The New Capital Journal
Financial news, views, advice, and guidance.
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Keeping Beneficiary Designations Up to Date
If you don’t know who your beneficiaries are, then it’s time for a beneficiary designation check. Even if you think you remember, every now and then, they should be checked.
Top 10 Success Tips for Estate Planning
The more planning done in advance, the more likely your loved ones will know what to do. ?Here are 10 key tips for estate planning for you to consider.
Policy Reality Check: Tighter for Longer
Just like in the early 1980s, central banks are committed to the fight against inflation. However, this time is different. Alternative data reveals insight into the current economic backdrop and what it means for investors.
Making a Gift on Your Deathbed?
A new case out of Tax Court centers on the question of when a “deathbed gift” is complete for federal estate and gift tax purposes.
Revocable vs. Irrevocable Trusts
Those who decide to establish a trust will need to consider the pros and cons of revocable versus irrevocable trusts.
Leaving Inheritance Unequally to Heirs
When it comes to estate planning, equal isn’t the same as fair.
Could Fall Weakness In Growth Stocks Bring Opportunity?
Although tech and other growth stocks may suffer through more September volatility, the longer-term outlook is more encouraging. The economy is softening, not collapsing, valuations are more interesting and real rates have already adjusted.
Evolution of the 401(k)
New Capital now offers Guideline’s 401(k) plans to clients for their businesses. View Guideline’s “Evolution of the 401(k)”
Benefits of Life Insurance in Estate Planning
As an estate planner, I like life insurance. It provides many benefits in estate planning that are worth considering.
Gen Z and the Future of Retirement
Gen Z is coming of age and entering the workforce. New Capital's NextGen program is designed to work with your younger generations. Let us know if we can helpfully engage with your family's Gen Z members.
What’s the Difference Between a Living Will and a DNR?
A Living Will and a Do Not Resuscitate Order, known as a DNR, are very different documents, however, many people confuse the two. They both address end of life issues but are used in different settings.
Guardianship Alternatives
Guardianship often is necessary when an elderly individual loses legal capacity due to dementia, Alzheimer’s or other conditions leading to cognitive decline. In that case a guardian would need to be appointed to manage their assets.
How Do I Store Estate Planning Documents?
As a general rule, estate planning documents should be kept together in a fire and waterproof container in a location known to and accessible by fiduciaries, and copies of some documents should be given to the fiduciaries in advance.
Weekly Market Commentary
Global growth and inflation concerns are keeping investors up at night.
What If You Don’t have a Will?
Studies suggest that a majority of adults do not have an estate plan of any kind, even a will. What happens when those people die?
How to Claim and Use Life Insurance
Many people have life insurance, and they have it for a multitude of reasons. Proceeds can help cover funeral costs, liquidity in an estate, paying off taxes and more.
The Resilience of Markets Through Dark Times
With the conflict in Ukraine, we may still see more volatility and fear impact markets, but in terms of investor portfolios, the message is perhaps bland, but comfortingly so. Stay the course with a diversified portfolio and keep a long-term perspective, however difficult that may be.
What You Shouldn’t Put in your Will
We often talk about different estate planning vehicles and about what types of provisions and powers should be including in your estate plan. Let’s talk about what you shouldn’t put in your will, or at least, not without a lot of thought and care.
Common Estate Planning Terms
There is a current legal trend to avoid using legal terms and to make the language of law accessible for clients. However, there are some terms that are unavoidable, and it helps to be familiar with them when considering your estate planning.
Common Mistakes with Living Trusts
Trusts are versatile, you can accomplish incapacity planning, probate avoidance, tax planning, asset protection and more with trusts. However, sometimes people make mistakes with living trusts, and it doesn’t create all of the benefits intended.