Updates

Feuding heirs

“I sincerely ask that all beneficiaries are sensible and do not argue.” This wish, expressed by Australian coal-mining billionaire Ken Talbot in his will, has gone unfulfilled. Talbot’s will was drafted in 2002, when his fortune was estimated at $130 million. At his death in an airplane accident in the Congo in 2010, his wealth […]

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Security and Securities in an Insecure World

One of the greatest investors, economists and educators of all time began his lecture, Securities in an Insecure World, with the following statement: In the field of financial security, as limited to the problems of investment policy, I would say there are three kinds of threats or dangers that investors should recognize as possibly existing […]

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Developing a strategy for retirement

Even if you are several years away from retirement, it’s not too early to start gathering facts, weighing choices and mapping out your tax and investment strategy. Here are several suggestions that should help you organize your planning. Be aware of the Social Security and Medicare benefits that you will receive. You can receive a […]

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Second Quarter Wrap Up

Of the 420 S&P 500 companies which have reported Q2 earnings to date, 60% have reported revenues above analyst expectations and 73% have reported earnings above expectations. Earnings for the S&P 500 are on track to increase by 12.0% from the second quarter of 2016. The first estimate of Q2 GDP was a better than […]

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Change Is the Only Constant In Life

To paraphrase Benjamin Franklin, by failing to plan, you are planning to fail. Your vision of life for you, your family, your friends and community has many facets. Education, health, work, wealth and charity are examples of personal planning issues which require planning. Change is constant and as a result your vision will adjust to […]

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Building a dynamic estate plan

An estate plan—and the will, that can be one of its key components—should be dynamic, not static. As changes occur in your life, they need to be reflected in your estate plan. Are you the same person that you were when you made out your last will? Literally, yes; figuratively, probably not—unless you’ve reviewed your […]

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Choose a Professional

You do not have to look very far to get financial planning and investment advice. In fact, you do not even have to be looking. Television, newspapers, friends, family members and people claiming to be financial professionals provide a steady flow of free, unsolicited financial advice. A financial advisor who urges you to act on […]

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How to choose an investment advisor

Finding a reliable source for investment advice always has been a challenge. It’s especially difficult in today’s investment environment. There’s no shortage of places to turn to for advice. The shelves at bookstores are filled with works from “experts” offering their perspectives as to how, where and when to invest. The Internet and the financial […]

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Intuitive or Analytical

A kid, coming out of the store you are walking into, announces she just bought a candy bar and a stick of gum for $1.10; the candy bar costs $1.00 more than the piece of gum. Question:  How much did the gum cost? We are called on to perform quick calculations and make snap decisions […]

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Special needs trusts

Dear Trust Officer: I have a child with autism, and I’m thinking about the child’s financial future. I’ve heard about special needs trusts, which can provide for financial support without jeopardizing public benefits.  What is the difference between a first-party special needs trust and a third-party special needs trust? —Caring Parent Dear Caring: A “first-party” […]

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