A spousal lifetime access trust (SLAT) is an effective tool for saving money on estate taxes. When a SLAT trust is created, one spouse is the trust grantor, and the other is the beneficiary. The grantor spouse gifts assets to the irrevocable SLAT trust and files a...
A pour-over will with a testamentary trust should never be used as your primary estate planning document. A pour-over will is an estate planning tool that directs your assets to be put into your trust after you die. You can use a pour-over will to fund a testamentary...
T-Bills and money markets are both popular choices for investors looking to earn interest from their cash. T-Bills are simple and straightforward. T-Bill interest is state tax exempt. Money markets are more complicated. Money markets come in two forms, money market...
Have you been managing the family wealth yourself for a long time and your spouse is either not interested or not capable of managing the investments if you are gone? Do you fear that your spouse might be taken advantage of by an unscrupulous financial salesperson?...
Recently stocks, particularly the Magnificent Seven stocks, have fallen off a cliff. A recession looks likely at this point. At HighPass,we have been warning investors since 2024 to update their risk tolerance, shift their portfolio away from tech stocks and over to...
How reliable is the 4% rule when using a 60/40 equity/fixed balanced investment strategy? Will you run out of money if you have bad timing and retire right before a recession? How will sequence of negative returns affect your retirement plan? To answer these questions...
