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The Caldwell Trust Company Blog

Millennial Habits and the Impact on Their Financial Security

Posted by Marci Sweat

Millennials (those born between 1981 and 1996) are entering their prime spending years and have a significant impact on our economy and world. Collectively, Millennials in the U.S. have a spending power of $200 billion, which is set to overtake Generation X by 2020 and expected to rise. Furthermore, this generation earns a yearly average income of around $56,000, before taxes.

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Topics: Trusts & Estate Planning

How to Protect Your Social Media Assets

Posted by Sandy Pepper

You can utilize the following tips to protect your social media assets and make the transition easier on your loved ones.

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Topics: Trusts & Estate Planning

The Role Your Retirement Plan Option Plays in Recruiting Top Talent

Posted by Tony Blasini, CPC, QPA

The competition for top talent is fierce in today's job market. One possible differentiator for companies aiming to recruit - and retain - the best and brightest candidates? Retirement plan options. Here’s a closer look at the pivotal role retirement plans can play in enticing top talent, along with tips for building a retirement plan that will improve your outcomes.

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Topics: Trusts & Estate Planning

Year-End Round Up: Our Top Must-Read Posts of 2018

Posted by Kelly Caldwell

As we wrap up 2018, we can’t help but to reflect on the myriad of content we’ve shared throughout the year to help you achieve financial security. We’ve covered everything from estate planning and investing to retirement planning and even protecting your digital assets. With every resource that we create, our goal is that you receive the information, advice and resources you need to make better financial decisions for your future.

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Topics: Retirement Plan Services, Investments, Trusts & Estate Planning, Healthcare

How To Turn Your Estate Plan Into A Legacy Plan

Posted by Sandy Pepper

Planning for your financial future can seem like a complicated process - especially when you factor in the many different terms that come up in the conversation. Two particular terms that people may use interchangeably? Estate planning and legacy planning. However, they’re not the same thing.

Here’s a closer look at the difference between estate planning and legacy planning, along with reasons why incorporating the latter into your financial planning process is the best way to comprehensively define the legacy you’ll have after your death.

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Topics: Trusts & Estate Planning

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: Trusts & Estate Planning, Digital Assets

The Cost of Leaving No Will and Why Everyone Needs One

Posted by Wendy Fishman


If you don’t have a will, you’re far from alone. In fact, a 2017 Caring.com study reveals that 60% of Americans don’t have wills for a variety of reasons, including not wanting to think about such a difficult topic, lack of time, no kids, and having a small estate. There are even celebrities who fall into this category, including Prince and Aretha Franklin who recently passed without leaving a will.

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Topics: Trusts & Estate Planning

A Breakdown of Key Elements Inside an Estate Plan

Posted by Gina B. Jordan, CFP® , CTFA

Estate planning is something that people know they should do, but most never do it. In fact, nearly 60% of adults lack important estate-planning documents, according to a Caring.com study.

Although it may be uncomfortable, estate planning has a positive impact in your time of need, giving you and your family reassurance that your wishes will be carried out upon your death. If you don’t have an estate plan in place, you risk giving the court control over how your assets are distributed, or worse even, your entire estate can go to the state. In either case, you may cause your grieving family a great deal of stress and trouble that could have been avoided with an estate plan.

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Topics: Trusts & Estate Planning

What Happens If You Don't Have an Estate Plan?

Posted by Sonya Kristie

An estate plan gives you the opportunity to proactively manage your individual asset base if an accident, illness, or other event should leave you incapacitated or deceased.

With proper estate planning, you can provide clear instructions for managing and distributing your assets and liabilities, and ensure your decisions are carried out. A few key components of estate planning include selecting who will receive your assets, as well as who will be responsible for paying any outstanding debts and settling any estate taxes.

Most people turn to an attorney who has experience in estate law to ensure they have done everything correctly, to make important estate plan updates, and to provide counsel if needed.

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Topics: Trusts & Estate Planning

Estate Planning Terms Defined: Will, Trust, Power of Attorney, Letter of Instruction, and More

Posted by Gina B. Jordan, CFP® , CTFA

Estate planning is something each of us needs to do. In the event of illness or death, an estate plan makes it easier for your loved ones to manage your affairs and assets.

The prospect of completing your estate plan, however, can be overwhelming, especially if you don’t understand the terminology. That’s why we’ve compiled this list of the most common words used in planning the management and disposition of your assets upon your death. When you have a better grasp on key terms, you’ll be better prepared to complete an estate plan that meets your needs and helps your loved ones cope with whatever the future brings.

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Topics: Trusts & Estate Planning

 


 

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