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The Caldwell Trust Company Blog

Scott Antritt

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Digital Wealth: How to Protect Your Online Business in the Long Run

Posted by Scott Antritt

If you’re like most online business owners, you’ve likely invested a lot of time, resources and energy into your online business. But have you ever stopped to wonder what will happen to your business if you die? While running an online business may differ from running a brick-and-mortar operation in many ways, there’s at least one critical commonality: owners need a plan in place to protect both the business and their loved ones in the event of their own death. Enter digital estate planning.

Here’s a closer look at what all online business owners should know about safeguarding their business with a digital estate plan.

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Topics: Digital Assets, Trusts & Estate Planning

Caldwell's Post Election Thoughts - A Stunning Victory

Posted by Scott Antritt

After a seemingly endless campaign, the voters have spoken and have elected Donald J. Trump as our 45th President. Hopefully, the national mood will become more positive as we move beyond this election. It was truly a historic election as we had our first ever female candidate in Hillary Clinton whom also is the first candidate in modern times to have already resided at the White House for 8 years. On the other side was Donald Trump, the non-traditional, non-establishment self-made businessman who appealed to so many disenfranchised Americans. It is our opinion that the election of Trump was a referendum against the Washington establishment; both Democrats and Republicans.  As Donald Trump said in closing his acceptance speech early this morning,” it’s been what we call an historic event, but to be really historic, we have to do a great job.  And I promise you, I will not let you down.  We will do a great job.” This election has both energized and fatigued us and it’s now time to focus on what the next four years may bring.  

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Topics: Investments

What Are Some Stealth Retirement Moves for the Wealthy?

Posted by Scott Antritt

Retirement procedures and strategies vary slightly depending upon your income bracket. High income earners do not qualify for certain options that are available to those who earn less. There are ways to get around this if you are diligent and consult a professional.

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Employer: Is Your 401(k) Putting You at Risk?

Posted by Scott Antritt

This week, the Supreme Court decided a case that should put all employers on alert in regards to their responsibilities as plan sponsor and trustee of their 401(k) plan. The decision was unanimous and said plan administrators must continuously “monitor trust investments and remove imprudent ones. This continuing duty exists separate and apart from the trustee’s duty to exercise prudence in selecting investments from the outset.”

The case involves claims that a company, Edison International, violated its fiduciary duty when the mutual funds offered in its 401(k) plan had higher expenses than identical funds. The claim stated that the employer chose to use retail share classes when it could have switched into institutional shares which have lower expenses. The decision expands the time limit for investors to sue beyond the standard six-years, stating plan sponsors need to continuously monitor investments. It also established principles that plan administrators must follow as fiduciaries – to act with “care, skill, prudence and diligence”.

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Topics: Retirement Plan Services

Who Gets Custody Of My Assets?

Posted by Scott Antritt

Appointing an investment adviser or a trust company to administer your trust and provide asset management is a decision that is based on several considerations. Not only is the adviser and company’s reputation for excellent service a key factor but you want to rest assured that your assets are properly accounted for and will remain safe under custodial care.

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Topics: Trusts & Estate Planning

The Importance of Maintaining a Personal Financial Organizer

Posted by Scott Antritt

It’s important to create a personal financial organizer when thinking about getting your affairs in order. While no one likes to think about what might happen down the road, it’s best to settle these matters while you still can. It’s even more important if you are single, or if you’re the sole person in your family that takes care of financial matters.

In the event that you become unable to manage your finances, having a financial organizer will make it much easier on the loved one that will be responsible for taking over.

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Topics: Trusts & Estate Planning

Do I Need a Safety Deposit Box?

Posted by Scott Antritt

Keeping your most precious items and financial documents safe and secure should always be a priority for a family’s financial manager. While you may be tempted to keep your items close to you at home or in a personal safe, there is one location that provides the assurance you need to keep your information secure throughout your life: a safety deposit box.

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Topics: Investments, Trusts & Estate Planning

Constructing Your Financial Organizer

Posted by Scott Antritt

There are numerous suggestions and ideas on how to go about organizing your personal financial information. Go to Google and there will be pages upon pages of recommendations. Some are rather simple and others can be fairly complex. It doesn’t matter how you chose to get organized but you must choose some process that is easy to repeat and continue. Here are a few recommendations to organize the major financial items in your life for quick reference for you or your loved ones.

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Topics: Corporate

Top Five Steps to Protect Your Assets During An Economic Downturn

Posted by Scott Antritt

Today’s economy has rebounded solidly from the Great Recession of 2008-2009, although growth has returned at a slower pace than historical averages. That being said, the economy remains at risk for another downturn which could come sooner rather later. Many people suffered through this past recession due to the loss of a job, negative investment returns and too much debt. Like any disaster, if you prepare today it is highly likely your financial assets will be protected during the next recession. These steps will not only give you peace of mind but will put you on the road to building wealth.

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Topics: Investments

 


 

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