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Inheritance Planning

We are an Orange County investment management and tax strategy firm that has developed a national reputation serving sudden wealth clients with financial planning.

Important Information for Beneficiaries

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If your loved ones have invested, saved or insured themselves to any degree, you may be named as a beneficiary to one or more of their accounts, policies or assets in the event of their deaths. While we all hope “that day” never comes, we do need to know what to do financially if and…

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Inheriting Money: Why Anderson Cooper Says No Thanks

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CNN news-show host Anderson Cooper is the son of Gloria Vanderbilt — a successful fashion and interior designer and daughter to the Vanderbilt railroad and shipping empire who is believed to be worth $200 million. Is Anderson chomping at the bit for an inheritance? No. Here is what Anderson said this week in an interview…

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Why Does Family Wealth Fade?

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Many are the stories of family wealth lost. In the late 19th century, industrial tycoon Cornelius Vanderbilt amassed the equivalent of $100 billion in today’s dollars – but when 120 of his descendants met at a family gathering in 1973, there were no millionaires among them. Barbara Woolworth Hutton – daughter of the founder of…

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Inheritance Financial Advisor: Inheritance Planning

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If you are coming into an inheritance, there are several issues you should be aware of. Here are some things you may want to keep in mind if it comes to pass: Take your time. If someone cared about you enough to leave you a sizable inheritance, then likely you will need time to grieve…

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Think Twice Before Creating a UTMA Account

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Think twice before creating a UTMA account. Custodial investment accounts permitted under the Uniform Transfers to Minors Act (UTMA) allow families to gift assets to a child without having to set up a trust. In addition to that convenience, a UTMA can offer a distinct tax advantage to parents. While such perks are nice in…

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Money From Inheritance: What To Do With Inheritance?

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If you are expecting an inheritance of money or will come into large amounts of money soon, you may be wondering what you should do with this sudden wealth. There are countless examples of how people have squandered their money, but I recently came across one individual who seems to have a good plan. Him…

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“Minor” Details You Need to Know Before Making a Child Your Beneficiary

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Should you make a minor child the primary beneficiary of your IRA? Are there any caveats to that choice? IRA owners frequently name young children as contingent beneficiaries of their accounts, but designating someone younger than 18 as the primary beneficiary of IRA assets invites a number of questions. Will you exploit the stretch IRA…

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Choosing The Right Beneficiary

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Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k), life insurance policy, or annuity? You may be able to answer such a question quickly and easily. Or you may be saying, “You know … I’m not totally sure.” Whatever your answer, it is smart to periodically review your…

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Inheritance Planning: What All Beneficiaries Need to Know

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If your loved ones have invested, saved or insured themselves to any degree, you may be named as a beneficiary to one or more of their accounts, policies or assets in the event of their deaths. While we all hope “that day” never comes, we do need to know what to do financially if and…

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Major Risks To Family Wealth

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Will your accumulated assets be threatened by them? All too often, family wealth fails to last. One generation builds a business – or even a fortune – and it is lost in ensuing decades. Why does it happen, again and again? It is because families fall prey to serious money blunders – old and new.…

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