Many of our clients have philanthropic inclinations, giving significantly of their time and their wealth. Some use trusts and estate planning techniques to achieve their giving objectives, while others form private foundations to support their charitable objectives during their lifetimes. Many of our clients also participate on the boards of not-for-profit organizations with substantial endowment funds.
In alignment with our client’s participation with charitable organizations, Perkins Coie Trust Company also delivers services to private foundations and endowment funds. These services include:
Don’t consider it important to pass wealth to the next generation
Prefer to leave money to charity
“2012 Insights on Wealth and Worth,” US Trust survey
Strong cyber hygiene development and practice includes; the implementation of robust passwords, and the security of devices especially when travelling. Determine if encryption for phones, laptops and smart devices may be needed. Also, remember utilize detection software for protection from spear-phishing (an email fraud attempt targeting confidential information) and malware (software intended to damage or disable systems).
Seventy-six percent of wealthy Generation X clients are satisfied with their financial professional. Fifty-four percent of millennials are likely to move their assets if their provider lacks the digital tools they desire.
Source: Cerulli Associates
Retired couple in their early 70s living off of income from social security, teacher’s pension and sizeable IRA account…