As a grandparent, it’s entirely natural to want to give money and gifts to your grandkids. Is this the best way to help them out financially? Here are three ways to be the best grandparent you can be by setting up a financial security net for your grandkids. Set Up Life Insurance Your grandchildren can […]
Considering setting up a family trust to protect your assets? It may be one of the wisest decisions you ever make. A trust can give you the power to deal with future financial risks and give you full control of your assets. Additionally, a family trust can also be used to take advantage of income […]
If secondhand stress originating in your family is something you’ve been dealing with, it could be causing damage to your health and wellbeing without you even knowing it. Whether you’re getting caught in the middle of family feuds or you are left extinguishing fires, those negative vibes can latch on and get absorbed by your […]
There will come a time when your kids ask you how babies are made, why the sky is blue, and why they have to come home by curfew. One thing your kids probably won’t ask is about taxes — or at least not until it’s too late. It’s important to teach your kids about taxes […]
It’s not easy getting your teen interested in the idea of investing in their future. Most teens have a shorter attention span and are rarely focused on long-term goals — they’re thinking about the present. This can make it somewhat difficult to explain the benefits of saving, especially if most of the financial terms go […]
When you create your will, one of the most important things you need to do is choose your executor. This is an important role that comes with the responsibility of taking care of the probate process, estate inventory, payments and notifications, final tax returns, and distributing your assets. You need to choose someone who is […]
Every company owner’s dream is that the family business will stay alive well after they’ve retired and gone; but it’s easier said than done to keep the business going, especially if you don’t have a proper plan in place. Regardless of your age, the only way to ensure that your business survives your exit is […]
As you enter your “golden” years, the reality is that it can often be too late to protect your family from unforeseen events as you continue to age. That’s why you need to start planning now for your financial future. If the idea of long-term care is making you lose sleep, it’s time to settle […]
Many baby boomers that have created their wealth are facing complex decisions regarding passing on money to their children. There has been a growing concern with how their children might mismanage their wealth, along with the legacy that they have so carefully created. And even so, most parents have not included their children in any […]
Every parent dreams of passing on a significant legacy to their children. However, their wishes often don’t materialize due to poor estate planning. Misconstrued details can leave a family in disarray, resulting in conflicts among the family. It’s important to plan properly and anticipate any conflicts that your estate plan could cause between your spouse […]
*The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd.