Monthly Archives: June 2014

Jerry Foster

NBC News recently reported that “Americans are giving more to charitable causes than ever before…Total giving by individuals, companies and foundations hit a record $335.17 billion last year, driven mainly by wealthy individuals, according to the annual report from Giving USA Foundation and the Indiana University Lilly Family School.” This is encouraging for a country that possesses a large portion of the world’s wealth. We are a nation tremendously...

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Is This You?

Industry data suggests we are nearing the largest generational transfer of wealth in our nation’s history. Somewhere in the range of $10-$12 trillion (that’s trillion with a “T”) will be changing hands among family, friends, charities and institutions over the next decade. The subsequent transfer of wealth for the following generation could be in the neighborhood of $30 trillion (an even bigger “T”) with resources leaving the baby...

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The latest issue of Investment News I pulled from my mailbox included the headline, “Clients Warily Turn to Stocks”.  Nothing new, same sad story of folks who have continued to avoid market exposure and thus significant growth and/or recovery in their portfolio.  What really caught my attention was the sub-headline:  “Unloved bull market has advisers thinking the time is right to put clients’ cash to work.”  What?  Talk about a...

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Too often, estate planning has been dominated by tax issues.  With the recently increased exemption amounts, fewer families will have to write a check to Uncle Sam upon the passing of a loved one.  However, challenges still exist that are not focused on mitigating taxes. Avoiding Probate.  Probate is the court-supervised process of transferring property from a decedent’s estate to the named heirs.  Much has been made of the...

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