Potential game changer for family transfer of Art

Nov 4, 2014 | Wealth Management

Partial ownership of art has historically not been granted valuation discounts for estate tax purposes such as those enjoyed by Family Limited Partnerships. However, this recent case detailed in the New York Times may change how ownership of art is structured for wealthy families as this family was able to attain substantial partial ownership valuation discount...
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Stocks recover!

Oct 17, 2014 | Wealth Management

After being in free-fall over the past few weeks, stocks have turned positive on Friday after a string of upbeat readings on the economy, particularly regarding labor, industrial production and housing starts.  Also, global central banks seemed poised to "grease the wheel" with more stimulus.  Domestic stocks are in the beginning of earnings season and ...
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The Biology of Risk

Jul 2, 2014 | Wealth Management

During a USA World Cup soccer match, my emotions can sometimes get the best of me. Emotions can be fine during a soccer match, but not regarding your investments. This NY Times article describes the strong reactions our bodies have to risk. However, I believe when you add strong emotions (such as investors managing their own investments) to risk, this can trigger a "panic" like physiological...
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Digital Estate

Jun 12, 2014 | Wealth Management

In the ‘80’s, Madonna was singing “I’m living in the material world, because I’m a material girl.”  However, fast forward to 2014, you need to replace the word “material” with “digital”. 

A survey done by McAfee in 2011, found that the average US internet user placed a value of $55,000 on their digital assets.  While some digital a...
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Lessons from Dad

Apr 22, 2014 | Wealth Management

Sometimes, it’s just better to learn from the mistakes of others. Liz Ozaist had a hands-on education on managing an estate with inadequate, or in this case, no estate plan. Last year she wrote an article in Forbes titled “What My Dad’s Death Taught Me About Money” in an effort to help people understand the importanc...
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It's a small world after all

Feb 4, 2014 | Wealth Management

To understand investing today, you must familiarize yourself with the magical words from Mickey’s Kingdom: "It’s a small world after all." Much of the recent downturn in the market has been fueled by challenges overseas as emerging markets continue to suffer from concerns about 1) downward pressure on their currencies resulting in higher interest rates, 2) assets being moved to stronger currencies adding further headwinds to already fragile economies, and 3) a downturn i...
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Happy New Year!

Jan 6, 2014 | Wealth Management

The Markets

Equities rang in the new year by taking a bit of a breather. As investors decided to take some of the profits that the Santa Claus rally had left in their stockings, the Dow lost 135 points on 2014's first trading day, though it regained much of that the following day. The other three domestic indices fared slightly worse, though not as badly as the Global Dow. Meanwhile, gold showed signs of new life after its disastrous 2013, jumping nearly 3% in the first two days ...
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Retirement Party!

Oct 28, 2013 | Wealth Management

Let us help you plan your retirement party!

If you are nearing retirement or your employer has offered an early retirement program similar to the Next Step Program offered at Toyota Motor Manufacturing Kentucky, we encourage you to give us a call.  We get to know you and your family and help you navigate your 401(k) rollover into an IRA and establish an investment program that h...
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When there's a will, there's still a way to have a complete mess!

Oct 10, 2013 | Wealth Management

Regardless of how well worded your will, or how exquisite your trust, if you forget to update your beneficiary designations on your retirement plans and insurance policies, you are leaving a potential disaster.

Warren Hillman died in 2008.  He had been divorced for 10 years and had since remarried.  Enter a life insurance polic...
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He left his fortune to no one!

Sep 17, 2013 | Wealth Management

“He was a very smart man but he died like an idiot,” said Paul Skurka of his friend Roman Blum who died last year with an estate worth around $40 million, and, as you probably guessed, no will.   Mr. Blum’s story is rather amazing from being a holocaust survivor to a very successful real estate developer...
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And down the stretch they come!

Aug 7, 2013 | Wealth Management


Jeff Schriefer
VIce-President
Wealth Management
Bank of...
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