ProVisors Thought Leadership

Latest from ProVisors Thought Leadership

Although you may be close to your parents, talking about their plans after their passing can be a hard and awkward conversation to have. To help move this conversation along, we wanted to share some tips to make it run smoother. 1. Choose the Right Setting When having tough conversations, it is best to have them privately and at a time where you have everyone’s full attention. Once you have everyone’s attention, it is a good time to mention your future plans and segway into learning about your parents’ plan. Start by mentioning something like “I’ve been thinking a lot…
As much as you may think you can trust someone, you always want to be careful, especially when it comes to taking care of precious assets. When a trustee mismanages an account, it can be devastating. Based on the specific circumstance that took place when mismanaging the trust, there are various approaches that a beneficiary can take. We elaborate on them more in this blog. How Can a Trustee Mismanage a Trust? According to LawInfo, here are some common ways trusts are mismanaged by trustees: Using trust funds to make investments that were not permitted by the trustee’s powers…
This video is about the importance of aligning your culture, with the results you are trying to produce! What got you here will not get you there! To create an unprecedented result, you have to change how people think and act!. You have to change the culture.…
You’ve created your living trust, and now it’s time to start thinking about what you should put in it. Even though it may seem like a good idea to put everything in it to be safe, it’s actually better to be more selective. Which Items Should You Include in Your Trust? According to The Balance, the following items should be included in your trust:       See the eight items here: What Assets Should I Include in My Trust?
Even as the US goes back to the office, new “norms” such as the wearing of masks, avoiding handshaking, and the expansion of “personal distance” will become commonplace.   With those norms, it will also be much more common that businesspeople work from home.   With a significant increase in work from home arrangements, businesses will suffer a far more increased risk of security breach as far more information is uploaded, transferred and stored online than ever before.     Join us as Tami Semler discusses the ins and outs of proper cyber insurance, Natalie Remien covers the landscape businesses will have to navigate…