Most Family Businesses Mistakenly Lack Formal Asset Protection Plans

There are a number of ways family members can lose their hard earned wealth. One possibility for loss is frivolous lawsuits. Furthermore, they often take a serious psychological toll. A way for family business owners to potentially inoculate themselves against groundless legal actions is by adopting appropriate asset protection strategies. Asset protection planning is the process of [...]

By |February 13th, 2017|Uncategorized|

The Two Biggest Mistakes In Setting Up A Single-Family Office

With the boom in private wealth and the rich getting richer, the number of new single-family offices is keeping pace. A consequence of the boom in single-family offices is that a percentage of them are being setup badly. According to Angelo Robles, founder and CEO of the Family Office Association, “A lot of different types [...]

By |February 13th, 2017|Uncategorized|

Financial Education For Entertainers And Athletes

Malicious or incompetent advisors, neglecting to say “no,” and not grasping the true nature of the business can easily lead celebrities – entertainers and athletes – who have leveraged their talents and drive to create significant personal wealth to lose their fortunes. These same reasons have been shown to adversely affect other entrepreneurs often aligned [...]

By |February 7th, 2017|Uncategorized|

Professional Athletes Often Suffer From Bad Financial Advice

There is a lot of evidence that a majority of professional athletes have severe financial problems including bankruptcy, usually when their sport careers end. There are a number of pronounced reasons for this with getting bad financial advice prominent and often a key contributing reason. Stories of athletes losing lots of money, and even going [...]

By |July 12th, 2016|Uncategorized|

The Downside Of Celebrity

There are considerable benefits to being a celebrity. There is the money, the adulation of fans, and the doors fame opens. There is also the fact that most celebrities are doing something they are very passionate about. At the same time, there are some very significant downsides for celebrities especially as they excel. The following [...]

By |June 27th, 2016|Uncategorized|

Many Professional Athletes Would Be Well Served If They Learned To Say ‘No’

A number of factors can contribute to the financial problems – including bankruptcy – that plague many professional athletes. One of these factors is an inability of the athletes to say “no” to themselves, their family, and close friends. Even though many professional athletes earn substantial monies, a significant percentage end up in serious economic [...]

By |June 23rd, 2016|Uncategorized|

The Evolving World Of ‘Money Is No Object’ Medical Tourism

Medical tourism is when people travel to other countries for healthcare services. Traditionally, those in countries with less capable medical care would go to higher-quality healthcare facilities in countries with more capable medical care. More recently, there is a speedily growing trend of individuals seeking medical care in places because of the cost savings and/or [...]

By |June 21st, 2016|Uncategorized|

Wealth Management Tied To Loan Out Corporations For Celebrities

Loan out corporations are common ways for entertainers to protect wealth and mitigate taxes. However, relatively few of them are using them as effectively as they could. With a loan out corporation, the celebrity is an employee of the firm. The loan out corporation contracts with other firms such as production companies. His or her [...]

By |June 15th, 2016|Uncategorized|

The Unstoppable Burgeoning Healthcare Divide

The wealthy have the propensity to live longer and heather lives than those less affluent. This is due to a number of reasons including access to healthier foods and superior medical care. Correlated to wealth inequality, there is healthcare inequality. Moreover, the wealth gap is increasing, but it may not compare to the healthcare divide. [...]

By |June 6th, 2016|Uncategorized|