The Caldwell Trust Company Blog

What Happens To Your Digital Legacy When You Go?

Posted by Sandy Pepper

When developing an estate plan, there are so many elements to worry about that many people end of forgetting a whole category of assets: digital. Digital (especially social media) has become such a nuanced and integral part of our lives in such a short period of time that it becomes a blind spot. However, your digital legacy is just as important as the rest of your assets. In today’s post, we’ll give you a rundown of what you need to know before you start digital estate planning, how digital assets should be integrated into your estate plan, and why this process matters in the first place.

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Topics: Trusts & Estate Planning

6 Misconceptions About Retirement Best Practices

Posted by Tony Blasini, CPC, QPA

When it comes to retirement planning, many people in the workforce don’t really think about it. They put money into the 401k provided by their employer and focus on their financial needs in the moment. Unfortunately, this lack of true planning leads to a lot of misconceptions about retirement best practices. Here are seven assumptions you may be making about retirement, along with the reality you need to be aware of.

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Topics: Retirement Plan Services, Trusts & Estate Planning

Your Essential Estate Planning Documents to Gain Peace of Mind (Part 2)

Posted by Jan Miller

In a previous post, we discussed two essential estate planning documents that will give you and your family peace of mind, and this post follows up with three more essential documents. This blog post series will help to clarify your final wishes about everything from assets to health directives and more, providing peace of mind for you, and your heirs and loved ones.  

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Topics: Trusts & Estate Planning

Your Essential Estate Planning Documents to Gain Peace of Mind (Part 1)

Posted by Jan Miller

We know that planning for your family’s future, for after you are gone, may feel daunting on many levels. The reality is, your loved ones will be better off when you pay proper and timely attention to your estate planning now.

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Topics: Trusts & Estate Planning

The Importance of a Fiduciary: What You Need to Know

Posted by H. Lee Thacker, Jr., CFP

When it comes to protecting your assets or ensuring your wishes are carried out when you are incapable of communicating them, you can hire fiduciaries to act with your best interests in mind and make decisions on your behalf based on their knowledge and area of expertise.

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Topics: Investments, Trusts & Estate Planning

What Is the Intent Of The Settlor When It Comes To Discretionary Language Within Their Trust?

Posted by Sandy Pepper

Every family has their own unique make-up and no two are alike – each member of a family has their own separate distinctions and when planning for loved ones, creating a Statement of Intent is important not only for the trustee, but also for the Grantor’s beneficiaries. It would be nice if all families got along, all children were gainfully employed and without issue, family meetings took place and all children were fully informed of their parent’s estate plan. This is generally not the case and doesn’t happen very often. Thus it is important for a Grantor to provide some guidance to the trustees.

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Topics: Trusts & Estate Planning

In The Blink of An Eye…Life Changes

Posted by Caldwell Trust


It is far too often that the first meeting we have with a family is after an unexpected tragedy. As we all know, life can change quickly. It can go from good to incredible or mediocre to horrible in seconds, and no one holds the crystal ball.

To make this all too vivid, here are 15 six-word captions that will take your breath away:

“The smallest coffins are the heaviest.”

“Brought roses home. Keys didn’t fit.”

“One bullet is a lifetime supply.”

“Mom taught me how to shave.”

“Introduced myself to mother again today.”

“I just saw my reflection blink.”

“An only son, a folded flag.”

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Topics: Trusts & Estate Planning

The Bucket Theory: Managing Freshman Year of College

Posted by Caldwell Trust

The first year of college is often a child's first step into the adult world. With that step comes fun and freedom, but also a need for them to adopt responsibility over aspects of their life that up until now their parents took care of for them. There will no longer be someone managing their money, setting expectations, and reinforcing guidelines on a daily basis and sometimes this sudden change can send a freshman college student spinning out of control. To avoid this, a conversation regarding money and time management is a parent's first step. Although you will not be there every step of the way, you can still create guidelines for your child to follow even when they are miles from home. Read More
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Topics: Trusts & Estate Planning

What Is the Role of a Fiduciary?

Posted by Sandy Pepper

For those of us in the trust, investment management and retirement services business, we hear the word “fiduciary” on a daily basis. For many, it may sound like an important, formal word, but one which you may not be able to define. 

In its simplest term, a fiduciary is an individual or institution whom another has placed the utmost trust and confidence to manage and protect property and/or money. From the Latin word “fiducia”, meaning “trust” a fiduciary is held to the highest standard of conduct and trust. Generally, fiduciaries are trustees named to serve over assets held in a trust for a beneficiary. The fiduciary is held  to the highest standard to administer and invest those assets prudently as their primary duty is to the beneficiary(s) of the trust. 

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Topics: Trusts & Estate Planning

Managing the Impact of Wealth for Future Generations

Posted by Sandy Pepper

Many families worry what the impact of wealth will have on their children and how and when to communicate about wealth. Each family’s wealth, their heirs, and their balance sheet and the type of assets they own are different. More important, the relationships clients have with their children are unique and quite possibly different with each child. Thus, there is not a one size fits all to these discussions and frankly they should be lifelong discussions.

One of the most important aspects during these discussions is to be clear on what your values are; if the wealth is multi-generational and you have inherited a portion of your current wealth, the values of prior generations should also be discussed.  In the majority of cases, the death of a parent is not the time for the children to find out about their inheritance and wealth transfer.

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Topics: Trusts & Estate Planning

 


 

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