Over the past 30 years, families have worked hard and invested enormous resources to create the plans and structures that promise to carry the family into the future and ensure its long-term success. The vast majority of these investments have focused on the quantitative disciplines that serve the family’s financial capital – the collective disciplines that today we call “wealth management”.
Family Life Stages
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Whether it’s a conversation about money, the role of the beneficiary, what it means to be wealthy, or clarifying values and purpose, families often delay important discussions with kids out of fear, or the rationale they are not ready. Like so many things in life, helping children develop readiness is how we prepare them for the future. With early education and age-appropriate learning they get a head start that allows them to incrementally adapt to their unique future, with abundant resources and options.
With depression affecting as many as one in three adults, greater attention has been given to mental health in the workplace—including the impact poor mental health has on workplace morale, culture, and healthcare costs. Workplace culture initiatives that address and support employee mental health needs boost employee engagement, productivity, and retention. By following this checklist of six best practices, organizations can help build a strong framework for mental wellness both at home and in the workplace.
Many families are not aware of important legal issues that affect their 18 – 21-year-old children. Parents are often so focused on the fact that the drinking age is 21 that they do not realize that their 18-year-olds are, for most other purposes, adults in the eyes of the law. Parents no longer have the same access to information or control over their children after age 18. Proper planning for the legal issues that arise with an 18 – 21-year-old child can help avoid problems later.
Generally, parents lose access to their child’s health and financial information once the child becomes a legal adult at the age of 18 unless certain steps are taken. To this end, here is a list of seven essential legal documents for parents to complete when their children turn 18 and before they go to college or leave home for other pursuits.
On the rise is Americans’ interest in living outside the U.S. for an extended period or even indefinitely. There are many different reasons for wanting to move to new countries, including career prospects, favorable financial conditions, love and family, and often simply for la dolce vita. Whatever the reason, a thoughtful and holistic approach is strongly recommended for anyone yearning to try an expat life. Before making the move abroad, it’s important to consider how that move would affect all aspects of your life and wealth planning.
A Brief Guide to Prenups
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If you’ve been thinking that a prenuptial agreement might be a nice precautionary measure to have in your back pocket, you’re not alone. Romantic notions are increasingly giving way to pragmatism in recent years. Among the reasons to implement a prenup will vary, including protecting your children’s inheritance in the event there is a divorce. If you’re considering a prenuptial agreement, there are best practices to follow to help safeguard your marriage—as well as your financial future.
Introduction to Investing
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This series of short, educational videos provides an overview of the core elements of investing and some of the asset classes most commonly used in portfolio construction. Download the full presentation deck and explore the educational modules on the topics of interest that include:
Ten Financial Moves to Make When Your Child Turns 18
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It’s both a special and critical milestone when your children turn 18. At that age in the family life stage, they become legal adults with many new rights and responsibilities. While there are certain ways to help them get started on ensuring their financial future, there are also rights that you as a parent lose when they reach adulthood, like guaranteed access to their medical records. With their financial future in mind, there are a few critical things to watch out for to help them with their personal finance and protect their future.
Join Nate Hamilton and Peter H. Diamandis, MD for a discussion on the latest longevity-related diagnostics and therapeutics, and the recent breakthroughs on how to slow, stop and even reverse aging.