Lifestyle
Don’t let estate blunders get in the way of your wishes
ESTATE & GIVING These cautionary tales of estate planning mistakes offer a few important lessons. You’ve worked long and hard to build your estate. Don’t let blunders keep your wishes from being carried out and leave your family – and wealth – in the lurch. Here are a few lessons to keep in mind. No…
Read MoreThe Wealth Transfer: A Fusion of Financial Literacy and Family Values
Wealth transfer is a multifaceted journey that extends beyond numbers and assets – it embodies the essence of family values and the preservation of legacy. In a world where affluent individuals seek to impart financial wisdom to the next generation, the fusion of financial literacy and family values takes center stage. Explore how the intersection…
Read MoreGifting in a Volatile Market
REVIEW YOUR CHARITABLE OPTIONS AND OPPORTUNITIES. Economic turbulence and high inflation may have you feeling cautious about making donations. The good news is there’s a range of options to ensure that your charitable donations aren’t forced to grind to a halt, and that causes important to you continue to receive support. Explore some of the…
Read MoreAre Your Important Documents Secure and Accessible?
Keep your financial life organized with a thoughtful combination of digital and physical storage solutions. Pop quiz: In an emergency, could your loves ones find your current will and power of attorney? If you had to evacuate your home, could you quickly get your hands on your passport, deeds and keepsakes? Are your documents in…
Read MoreThe Family Meeting: Communication is Key
The season for gathering is upon us. A little more than half of those in the baby-boom generation plan to travel in 2021, according to an AARP survey, and 57% of them are planning a trip to spend time with loved ones. Which brings to mind an important topic: the family meeting. Though it may…
Read MoreLosing a Loved One: Things to Know
Losing a loved one can be overwhelming and emotionally draining. And in the wake of that loss, money may be the last thing on your mind when you’re dealing with making arrangements and picking up the pieces. It’s wise to put off major decisions while you’re grieving – conventional wisdom recommends taking a year to…
Read MoreFour Ways to Create a Meaningful Family Legacy
Family legacy planning that goes beyond finances can help us live with intention. Family lends us a strong sense of identity. So it makes sense that traditional legacy planning focuses on this area of our life and the financial resources we want to leave to our loved ones. However, we believe the best legacy plans…
Read MoreThe Top 7 Social Security Myths (and How To Get the Most from Your Hard-Earned Benefits)
“Social Security is not a one size fits all decision. Health, lifestyle, and family considerations all play a role,” says Shannon Seltsam, Wealth Associate, Gratz Park Private Wealth. Your team of advisors at Gratz Park Private Wealth advocate that within your retirement income plan, Social Security retirement benefits should be considered a critical asset, alongside…
Read MoreCharitable Contributions: Where, Why, and How
A new year (and decade) is upon us. As we look forward to the new year, we are filled with thoughts of new possibilities and possibly even some resolutions. As such, you may be wondering what more you could do to increase your charitable contributions in 2020, or feel ready to make some donations. …
Read More7 Ways to Manage Spending While Still Enjoying Summer Fun
When we think of summer, we think of fun. With the kids out of school, it seems like there are endless possibilities. The problem is that most of those ideas come with a price tag — and if you’re working hard to stick to a financial plan, then it might seem like that price tag…
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