Category Archives for "Financial Estate Planning"

Jul 06

Donate Appreciated Assets to Charity Instead of Selling Outright For Tax and Income Benefits Using a Charitable Remainder Trust

By Beverly Davidek

If you have highly appreciated assets like stock and real estate you want to sell, it may make sense to use a charitable remainder trust (CRT) to avoid income and estate taxes—all while creating a lifetime income stream for yourself or your family AND supporting your favorite charity.   A CRT is a “split-interest” trust, meaning […]

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Jun 01

Safeguard Your Cryptocurrency Assets With Estate Planning

By Beverly Davidek

One of the biggest appeals of cryptocurrency, like Bitcoin, is that it is decentralized, unregulated, and anonymous. There are no financial institutions controlling it, and unless you tell someone you own digital currency, it remains a secret. When it comes to estate planning, however, that kind of secrecy can be disastrous. In fact, without the […]

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Apr 06

How and When to Talk to Your Children About Money

By Beverly Davidek

Whether you consider yourself wealthy or not, you need to think about how (and when) you’ll talk with your children about money, whether they’re little kids, tweens, teens, or already adults.  The Wall Street Journal article “The Best Way for Wealthy Parents to Talk to Children About Family Money” offers guidelines for how and when […]

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Mar 09

Choosing the Right Life Insurance Policy

By Beverly Davidek

How do you choose a life insurance policy? While purchasing life insurance may seem pretty straightforward, it’s actually quite complex, especially with so many different types available.In order to offer some clarity on the different types of policies out there, we’ve broken down the most popular kinds of life insurance here and discussed the pros […]

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Jan 12

From Billions to Bust: How the Stroh Family Fortune Was Lost

By Beverly Davidek

In 1988, Stroh’s Beer was one of America’s most impressive family fortunes, estimated by Forbes to be worth $9 billion in today’s dollars. Just two decades later, however, the massive beer empire, along with all of the family’s wealth, would disappear. Poor business decisions and bad investments were the primary cause of the company’s downfall. But […]

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