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Podcasts are a dime a dozen these days. From pop culture to sports to parenting, you can find a podcast on just about any topic or genre of interest. For now, let’s turn our attention to finance. Apple Podcasts boasts pages upon pages of finance-related audio content, but which are worthy of your time? Below we highlight the 7 best finance podcasts to add into your rotation. 

Fiduciaries of all types are under scrutiny for implementing practices that are in the best interest of beneficiaries of the trust they manage. Liability can extend beyond business to personal liability and trustees need to be armed with knowledge of where things can go wrong. Because the duties of a trustee are often complex and unique, it is imperative that the trustee familiarize themselves with the responsibilities and risks before taking on this important role. 

When it comes to estate planning there are terms and titles that people often use interchangeably. Power of attorney, executor, trustee, and beneficiary are just a few that come to mind. While these titles certainly fit in the estate planning category, each carry their own unique responsibilities and power. Two that are often confused, or lack the true understanding around, are power of attorney vs. trustee. Let’s break down the difference of each role and get into a few other roles that help support estate administration. 

If you are in the process of estate planning, naming a trustee and successor trustee is a critical piece of the puzzle. In their role, a trustee is legally responsible for the assets held within the trust. They assume fiduciary responsibility, which means the actions and decisions they make should be in the best interest of the trust. Acting as trustee is no easy feat, the duties and responsibilities of a trustee are often complex and time consuming, so it goes without saying naming the trustee of your trust is a decision that should be carefully considered.

When considering the title of this article, your first thought might be “investing is investing”.  However true that may be, it is also important to consider unique differences for women investors when developing financial strategies.  In the next decade it is believed that an estimated $30 trillion in financial assets could be in the hands of women. In our current environment of shifting wealth and global transformation, the time is right to plan for the future for such an important aspect of our population and economy:  women.

Protecting your family’s legacy through a family trust is an essential part of estate planning. No matter which type of trust you choose, selecting the right trustee is arguably the most important step in the process. Since you stumbled across this article, let’s assume you, the reader, have been selected as family trustee – congratulations!

Achieving a Better Life Experience, or more simply titled ABLE, and the ABLE Act offer a tax benefit specifically designed for savings and investment plans for special needs individuals. For families with special needs children, establishing an ABLE account allows you to save money on disability-related expenses, such as housing and transportation, without risking disability benefits. But, what is an ABLE account in terms of qualifications and investment options? We highlight the need-to-know specifics of ABLE accounts below.  

Accepting the role of trustee comes with an abundance of responsibility, especially when it comes to a special needs trust (SNT). The trustee’s duty is to oversee the investment, administration, and distribution of the trust. When broken down this means the trustee is owning responsibilities like paying bills, filing taxes, maintaining records, and ensuring the trust is growing through diverse investments. While some can look to a family member to act as the trustee, some turn to a professional fiduciary who is experienced in the nuances of special needs trusts. 

Recent documentaries, court filings, and news reports have thrust Britney Spears’ long-term conservatorship into the national spotlight.