n recent years, the evolution of blockchain technology has introduced novel complexities to estate planning, none more so than the emergence of Decentralized Autonomous Organizations—or DAOs—that invest in artwork, NFTs, and physical collectibles. As clients increasingly turn to DAOs to manage high-value assets, estate planners are encountering challenges that straddle both digital and tangible domains, requiring innovative legal and fiduciary solutions. DAOs first gained prominence during the NFT boom, where groups like FlamingoDAO and PleasrDAO pooled capital to acquire digital art and crypto-native collectibles. Their success inspired a new wave of collective ownership models, many of which now target not…

While the economic data was a bit softer on the margin last week, markets were likely rattled more by concerns about the upcoming tariff announcements on President Trump’s “Liberation Day,” scheduled for Wednesday, April 2. Though the range of possible outcomes is extensive, the scope and size of the tariffs should be meaningful. Goldman Sachs estimates a five percentage point increase in tariffs trims 1-2% from S&P 500 earnings growth, so they have lowered their 2025 earnings per share growth estimate to 7%. Strategas Research Partners notes that the size of the contemplated tariffs could bring the total size to…

When you subtract all of a company’s liabilities from all of its assets and the number comes up lower than the market price per share, that’s “below book value” in the stock market world. These types of situations are hard to find with overall valuations up at higher-than-ever levels, but they do exist. These names are not widely broadcast or front-paged since great viewership and readership only tends to show up for hot stocks with hot concepts (AI, for example). Another way of saying it: these companies generally are boring, unexciting and keep to themselves for the most part. 4…

In many relationships, couples naturally settle into roles. Some responsibilities are clear-cut—one partner might naturally take charge of the household finances, while others develop over time, like handling the dishes or taking out the trash. Then there are tasks that align with personal strengths or interests—perhaps one partner loves to cook while the other steers clear of the kitchen. Dividing household responsibilities is not only common but often necessary. Managing a household and raising a family can be overwhelming, and having a supportive partner helps keep everything running smoothly. But what happens when one partner is suddenly left to handle…

With all the resources we put into our homes, it’s almost impossible to think that an unforeseen disaster could take them away. Of course, we see that happening more and more to people all around the world. There were more billion-dollar weather disasters in the last decade than in any decade before, which is making it even more challenging to protect ourselves from the unexpected. While we might naturally assume we’re in the clear if we have homeowners insurance, there are often unseen risks lurking in our policies that leave us exposed to things like floods, wind, water backup, or…

Imagine walking into a wealth management firm in 2034 and finding half the desks empty. This isn’t a far-fetched scenario—it’s a looming reality. According to a recent McKinsey report, the industry could face a shortfall of nearly 100,000 financial advisors over the next decade. As experienced professionals retire and fewer young advisors enter the field, the shortage is going to be much more than just a hiring headache, it’s going to be an existential crisis for firms that don’t adapt. Why does this matter? Because a shrinking advisor workforce means more than just open job postings—it affects client relationships, firm…

For the last two years there has been an ongoing imperative for estate planning and other professionals to get their clients who have an interest in a small corporation, limited liability company or limited partnership to report their personal information in compliance with the Corporate Transparency Act (CTA). Now, in a dramatic regulatory shift, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that rewrites major portions of the CTA, that domestic companies—and U.S. citizens who are beneficial owners of foreign entities—are now exempt from the beneficial ownership reporting requirements originally mandated under the CTA. This development…

After briefly hitting correction territory in the previous week, which is defined as a 10% decline from an earlier high, stocks had a modest rebound last week. The S&P 500 sits 7.6% below its mid-February high. The Magnificent 7, consisting of Microsoft (MSFT), Meta Platforms (META), Amazon.com (AMZN), Apple (AAPL), NVIDIA (NVDA), Alphabet (GOOGL), and Tesla (TSLA), has faired worse with a drubbing of 18.5% since mid-December. The pressure on stocks stems from an economic growth scare and policy uncertainty surrounding tariffs. Stock Correction: Implications Of A 10% Decline In Stock Prices With the S&P 500 closing over 10% below…

Does the Trump economy have you on edge? Send money overseas, using this sortable list of Best Buys in international funds. For most of the 21st century, investors have been in love with the U.S. and lacking a motive to send money abroad. This year they have, for some reason, changed their thinking. So far foreign stocks are up 9% (dividends included), U.S. stocks down 5%. If you want to join the flight overseas, use this guide to cost-effective index funds. They all have expenses no higher than 0.16% ($16 a year per $10,000), assets of at least $50 million…

Say what you will about Shiv Roy, one of the four scheming children of media mogul Logan Roy in the hit HBO show Succession, but she’s no pushover. Immediately after her billionaire father’s stroke wakes everyone to his inevitable mortality, Shiv, despite her lack of experience in business, starts jostling for power with her brothers, her husband, and assorted other men hungry to take over. Though her approach isn’t always exemplary, Shiv steps up in a way that any woman set to inherit family wealth can learn from: by rolling up her sleeves, learning what she needs to know, and…