One of the more difficult challenges of estate planning is choosing the right trustee.
In this episode, John and Michael Parise aim to help you gain a better understanding of the implications of choosing a trustee and what to consider when making this decision. They look at what makes choosing a trustee so difficult and what it means to leave someone in charge of managing your family’s assets.
John and Michael discuss:
The role of a trustee and why a trustee should act as a mentor
Their recommendation for what to look for in a trustee and how you can build a relationship and understanding with the trustee before they take control
If trustees can be compensated and whether they should
What it truly means to leave your family in the hands of a trustee (whether they’re another family member or not)
John and Michael are routinely asked about what’s going on with the markets, with the pandemic and what the expectations are with stocks and bonds and real estate. Today, they look to answer many of these questions.
In this episode, John and Michael speak with Peter Andersen, CFA, of Anderson Capital Management. Peter provides some clarity surrounding the current markets and where the trends are pointing, as Peter shares his optimism for the future.
The current state of the market
How your anxieties and fears about the market are played on by the media
Whether he thinks the tax proposals in Washington will pass, and what that could mean for you
Why he’s so confident that we are going to come out of the post-COVID era stronger
Peter C. Andersen, CFA, has managed money for a wide range of clients since 1993. He has direct experience managing separate accounts & over 10 mutual funds throughout his career, including IPO’s for two NYSE-listed closed end funds. He has deep experience with stocks of all kinds, junk bonds, and world asset classes.
Peter Andersen earned an MPA degree from Harvard University, where he was designated a Seamans Fellow. He holds an MS in physics from Yale University, where he was named a JD Skinner Fellow. Mr. Andersen received a BS, summa cum laude, from Northeastern University where he graduated first in his major of physics. He is on the board of the Boston Symphony Orchestra, where he is Chairman of the Annual Funds and a member of the Investment & Nominating Committees. Andersen is also an overseer of the Peabody Essex Museum. He was on the investment committee of the Goldhirsh Foundation, several other non-profits, and elected to the executive committee of the Yale Graduate School Alumni Association.
The potential of tax rates rising understandably has people concerned about their tax planning situations.
In this episode, John and Michael are joined by Edward Gordon of Preservation Capital Partners. Ed runs a tax efficient program for private placement life insurance, and he’s here to explain everything about the program. Ed shares a real life case study to help better illustrate how the program works.
How the strategy of a private placement life insurance policy helps combat the negative effects of the SECURE Act
The cost of the program and what Ed believes will happen with cash value life insurance, and growing tax rates
A real life case study to help better understand how the program works
Edward W. Gordon, founder and guiding principal, has over 20 years of experience in the field of business and estate planning. Mr. Gordon is a graduate of the State University of New York with a major in Business Economics and Finance. He holds the Series 6, Series 63, Life & Health License, and is a Certified Estate Planner.
Mr. Gordon is an active member of The Study Group, an organization devoted to the promotion of ethics, education, and technical advances in the financial services sector. He is also an active member of the American Society of Certified Estate Planners. In addition, Edward Gordon is an active member of STEP, the Society of Trust and Estate Practitioners. Mr. Gordon is a frequent panelist and speaker at industry events. He has authored several articles and a book covering estate planning and related topics.