the other way and doing absolutely nothing. If you’re an estate manager, you don’t get that luxury. Ever. This is true with due diligence. Since you always have to do something, you’re lucky that finding what’s out there on a person of interest has never been easier. Or more difficult. [Wait, what?] Never quicker to look into, say, your pool guy… But it’s never required more time. Cheap, but expensive. So easy, yet complex. You get the idea. The nature of access to nearly all types of information has fundamentally changed in the last 20 years. Remember looking up topics in your local library’s card catalog, searching for and checking out books, and photocopying and transcribing passages you needed? Hopefully you’re too young for that. If not, don’t mention it to kids: They…

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