Women in their 50’s and 60’s who find themselves newly single due to divorce or the death of a spouse may run into some unique challenges when it comes to wealth planning and making the transition to financial independence. Facing retirement as a single person probably requires some strategy modifications. In fact, even before making the decision to retire, you will likely need to reconsider what to plan for and […]

Affluent individuals have the same fears as those living at other income levels: outliving their assets, the volatility of the stock market, and the possibility of becoming a burden to their children as they grow older. And, many individuals may not have set aside enough funds for future medical care. High net worth individuals have any number of financial vehicles at their disposal to protect their personal wealth. Such as […]

Unfortunately, kidnapping for ransom incidents have been on the rise, globally. The kidnapping of foreign travelers is prevalent in places where there is extreme poverty and in places where there is a prevalence of guerrilla and drug cartel activities. It can be a very profitable business for the perpetrators.  Kidnappings for ransom continue to be a concern for foreigners traveling overseas for business.  According to Risk & Insurance magazine, the […]

Facing life without your husband can at times create new challenges which can lead to anxiety, stress, and fear, especially when it comes to making long-term decisions. Overnight, decisions that were once made jointly become a task you must face on your own. While it’s important for most people to have an estate plan, for a widowed wife, it becomes even more critical. A  time to start paying attention to […]

Excessive litigation in the U.S. has created significant costs for business owners, workers, and consumers as well as the overall economy. According to the National Federation of Independent Businesses (NFIB), frivolous lawsuits filed against business owners have created a climate of fear for small businesses in the U.S. While some claims have merit, the majority do not. Unfortunately, these types of lawsuits are a growing problem for all companies, but […]

As a result of the COVID-19 pandemic, many businesses found themselves making the transition to a working from home environment for the very first time. And, some businesses are considering closing offices for good, opting for employees to WFH (Work From Home) as a cost-saving measure. The problem with shifting to a remote work environment was that many businesses did not have the technical infrastructure in place essential to supporting […]

Women comprise half of the population, but were not historically treated as a financial force to be reckoned with until recently. The rising economic power of women is considered to be one of the most significant economic shifts to occur over the past several decades. Women control over half of the personal wealth in the U.S. totaling $14 trillion. And, wealth experts estimate that, by 2030, women will likely be […]

Life insurance can be an important part of your overall financial strategy. One of the most common uses of life insurance benefits is to pay for final expenses after your death, including funeral or cremation costs, medical bills not covered by your health insurance, and other unpaid obligations you may leave behind. Life insurance can provide income replacement for your family if you die early. However, life insurance is a […]

The purpose of an offshore trust is to protect your assets from creditors and lawsuits. Making use of an offshore asset protection trust is like putting your money in a lockbox where it’s going to stay secure and protected. Your trust is not like a bank account, so you should not be withdrawing funds whenever you feel like it.  However, if you require assets at some point, there are ways […]

Using offshore accounts is a great option for asset protection. When managed properly, international asset protection provides several advantages: Confidentiality Diversification Protection from creditors and legal actions Increased yields Tax benefits While international asset protection is a legal method of protecting your assets from being lost as a result of lawsuits, account freezes, or the lack of security with domestic accounts, it needs to be managed within legal limits. Therefore, […]