However, is there a sweet spot (aka, the perfect time and place) for a corporate trustee? The truth is, it depends. But thankfully, corporate trustees can be hired for a multitude of reasons.

There is no legal definition of “financial advisor” and that creates a big problem– when anyone can freely use the term, everyone inevitably will. Seriously, this is just like when everyone started putting “entrepreneur” in their bios and on their business cards.

Remember the fairy tale about Goldilocks? You know, the little blonde girl who broke into the home of an innocent family of bears, and helped herself to three meals and a nap? Moral ambiguities aside, Goldilocks was right about one thing: ultimately, everything comes down to finding out what best fits your preferences. Not too hot, not too cold. We all are looking for something that is just right. Believe it or not, financial advisors fit a similar pattern.

Let’s be honest. Figuring out your insurance premiums can feel chaotically complicated. Tax laws are cryptic, options depend heavily on individual circumstances, and the whole system can all feel far too complex to navigate. I can feel your eyes glazing over already. It’s a wonder we don’t all rip up the papers and walk away...

Think life insurance is a complete waste of money? You’d be dead wrong. The truth is, when planning over the course of a lifetime, an insurance policy is an irreplaceable component of your financial future. Consider for a moment – the possibility of how an unexpected death in the family can affect every aspect of a person’s life: education planning, estate planning, risk management.

As an investor, you can opt to donate a variety of financial assets, from government bonds to mutual funds as well as cold hard cash. For certain investors, directly donating shares of a publicly-traded stock can also be one of the most appealing ways to contribute to a cause they care about. Donating stock can even yield a number of tax benefits, which can be a welcomed bonus.

The world can be unpredictable and volatile. Events like global pandemics, divisive elections, or soaring inflation bring about uncertainty and fear for investors. However, the best thing you can do is stay focused on developing a plan that will help carry your success forward so you can continue building the future you dream of. As the saying goes, even if the plan is simple, it may not be easy.

When it comes to choosing a financial advisor, complexity can quickly begin to feel chaotic, especially when a fee structure is entangled with outside sources. For this reason, a fee-only advisor may be the most comfortable choice for a number of individuals. Fee-only advisors only receive fees from the clients they are working with and provide advice to, and cannot accept payments from other sources, no matter what products they’re offering.