At Sand Hill, we work with multi-generational families and one request that we sometimes see from clients is a preference to name minor children as account beneficiaries. Unfortunately, minors are legally unable to own property; therefore, they cannot inherit investment assets in their own name. Naming minors outright will lead to unnecessary complications for their … Continued
The Covid pandemic was disruptive and even catastrophic in many ways. One of the few positive developments during the pandemic was the emptying of animal shelters as we were all homebound and craving companionship. For most lucky pets (and humans), the attachment with their humans has continued post-pandemic. While pet insurance has been around for … Continued
Estate planning is a critical aspect of financial management that ensures your assets are distributed according to your wishes after you pass away. Among the many decisions you’ll make during this process is who to name as beneficiary of your retirement plan accounts. Before completing or updating any existing beneficiary designations, it is crucial to … Continued
As a Certified Exit Planning Advisor™ (CEPA), I am committed to helping my clients navigate the complex world of business transitions and secure their financial legacies. I want to shed light on the pressing need for exit planning by sharing some eye-opening statistics and highlighting the tremendous opportunities that lie ahead. Let’s delve into the … Continued
While no one wants to think about their mortality, end-of-life wishes are an essential part of estate planning. This type of planning gives you the opportunity to explicitly state what you do and—perhaps more importantly—don’t want. Advanced planning includes writing down your wishes and discussing them with friends, family, and doctors to help prevent potential misunderstandings … Continued
A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity that allows a donor to contribute, receive an immediate tax deduction, and recommend grants to charitable 501(c)3 organizations from the fund over time. There are several considerations when using a DAF that will help you make the most of their benefits. … Continued
Fueled by the advance of technology, flexibility of remote work, continued expansion of global business, and desirable cost of living tradeoffs for retirees, the ranks of American expats continue to swell. Per the U.S. State Department, in 2020, roughly nine million Americans lived abroad, while a 2022 Gallup poll revealed 15% of Americans would like … Continued
July 18, 2023 For many of my clients approaching their retirement years and beyond, this question is a common one: How will I pay for my long-term care if and when I need it? According to the Department of Health and Human Services, 70% of people turning 65 can expect to use some form of long-term … Continued
As the year-end approaches, now is an ideal time to review strategic planning opportunities and preview what lies ahead in 2023. We encourage you to discuss these planning topics with your Sand Hill Wealth Manager. Retirement Planning In 2023, retirement plan contributions for 401(k)s, 403(b)s, and most 457 plans will increase to $22,500 with an … Continued
October 25, 2022 In the classic Judy Garland movie Meet Me in St. Louis, the children of the Smith family gather with their friends for an evening of revelry, which includes the performance of the catchy tune “Skip to My Lou”. While there were many children in the Smith Family, and though it seems Mr. … Continued