Trusts continue to gain in popularity, both in our office, by the general public, and in their usage and effectiveness in our opinion.
Here in this post is a great summary of Trusts and their various types and uses.
As a reminder, Trusts are not for everyone, they are VERY useful in the correct situation, but in a perfect world, not always necessary…. What follows speaks to those with few other options!
In this preview article of the coming newsletter – (yes we are already working on the Q2 Newsletter) we wanted to dig deeper into the use of and Institutional Trustee or Trust Service.
Why you may need an Institutional Trust Service
An Institutional Trust Service can be thought of as a formal outside professional entity that will perform the desired services you have requested in your personal Trust.
We cannot be your Trustee or Professional Trust, but the good news is we have a VERY good relationship with a Professional Trust Service that can seamlessly honor your wishes as needed, and allow J.K. Financial to continue to drive the Financial Planning and Investment process.
- No other comfortable option – Many times a friend/family member is preferred
- Want an iron clad back up
- Calming possible family feuds
- Long lasting legacy desired
- Desired attention to details such as monthly distributions, bill payments etc.
Are just a few reasons that an Institutional Trust/Trust Service may be just the perfect fit for your Trust!
Have a Great “Perfect Trustee” Day!
John A. Kvale CFA, CFP
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April 2016 Video, Economic and Capital Market Monthly Review, By John Kvale
Here is our April 2016, all new…trendy format Monthly Economic and Capital Market Review, along with a Video for your viewing and listening pleasure. Hope you are enjoying!
April 2016 Video
Financial Planning Tip – The Estate Plan
Estate Docs Summary
Recently we came across the fact that we did not have a post with a summary of Estate Planning Docs. Here is a link to the detailed explanation of each.
The documents needed:
A good Estate Plan will likely include most of these documents.
Economic Update
US Dollar Takes a rest
After a scorching run (much stronger) in 2014 and early 2015, the US Dollar has slowed it’s ascent. While travelers abroad have enjoyed a stronger translation of currency, headwinds have occurred in many other ways.
GDP Update
The first Quarter of 2016, Gross Domestic Production (the broadest measure of economic growth/production) was revised to .5%. The Federal Reserve members want this much higher, think 2% plus.
As can be seen this number is volatile and for some reason has been showing a rather weak first quarter reading the past several years.
Two consecutive negative readings of GDP are the definition of a recession.
Capital Markets Update
Commodities
After dropping to $26 and change in February, oil breached $45 a barrel this latest month. It is highly possible that when we look back on the affects of this extremely low oil price had on our economy, it MAY have been much greater than we ever expected.
Oil related tentacles may have gone much more broad than measured. Another benefactor of the stable/weaker US dollar.
International Markets
Little brother international markets, more commonly known as Emerging Markets may be getting their feet under them. Tossed out and left for dead, these markets may have the strongest long term growth potential in the world.
Have a Great Day!
See you again at the end of May !
John A. Kvale
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
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Posted in Economy, Investing/Financial Planning, Market Comments, Monthly Review, Video
Tagged Econoday, Estate Planning, GDP, POA, Power of Attorney, Trust, Will