Resource Search

When surveying the top causes of home damage that might lead to an insurance claim, water damage is the second highest frequency claim category (after wind and hail).

The best time to install protective devices or materials in your home is during a renovation, addition, or new construction. Consider the following recommendations early in your planning stages to increase safety, lessen the likelihood of damage, and help minimize installation costs. Some proactive measures may even result in savings on your homeowners insurance premium.

The best time to prepare your home for the cold weather, snowfall, ice accumulation, and storms is before winter sets in. For added protection, recommended tips are provided to help you get a head start.

Winter-related claims add up to over $1 billion each year across the insurance industry. One common—yet often overlooked—cause of costly damage is ice damming. By taking proactive measures and making crucial upgrades to your home, you can help prevent ice damming damage.

The artificial intelligence (AI) predictions of 2019 are insightful as ChatGPT and other AI platforms are becoming mainstream. Most executives knew then that AI had the power to change almost everything about the way they do business—and could contribute up to $15.7 trillion to the global economy by 2030. But what many business leaders don’t know is how to deploy AI throughout the organization, where it can create maximum value that enhances decision-making, create better customer experiences, and grow the bottom line.

In a perfect world, parents would have a well-thought-out plan for wealth transfer, explain their intentions, and help their heirs learn their roles and responsibilities. But life doesn’t always unfold in an orderly way to provide such a roadmap. Sometimes, inheritors may need to step in to play a more active role so they can empower themselves with the knowledge and tools necessary to make the best decisions for themselves and their family’s legacy.

Wealth coaching is essentially the study of one’s relationship with money and wealth. We all have a relationship with money, and through money messages that we learned at an early age, this relationship guides the majority of behaviors throughout our lives. Individuals and families who engage wealth coaches can benefit enormously across a broad spectrum of topics and issues as they participate in difficult conversations, learn about family systems, and devise governance strategies.

Experience has shown that many families of wealth unwittingly outgrow their coverage and can be severely under-protected. To help assess the insurance choices available, there are factors to consider when evaluating an insurance advisor and uncovering the right insurance resource.

Every state has its own set of rules for assessing income tax against a trust. In some situations, a trust might be required to file tax returns in three or more separate states. Recently, the U.S. Supreme Court decided a case that addresses how a state may tax a particular trust. We take a closer look at that decision and how it impacts state taxation of trusts—and possibly you. With careful thought, and the assistance of counsel, there are opportunities and tools available to draft trusts that can minimize, if not eliminate, state trust taxation.

Although the future is unpredictable, we do know that financial planning can allow families and their advisors to operate from a position of strength and resilience, no matter the changes that lie ahead. In this video, the Baird economic analysts and financial planning specialists look at how the economic landscape impact your finances in 2021 while highlighting wealth planning opportunities to consider.