Should You Use a Private Wealth Management Firm or a Family Office?

Should You Use a Private Wealth Management Firm or a Family Office

Are you a high-net-worth individual, or one who is responsible for making financial decisions for a high-net-worth family? Are you searching for an all-in-one financial advisory “solution” for financial planning to preserve and build your wealth along with the execution of that solution (not just a financial “plan” alone)? If you have answered yes to these questions, then this article is for you.

For most, the best solution may be found by engaging a private wealth management firm along with trusted specialist referrals as necessary. For some individuals and families, greater intergenerational wealth and planned business transitions lead to increased financial complexities which require more personalization. These individuals and/or families may benefit from a singularly committed family office.

But what differentiates a “Private Wealth Management Firm” from a “Family Office” and which is best for your financial circumstances? Read this article to learn more.

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Life-Changing Events that May Mean It’s Time to Update Your Will

Drafting a will is an essential step of any estate plan. But creating a will is not a one-time event. When should you update your will?

While the length of time between each update may vary, there are several life-changing events that may indicate it’s time to update your will. This article lists some of these events.

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5 Reasons to Get Your Will Done Today

Making a will is your opportunity to protect your hard-earned assets and your legacy. Delaying the opportunity to draw up a will can affect the future of your loved ones.

A will, also known as a last will and testament, is a legal document that outlines your intentions for the distribution of your assets in the event of your passing. Additionally, a will enables you to appoint guardians for minor children. While personal situations vary, here are five reasons to get your will done today.

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Why is a Digital Legacy Important to Your Estate Plan?

You probably think your current estate plan covers all your assets, from real estate or a business to investment accounts, and therefore protects your loved ones and the assets you’ve worked hard to accumulate—but what about your digital assets? In this article, we discuss the definition of digital assets, give examples of what they encompass, and explain why planning for a digital legacy may be an important update to your estate plan.

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