The Changing Face of Wealth Planning

August 15, 2014

By Ayo Mseka Based on a nationwide survey of 680 U.S. high-net-worth (HNW) individuals with $3 million or more in investable assets,  The 2014 U.S. Trust Insights on Wealth and Worth  study finds that changing family structures, multi-generational and extended family circumstances, evolving gender roles, and generational views on investing and use of wealth are challenging traditional approaches to wealth planning. U.S. Trust found that family dynamics, including change in family...

Goals at Risk

August 15, 2014

By Ayo Mseka Two surveys looking at life insurance protection conducted before and after the Great Recession finds Americans’ gap in protection has worsened considerably. Americans say they want enough life insurance, on average, to cover expenses for at least 14 years after the loss of a breadwinner, but in reality, they only have three years of protection. More families are going without any life insurance coverage “My question is: What happens in the fourth year? If you pa...