WEALTH PLANNING STRATEGIES: WHY YOU NEED ONE

Comments

Post a Comment

Popular posts from this blog

The Essential Guide to Asset Protection

Image
  Asset protection is a strategic arrangement to safeguard wealth from future claims and creditors. It involves separating from specific assets early enough, ensuring no pending claims at disposition, and remaining solvent for a particular period afterward.  Various legal environments offer opportunities for asset protection. For instance, business corporations can separate business and private wealth, directing potential liability claims to the corporation rather than the individual. Similarly, some jurisdictions protect family homes from creditor-forced execution and bankruptcy proceedings. Trusts are traditional tools for safeguarding family wealth over generations. Trusts can protect from creditors by transferring legal ownership of wealth to a trustee to benefit specific beneficiaries. Life insurance policies, particularly private placement, and universal life insurance, can also offer wealth preservation benefits. Foundations, legal entities without shareholders, members...
Read more

HOW TO BUILD YOUR INDIVIDUAL VIRTUAL FAMILY OFFICE

Image
This video explores the benefits of a virtual family office, which leverages technology and virtual collaboration in an agile and multi-disciplinary setup. We examine the structure of a virtual family office , family governance, virtual family office governance, virtual family office technology, the coordinator's role, and the importance of the human element. By focusing on realistic in-house core capabilities and services and integrating external professional service providers in a technology-empowered collaborative environment, a virtual family office can lead to a platform ecosystem and modular aggregation of leading and innovative solutions. It can dynamically adapt to the family's evolving needs and enable results that provide the family with peace of mind. Join us as we delve into the world of virtual family offices and discover how they offer many advantages in terms of efficiency, communication, agility, and costs.
Read more

How does external asset management function? What is it?

Image
  Without assuming control of them, external asset management manages your financial resources and investments. Instead, a custodian will be required to monitor this procedure; often, this will be a bank with the appropriate license. You can rest comfortably knowing that they won't have access to your money. A custodian, such as a bank with the required permissions, will act on their behalf while adhering to stringent restrictions on the investments and cash withdrawals made in order to accomplish this successfully. Instead of managing these assets themselves, the EAM enables firms to concentrate on their core skills, freeing up resources that can be used for strategic initiatives.  Who is the external asset manager?   Private businesses known as External Asset Managers (EAMs) offer specialized asset management services to rich clientele. AMs, another name for EAMs, stand for independent asset managers. Additionally known as relationship managers. Overall, managing exter...
Read more