Hackers and cybercriminals are becoming increasingly sophisticated with their attacks. With more intelligent and connected devices, as well as the importance of a person’s digital identity, cyber insurance is a vital component of an individual or a family’s coverage.
Most professionals understand that work emails can be “discovered” in litigation, meaning that adverse parties can obtain these communications if they are relevant to the dispute. Recently, courts have begun ordering parties to produce other types of communications during discovery, including personal emails and messages. It is importan...
Collecting can be an enjoyable hobby, an educational pursuit, or even a financial investment. So how do you look after a collection now that you’ve assembled one? While every collection is unique and has its own specific needs, you can take some simple loss prevention steps—including tips on shipping art and other valuables—to hel...
After seeing too many festivities ruined by the late arrival of tort lawyers, it’s time to pause the celebration preparation and review how to minimize the risks. Whether the planning is for a wedding, graduation party, fundraiser, or summer soiree, it’s important to prepare for what can (and often does) go wrong at celebrations and kno...
Your household employees are necessary and helpful, but they present a risk, be it from accidents, reckless behavior, or bad intentions. While there is no way to minimize the concerns entirely, establishing clear communication, crisp policies, and appropriate checks and balances can prevent, or at least decrease most issues. We’ve created a checkli...
With safety at the top of the priority list when flying on an aircraft, there are 10 questions to ask and things to understand to ensure the safest private aviation solution for you and your family. Armed with this knowledge, you’ll be able to make an informed decision and enjoy total peace of mind, knowing you and your loved ones are in the safest...
For most goals driven wealth management clients, meeting annual lifestyle needs is the top priority. This core lifestyle goal is funded by a dynamic asset allocation of risk-control assets within the Portfolio Reserve and risk assets, designed to protect annual lifestyle spending during times of market distress. This paper discusses its design, ben...
Art collections are unique and very personal assets. Planning to build and maintain a collection, and ensuring its future, requires balancing special rules applied to collectibles and the personal and financial realities of individuals or families. When collectors, their families, and their trusted advisors engage in purposeful planning for art col...
Whether you’re building a new home, rebuilding after a loss, or completing a significant renovation, adhering to best practices—including creating defensible space—can greatly increase a home’s ability to withstand a wildfire.
One of the most important, yet most forgotten, parts of estate planning is keeping track of who will benefit from those assets, including life insurance, which are not governed by your will. Providing for your family includes knowing which types of assets are not governed by your will; ensuring your assets are going to where you want them to go; an...
Cybersecurity is a risk for children and adults alike. If you’re online, you’re visible around the world—and with more than 10 billion internet-connected devices, opportunities for hackers abound. Learn how to protect your family from identity theft and cyberattacks at home and while traveling. By knowing what to look for, you can...
Many clients and their advisors are holding their breath waiting to see whether the November elections will provide greater clarity as to the future legislative environment for wealth-owning families. This 2012 Wealth Advisor Forum session examined the interrelationship of politics and economics, particularly effects on individual investors. By out...
While major cyber incidents and data breaches at large corporations capture global headlines, middle market companies are starting to recognize that they are often the prime target for cybercriminals. With generally limited resources, middle market organizations must place a premium on awareness and benchmarking to help mitigate the threat of cyber...
Cyber security is a subject that continues to make headlining news. Because every business is at risk of a cyberattack, it’s important to know what types of threats your business could be subject to and understand the techniques you can implement to help prevent attacks from happening.
In the course of administering an employee benefit plan, many decisions must be made. Whether those decisions are being made by an individual or a committee, the process for making the decision must be prudent. Importantly, if the decision later is challenged by a participant by making an ERISA claim in federal court, how can the person or committe...