You’ve got a great job, opportunities for career growth, a good salary – you feel confident in your ability to provide for your family. One important thing to keep in mind, however, is that the wheel keeps turning. There will be ups and downs, and it’s a very good...
Simply put, any asset that hasn’t been used or claimed within a certain period of time is considered abandoned. There are usually very clear laws on what is considered an abandoned asset, how much time must pass for that to occur, and what happens to it afterwards....
OK, financial planning is complex enough. There are various aspects you need to consider, multiple moving parts to account for, a lot of scenarios to think about. Every one of us needs to do it at some point, and the sooner we realize it’s an ongoing effort (as...
What is inheritance? Let’s take a step back and talk about the concept of asset inheritance in general. Simply put, this is the process of a beneficiary (a person or a group of people) receiving ownership of assets that belonged to another person (the benefactor) upon...
Sometimes we become overly focused on the general idea of something and forget about the little details that could “make or break” it. This applies absolutely to our finances. It’s undoubtedly tempting to continuously improve our financial standing – either by adding...
What Is a Last Will and Testament? A last will and testament (commonly referred to as simply a “will”) is a legally binding document which specifies a person’s wishes regarding the inheritance of his or her various assets. In other words, your last will and testament...
What is asset management? Asset management can be described as the set of activities related to managing a portfolio of assets with the goal of increasing their value. For those of you who are interested in a more detailed definition of asset management, we’ve...
First, let’s make an important distinction: there are, generally speaking, two main types of insurance for bank accounts. There’s the guarantee banks are required or encouraged by the state to provide, and there’s the private type of insurance you can purchase...
Whether or not we realize it, we all have various assets that increase both in number and complexity as we progress through life. We're talking: insurance policies retirement funds Stocks real estate digital goods cryptocurrencies Тhe list goes on for a while.20 years...
What is a stock portfolio? Let’s start with the definition. The stock portfolio is a component of the investment portfolio that contains various stocks. Think of it as more of a concept than a physical collection. Depending on the country you’re in and on the method...
