Families with significant or fast-growing assets are often concerned about minimizing estate taxes, protecting assets against creditors, and succession planning. One estate planning tool used by many families to address these concerns is a family limited partnership ("FLP").
After 30 years as both a financial coach and a lawyer, I’ve learned a lot about human nature. People often don’t get real until we set the spreadsheets aside. Money talks, but it also triggers deeply ingrained behaviors and assumptions. Becoming aware of those behaviors (so that they work for and not drive us) is the foundation of sound decision-making, financial or otherwise.
As most are now aware by now, Russia launched a large-scale invasion of Ukraine—one of the most significant geopolitical events in decades. As we reflect on the news, we are primarily concerned about the countless innocent lives that will inevitably be impacted by this war.
To set your heirs up for success, craft a practicable plan for passing down life and work skills – attitudes and attributes – as well as wealth.
Succession planning takes the skills and experience that made you successful in the first place and focuses them on what your business and business heirs need to thrive in a changing world.
It's been a rough start of the year for the stock market and it could get worse. The federal reserve has projected it will raise interest rates three times this year to curb inflation.
BST & Co. CPAs has created a new wealth management division called Affinity BST Advisors following a merger between BST Wealth Management LLC and The Affinity Group, a boutique wealth management firm.
As we head toward the holiday season, many people start thinking about year-end planning and giving back to their favorite charities. It occurred to me that this is not the only time of year people should think about doing good for others.
Affinity BST Advisors, LLC. introduces a new partnership, and a new brand. Entrepreneurs of a better way to ensure your family’s financial health for generations. We are transforming the model for financial planning.