Demystifying Trusts: What Can and Can’t You Do?

By Tuesday, April 21, 2015 Permalink 0

Many clients have initial reservations about setting up irrevocable trusts, even though there can often be significant income and estate tax benefits to doing so. The argument often is “I will have no more control and my wishes won’t be carried out. I won’t be able to use the advisors I want and my children or a corporate trustee will get to decide everything.” We recently sat down with David Warren, who is President of Bridgeford Trust Company, a South Dakota Trust Company, to debunk some of these myths and provide some solutions that can put our clients and many ...

Women Making A Difference; A Guide To Philanthropic Giving

By Friday, June 20, 2014 Permalink 0

Women give more to charity than men: it’s a fact. Research from Indiana University has found, amongst other things, that boomer and older women give 89% more to charity than their male counterparts. Why? Probably because according to that research, women are more focused on the impact of their giving and care more about their personal experience with the organization than men.   When given with thought, charitable donations can increase the benefits not only to the recipients, but also to you, your family and, yes, your finances. Think of such giving as akin to making an investment, and requiring some of ...

Women, Money, and the Next Generation: Where Do We Fit In?

As women in the wealth management field, we are passionate about empowering women in their financial lives and feel strongly that women are uniquely suited to lead the wealth transfer process in their families.  We are from different generations and in different stages of our lives. Between the two of us, and like many of you, we are mother, daughter, granddaughter, aunt, sister, friend, advisor, and confidant.  Like all women, we fill many different roles at different times in our lives and want to share with you some interesting facts you may not know about women.   Women are a powerful ...