Read more about the article Evolution of the role of estate managers during covid-19.

Evolution of the role of estate managers during covid-19.

What a difference a year makes. When this New York Times article was published in April 2020, experts were predicting that we would not see an effective Covid-19 vaccine for at least twelve to eighteen months – this, followed by a litany of disheartening statistics about the development of past vaccines. Thankfully, this has not been the case; in fact at the time of this writing approximately seventy million Americans have already been fully vaccinated. With millions more receiving shots each day, we are finally able to resume (or at least contemplate resuming) some normal activities. That said, we are not out of the woods yet. The world is still dramatically different than it was pre-covid, and we continue to be bombarded with conflicting information about how it is transmitted and who are most at risk for serious illness.…

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Read more about the article Preserving Your Legacy & Your Relationship with Your Children

Preserving Your Legacy & Your Relationship with Your Children

Ask anyone about their financial goals and they will likely tell you that family security tops the list. It stands to reason, then, that HNW individuals have nothing to worry about. Unfortunately, this is far from true, especially if your definition of “security” includes the bond among your children.  In fact, according to this twenty-year study, seventy percent of estate plans for well-to-do families “fail,” meaning they result in financial losses and the breakdown of relationships among the heirs. Here are some tips to keep your family intact while staying true to your vision, while preserving your legacy. Respect Their Autonomy. For better or worse, you had your chance to raise your children. Conditioning their inheritance upon specific life choices (i.e. that they get married or join the family business) puts them in the terrible position of having to…

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Read more about the article It goes without saying that a property manager must be able to juggle several tasks – and people – at once.

It goes without saying that a property manager must be able to juggle several tasks – and people – at once.

The concept of the American Dream has evolved dramatically since writer James Truslow Adams first coined the phrase in 1931. He wisely defined it in a broad sense, referring to a place where there was opportunity for a better life for everyone “according to abilities or achievement.” At the time home ownership was out of reach for all but the well-to-do, yet by the end of WWII fourteen years later it had become the goal of nearly every American.     Today, owning a primary residence is commonplace, even expected, and many consider owning a second home as a symbol of having attained “The Dream.” However, as the popular saying goes, “Just because you can doesn’t mean you should.”  Owning a home arguably involves as many headaches as joys, so it stands to reason that you will need the help…

Continue ReadingIt goes without saying that a property manager must be able to juggle several tasks – and people – at once.