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Dear Clients and Friends:
It has been two weeks now since wildfires began their devastating march through Northern California. In our office we have a number of clients and family who have been evacuated, and some who have been burned out. For those of us who are safe and whole in other regions, it may be difficult to know how to help. Here are some local organizations to consider: the
Sonoma County Resilience Fund, the
Napa Valley Community Foundation, and the
Community Foundation of Mendocino County are all accepting donations.
Rachel Wagner
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Closing the Communication Gap
Discussing the transfer of wealth from parents to children can be uncomfortable for both parties. Yet by introducing children to the wealth management process from a young age, affluent families may be able to reduce family tensions later in life and help ensure that the planning tradition passes intact to future generations.
You can start by setting up a meeting with your financial advisor to help explain some of the more complex details.
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Three weeks after Equifax acknowledged that hackers had breached the company's system, the company's interim chief executive, Paulino
do Rego Barros Jr., apologized for its messy response.
The breach meant that potentially millions of Social Security numbers, driver's licenses and other information had been stolen, leaving many of us to wonder how vulnerable we might be to identity theft.
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The cost of a college education continues to rise. The projected average total college costs for a child born in 2015 are nearly $550,000 for a four-year private college and $240,000 for a public college.
If you are looking for tax-advantaged ways to get ahead of the curve, you have several choices - 529 plans, Coverdell Education Savings Accounts, and custodial accounts created under the Unified Gifts to Minors Act (UGMA) or Unified Transfers to Minors Act (UTMA) - but which ones may be right for you?
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