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Money IQ

Trustee: Corporate v. Individual

You have met with your attorney and discussed your estate planning needs. You have decided that you do want a trust. If you create what is commonly known as a revocable living trust, regardless of the trust provisions, the next big question is once you can no longer act as trustee whether due to death or incapacitation, who should be successor trustee? 

A trustee is a fiduciary who is obligated to the trust beneficiaries as the trustee manages and controls the trust assets. Fiduciary duties confer specific legal responsibilities Read More

Change: When is it a metamorphic one? And when is it an inevitable evolutionary step?

Whenever a new manager comes on board, she wants to make some “changes” to demonstrate that she is in charge and her ideas will bring something new and energize people under her changed structure.

Many a managers want to do this regardless whether changes are necessary. Yet, “the more things change, the more they stay the same.” The joke for incoming manager/CEO is, “same tree, different monkey.” Real changes are of transformative nature where the core of being, be that an organization, a group, or Read More

Money IQ

The U.S. Economy 2013-So Far So Good

The U.S. economy has been fairly resilient so far in 2013, despite facing many challenges. The fiscal cliff, the combination of tax increases and government spending cuts that began at the start of the year were largely averted.

The debt limit was increased, avoiding a contentious debate with potential negative ramifications for the economy. Finally the $85 billion in spending cuts that were agreed upon in 2011 as part of the debt ceiling reductions started in March of this year and are beginning to be felt across the economy.

The global Read More