An Employee Stock Ownership Plan (ESOP) is a benefit plan allowing employees to buy or earn stock in their employer’s company. How Do ESOPs Work? Essentially, a company sets up a trust fund into which it contributes new shares of its own stock or cash to buy existing shares. Alternatively, the owner of a private […]
The days, weeks, and months after the passing of a family member are often trying and turbulent times. Even with planning and preparation, emotional distress can cloud decisions and make the next steps even more difficult. Many people underestimate the procedural requirements for administering an estate. More than just distributing a deceased’s assets to their […]
Like many people, you may need to amend your last will and testament multiple times as your assets, wishes, and personal circumstances change. As long as you are mentally competent, you may change, update, or completely revoke your will at any time. Testators who want to make significant changes can revoke their existing will and […]
with guests Kathy Keeley, Kristen Lewis and Fontaine Lee Hosts: Adam Gaslowitz and Craig Frankel January 28, 2015 wealthmatters_11.19.2014
When setting up a trust, it’s important to understand what you are committing to and the future implications of those commitments. One of the most important considerations is whether your trust will be revocable or irrevocable. A revocable trust gives you the ability to amend or terminate the trust and remove property at any time […]
A family office is a wealth management and advisory organization that assumes the daily administration and management of a family’s (or multiple families’) affairs, primarily for high net worth individuals and families with complex financial needs and objectives. Who Needs a Family Office? Families or individuals who require the services of a family office typically […]
There are few things in this life as emotionally exhausting as a divorce. Not only are you grieving an ended marriage, but you are immediately tasked with a pile of paperwork to review and sign. Between bank statements, proof of income, mortgage statements, tax returns, retirement account statements, and more, it’s easy to feel like […]
With Jeff Bernier of TandemGrowth Financial Advisors, Taylor Stanfill of Verisail Partners, and Andy Avera of Avera Wealth Advisors Hosts: Craig Frankel and Robert Port. April 22, 2020 wealthmatters – April 22, 2020
When people discuss their final wishes, the focus is often on finances and possessions. It is easy to focus on the material aspect of your will and overlook a very important piece of your legacy – your feelings and values. At Gaslowitz Frankel, our attorneys stress the importance of ethical wills. An ethical will, also […]
On a recent episode of our monthly Wealth Matters radio show, Gaslowitz Frankel partners Craig Frankel and Robert Port sat down with Kristen Lewis from the Bowden Law firm to discuss common signs of elder financial abuse and how to stop it. What Constitutes Elder Financial Abuse? Generally speaking, it can be defined as the […]
