While some consider becoming a successor trustee a great honor, it is also a great fiduciary responsibility. As successor trustee, it is your duty to ensure that the trust estate is handled according to the trust document and the trustor’s wishes. When a loved one passes away, there are many tasks to be done and things to consider. Below is a list of some actions the successor trustee should consider.
For the first time since the data collection began in 2002, there are more job openings in the US than there are people unemployed (see chart below). We are currently in the second-longest economic expansion in our history, and if it continues through July 2019, it will become the longest. This has led to a period of prolonged job creation, which has driven down the unemployment level below four percent.
Traveling can be an exciting and eye-opening experience! With thrill and anticipation on the horizon, it’s easy to get wrapped up in planning your excursions and adventures. However, it’s important that you don’t forget about security and safety planning. Here are some travel safety tips you should consider next time you take a big trip.
“Service Heart” is one of Schultz Financial Group’s core values. In addition to serving our clients, we strive to serve our community by volunteering and giving back, both as a team and as individuals.
In general, tax-free investments, such as municipal bonds, have lower yields due to their tax-exempt status. When evaluating municipal bonds as a possible investment, you must use the taxable equivalent yield. This is because the taxable equivalent yield is the return required on a taxable investment to make it equal to the return on a tax-exempt investment.
SOFR (Secured Overnight Financing Rate) interest rates are beginning to accompany LIBOR (London Interbank Offered Rate) across banking institutions in America, with many institutions implementing as of Q2 2018. The move from a LIBOR-only base rate market marks an important step in correcting rate fixing between banks. This blog post explains rate fixing, the difference between SOFR and LIBOR, and the implications of this new rate.