Between industry news and personal experience

Donor Advised Funds (DAFs) have emerged as a versatile and tax-efficient method for philanthropy in today's charitable landscape, allowing donors to contribute assets and receive immediate tax deductions. These funds grant donors flexibility, privacy, and the potential for investment growth while facilitating strategic and multi-generational giving, making them a valuable tool for individuals and organizations seeking to create a lasting impact on their chosen causes.

Serving as a trustee is an honorable responsibility that involves acting in the best interests of the trust and its beneficiaries, adhering to fiduciary duty. Understanding the trust document, making prudent investments, maintaining open communication, and complying with legal and tax requirements are key aspects of fulfilling this vital role effectively.

Knowing how your Social Security benefits will be taxed is an important part of planning for retirement. Learn more about Social Security benefit taxation here.

Professional guardians play a crucial role in ensuring the well-being and financial security of individuals who cannot manage their own affairs, and they can benefit significantly from the guidance of knowledgeable financial advisors to navigate the complex financial landscape and fulfill their fiduciary duty.

Fiduciary duty is the paramount standard of care and trustworthiness that financial advisors must adhere to, always acting in their clients' best interests, and offering personalized strategies for comprehensive financial planning, providing clients with peace of mind and a sense of security in pursuing their financial future.

This blog will provide tips to help people understand what documents they should keep and what documents they should shred.

Think extended care isn't affordable? Find out how you can save on costs to get the necessary care.

Vernick Financial has years of experience working with Guardians, Trustees, and other fiduciaries and supporting them while they manage their client's assets and create a financial plan.