As a collector of fine art, you are more than just the owner of your valuable items – you're also the caretaker. Purchasing valuable articles coverage is one of the best ways to help protect your investment. However, there are several preventative and maintenance steps you should take to both properly care for and help prevent damage or loss to your fine arts collection.
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The key to identifying the status of any insurance contract is consistent, periodic review with a comparison to the original model, the last review and current market benchmarks. This systematic approach will show the impact of reductions or increases in the crediting rate, in policy charges and of the position of the product itself in the market.
Evolving legislation and stricter governance standards on corporations has resulted in increased personal liability risk for directors and officers who respectfully serve on boards. In the wake of the Enron and Worldcom debacles, liability exposures of corporate directors and officers have increased dramatically. Regardless of the company's size, a wide range of actions can be brought about by any number of parties, which could ultimately endanger the personal assets of directors and officers and jeopardize the underlying company's financial stability.
This paper will examine ways to lessen six of the greatest risks to preserving and enjoying multigenerational wealth. These six risks are: concentrating your assets, overspending, overusing leverage, poor tax planning, not attending to liabilities, ignoring family governance
A useful checklist for both advisors and wealth owners in preparing themselves for hurricanes
A discussion of pre-nuptial, post-nuptial or cohabitation agreements.
A checklist of things to avoid when taking out life insurance.
Due diligence often focuses heavily on financial and operational issues. Often the new or combined organization’s cybersecurity does not receive the attention it deserves. As a result it places the company at risk from a cyber incident, which can detrimentally impact the organization’s reputation and financial security. The risk is higher if you are collecting, storing, or transmitting personal, financial or health information.
Most people prefer to age in place. If you have a beautiful and gracious home that you love, why leave it? Yet common features in many homes—steeps stairs, “classic” plumbing fixtures, even hardwood floors—can actually make life less comfortable, or sometimes even dangerous, as you get older. Fortunately, there are many attractive home décor options that are also age-friendly.
When a family member is diagnosed with a memory disorder like Alzheimer's, it can be confusing and frustrating. With the right preparation and care, family offices and household staff can provide invaluable assistance and information to the families on what to expect and how to cope from the early stages to the end stages of dementia.