Many affluent families are willing to spend significant amounts on out of pocket medical expenditures but want to maintain good protection from catastrophic medical expenditures. All families today need to plan for adequate coverage, especially when serious illness is diagnosed or when individuals face transitions which affect their coverage like aging off a parent's plan, divorce, death of a spouse, or turning 65.
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A consumer guide that provides basic training for navigating the healthcare system. To get the best care, consumers must be active partners in their care. The enormous growth and complexity of the healthcare system is one of the key drivers. Patients can no longer rely on their health providers to know every surgical or pharmacological solution.
While flawed thinking about risk can cause consumers to make decisions they like at the time, they may end up with poorer health prospects and more financial risk than if they had followed a model known as "expected utility maximization," according to Mark V. Pauly, Wharton professor of health care.
As a collector of fine art, you are more than just the owner of your valuable items – you're also the caretaker. Purchasing valuable articles coverage is one of the best ways to help protect your investment. However, there are several preventative and maintenance steps you should take to both properly care for and help prevent damage or loss to your fine arts collection.
The key to identifying the status of any insurance contract is consistent, periodic review with a comparison to the original model, the last review and current market benchmarks. This systematic approach will show the impact of reductions or increases in the crediting rate, in policy charges and of the position of the product itself in the market.
Evolving legislation and stricter governance standards on corporations has resulted in increased personal liability risk for directors and officers who respectfully serve on boards. In the wake of the Enron and Worldcom debacles, liability exposures of corporate directors and officers have increased dramatically. Regardless of the company's size, a wide range of actions can be brought about by any number of parties, which could ultimately endanger the personal assets of directors and officers and jeopardize the underlying company's financial stability.
This paper will examine ways to lessen six of the greatest risks to preserving and enjoying multigenerational wealth. These six risks are: concentrating your assets, overspending, overusing leverage, poor tax planning, not attending to liabilities, ignoring family governance
A useful checklist for both advisors and wealth owners in preparing themselves for hurricanes
FOX has examined the topic of risk management in our work with families for more than 15 years. One of the most difficult aspects of studying the threats that impact financial families is categorizing the various dimensions of risk that pertain to a multi-generational family situation.
A discussion of pre-nuptial, post-nuptial or cohabitation agreements.