Wills, beneficiaries, physical property, and financial accounts: the basics of what most people think about when it comes to estate planning. But as more of our financial and personal lives exist behind login screens instead of paper files, digital assets that hold real value are often overlooked.

Cloud storage, cryptocurrency wallets, airline miles, online marketplaces, and subscription services have introduced a new planning challenge that many families are not fully prepared for: what happens to those digital accounts after death or incapacity?

For over twenty years, I have assisted clients in navigating market fluctuations, tax changes, and life transitions. Recently, I have encountered a new challenge: helping clients who do not have a trusted contact listed. In rare situations, it may be necessary to reach out to someone who can check on you if you are unwell or experiencing difficulties. 

Most financial plans consider two key points in time: when you're fully able to manage your finances and when someone else legally takes over. However, there is often a vulnerable middle ground where your confidence and understanding can begin to diminish well before any formal diagnosis occurs. This gap may not be addressed in your financial plan, potentially putting your wealth at risk. Furthermore, this issue can be more pronounced for individuals who have no children, close family, or friends to support them. 

It may feel like a difficult topic to bring up, but it's a simple fix that can have great impact later. Let's discuss the importance of adding a trusted contact.  

The U.S. rejoined the 197-nation Paris Climate Accord. Under the accord, the U.S. has committed to reducing greenhouse gas emissions by 50% of 2003 levels. President Biden has also stated that his administration wishes to move the U.S. to net zero emissions by 2050.

There is a great deal of trepidation about the potential economic consequences surrounding this matter. The concern is that it will require a lowering of consumption in the U.S. and even our standard of life.

If these targets are not just posturing but serious goals, they may portend both large government spending and tax incentives. Rejoining the Paris Climate Accord may signify a historical capital spending boom by both government and private businesses.

It is very likely you have heard of the book, The Life Changing Magic of Tidying Up, or seen the Netflix series, Tidying Up. This popular system for organizing your house and office, the KonMari Method, was created by Marie Kondo.

What brings you joy?

Kondo and her writings have become incredibly popular both through her engaging personality, practicality of advice, and her simple but deep message.