Archive

Archive for the ‘Current Thoughts’ Category

Managing Your Assets in Turbulent Times

Have questions or concerns about your assets during this volatile market environment?  This brochure offers context for the current situation, with informed observations on how we may help you to respond to it.

Ask a Trust Officer: Having “The Talk”

DEAR TRUST OFFICER: When should I talk to my children about their inheritances? —THOUGHTFUL PARENT DEAR THOUGHTFUL: As a general rule, sooner is better than later.  An inheritance should not come as a surprise; it is something that requires preparation and planning.  In that way, an inheritance may prove to be more than a temporary…

Ask a trust officer: Estate Settlement

DEAR TRUST OFFICER: How long does it take to settle an estate? —PROSPECTIVE TESTATOR DEAR PROSPECTIVE: The short answer to your question might be, “It takes much longer to settle an estate than most beneficiaries think is reasonable.” To get to a more helpful and longer answer, we need to answer many more questions first,…

Should Your Investment Program Be A Trust?

It has been said, investors with $50,000 portfolios have stockbrokers, while those with $5 million have trust officers. That may be true, but it’s also misleading. The fact is, few of our clients are in the truly high-wealth category. A good number of business or professional people, active or retired, count on us to maintain…

2020 Q1 Review and Outlook

“There are decades when nothing happens, and there are weeks when decades happen.” This quote (by Vladimir Lenin of all people) pretty much sums up the first quarter of 2020, as governments around the world instituted draconian methods to slow the pace of the spread of the Coronavirus (a.k.a. COVID-19).  These actions are in essence…

Coronavirus – what this means for your investments.

In case you haven’t noticed, the news has been a little busy over the past month, with the leading headline a particularly nasty strain of Coronavirus called COVID-19, which is a cousin of the common cold virus that causes flu-like symptoms and can lead to pneumonia. We will leave it to the medical professionals to…

Ask a Trust Officer: Elderly Parents

DEAR TRUST OFFICER: My parents are retired, living in another state.  They have a sizeable investment portfolio and are financially comfortable. However, as they are getting older, they are having trouble keeping up with their paperwork.  Last year they were late in making tax payments, very unlike them.  I would help them, but I just…

Choice of Trustee

Trust-based wealth management plans are growing in popularity.  According to one recent survey, more than half of families whose wealth exceeds $5 million already employ a trust for asset management.  More than a third of families whose wealth falls into the $1 million to $5 million range have a trust. The success of a trust…

2019 Q2 Review and Outlook

The second quarter of 2019 was signified by a lot of ups and downs and ended higher than where it started – which is pretty much the story of the last twelve months, only on a smaller scale.  (link below)