- Look at everything from an overall portfolio perspective.
- Understand the importance of asset allocation.
- Calculate investment performance.
- Define a time horizon when making a purchase.
- Save more every year.
- Focus only on what you control.
- Delay gratification.
On the death of your spouse or a loved one or friend you may find that you have been named as the Executor (or Executrix) of a Will. The Executor could also be a trusted friend or an advisor or even a trust company. If the deceased did not have a Will or the Will did not name an Executor then the Surrogate or Probate Court will have to be approached and the court will appoint an appropriate person as the representative. This person is called the Administrator and fulfills the same role as the Executor.
Written on January 17, 2014 – 5:18 am | by Elaine Blades
I recently had the pleasure of participating in a national speaking tour – Living longer, living better – along with Patty Randall. The tour was hosted by HollisWealth to help celebrate its new identity.
Here’s the tax secret: Income layering of all your income sources in retirement can help you get a better after-tax result, and help you preserve your capital for the future, too.
To everything there is a season, and for many, understanding the tax consequences of death on personal and family net worth is a crowning achievement that allows for a powerful wealth transition. This type of preparedness, unfortunately, is rare.