Barry Brundage is Senior Vice President, Managing Director of the Private Client Reserve of U.S. Bank in Sacramento.
If you really want to make a difference, it is not a matter of how much money you give, but how well you give it. Many donors want to make a large impact, yet surprisingly, those who want to truly make a difference may want to focus on a smaller scale. Here are three suggestions for donors who are interested in making a direct impact:
The dramatic transfer of accumulated wealth from the baby boomer generation and regional employment gains could serve as a catalyst for individuals to engage with wealth management experts. Here are some of the most common questions (and answers) about wealth management:
Whether or not a sale makes sense, the economic recovery that has fueled the growth of many businesses suggests that it’s a good time for business owners to re-examine the value of their business and to revisit — or put in place — a succession plan which may or may not include the prospect of a sale.
If National Estate Planning Awareness Week, which started yesterday, snuck up on you this year, you are not alone. In fact, if you don’t have an estate plan, you have lots of company. Fifty percent of Americans lack a will and other vital estate planning documents, and their absence is a sure path to probate court and often lengthy, costly legal proceedings before an estate is settled.
If you have sold a business and moved on to retirement or another career, it’s worth noting that a change in lifestyle should also trigger a change in investment styles.
Surviving the Great Recession wasn’t easy for anyone, but it had a unique impact on business owners who were looking forward to retirement. One-third of small biz owners are over the age of 55 – primed to step away from the day-to-day routine. When the economy went into a tailspin, those trying to either sell or otherwise transition the ownership of their business had to keep working, even as the long slump made staying in business a struggle.