To mitigate some of that damage, it’s important for 50-plus divorcing couples to recognize the specific financial (and other) challenges they’ll face and try to tackle them head-on. There are some of the key issues to consider. 

Even if you’re financially comfortable, a holistic wealth plan matters. Beyond investments, it integrates taxes, legacy, risk, retirement cash flow, and giving—helping ensure your money works today and supports the future you envision.

Wealth today requires a sophisticated approach. Ultra‑wealthy families use a holistic framework to manage and grow assets. Adopting this mindset—even without $25M—can help you better oversee your financial life.

Here’s an uncomfortable truth you need to accept: Someday—hopefully in the very distant future—you are going to die. The good news: You can make that moment easier on your heirs by taking a few simple steps.

Want to unplug? Many vacations let you relax with minimal effort, from all‑inclusive resorts to luxury cruises. But you can also choose a getaway that not only helps you unwind but actively boosts your overall health.

Wealth and family can be a tough mix. While affluence can support shared goals, it can also spark resentment and conflict. Here’s a quick look at family constitutions—what they are, how they help, and how to create one.

Exploring remote, exotic destinations is a dream for many. If you’re able, you can visit the world’s most stunning places in style—while skipping many of the hassles that often come with travel.

Family conversations are key to preserving your legacy and can be tough but without them, wealth and intentions can be lost. Here’s guidance to help you set the stage and lead meaningful discussions.

You’ve probably worked hard and invested diligently to build wealth toward your retirement. Taking a holistic view of your golden years can be a great way to get on a path that enables you to enjoy your retirement years fully.

As older Americans continue to face the rapidly growing problem of elder fraud, how can you keep your loved ones safe? Here are the six things you can do to protect them from financial exploitation.

Wealthy families often take every precaution in preserving their legacies for future generations, with carefully constructed estate plans, wills and trusts. Learn More about what is often overlooked?

December is a great time to reflect on your financial goals. Where are you now—and where do you want to be next year? Clear questions help you prepare for annual advisor meetings and set the stage for a strong year ahead.

A Family Letter isn’t a legal document, but it’s a thoughtful way to share personal and financial messages with loved ones. It’s a comforting tool for heirs and a meaningful legacy for the family left behind.

Many Americans avoid discussing wealth with adult children, but these talks are key to reducing confusion, protecting loved ones, and preserving a legacy. Open communication ensures clarity and care.

While gifts of cash can have a tremendous impact, there are ways to give that provide the donor with tax benefits as well.

Having a family meeting to discuss your estate and financial matters is a great way to facilitate this important conversation and could be a major step toward ensuring family wealth remains just that, family wealth.

If you have significant assets along with a strong desire to use that wealth in ways that can positively affect your community—or even society at large—you might consider starting a family foundation.

We all want our children and grandchildren to be critical thinkers and to find their own way in the world. But we often want them to also adopt the family’s values and, in some cases, the responsibilities of running a family business.

It’s unsettling to get a notice that your data may be compromised in a breach. But remember—no damage may have occurred yet. Act quickly using a few key steps to limit risk now and protect yourself from fraud going forward.

With the explosion in the extent to which we live our lives online, we can no longer exclude digital assets from the estate planning process. In the modern age, it’s vital to prepare a digital inventory, including usernames and passwords.

Effective family governance unites families in managing wealth and business, clarifies roles, and guides decision-making. Clear, agreed-upon rules reduce confusion and foster accurate, positive communication.

Choosing a trustee is key when setting up a trust. They’ll protect your family’s privacy, manage assets, and honor your wishes. Here's what to consider when selecting the right person for the job.

Save smart, spend healthy! An HSA helps you grow tax-free savings for medical expenses—triple tax benefits and long-term value. Is it the right fit for your health and wealth goals?

While women generally live longer than men, many become widows earlier than expected. Here are common myths about widowhood—and how women can prepare for living alone.

Retirement can bring major lifestyle changes—and financial ones too. Whether you're retired or planning ahead, here are five key money moves to consider.

In a world that’s constantly changing, how can you make sure your money is working for you right now? Even if you feel confident that you may not outspend your money, there are still essential questions to consider.

Congress passed a budget reconciliation bill, the “One Big Beautiful Bill" Act, that tackled two main goals: extending tax breaks from the 2017 Tax Cuts & Jobs Act (TCJA) and delivering on many of President Trump’s 2024 campaign promises.

A revocable living trust can play an extremely helpful role in estate planning. Revocable living trusts have the potential to greatly reduce administrative expenses, time, and effort while providing privacy to your family.

Once you enter retirement and reach a certain age, the government says it’s time to pay the piper – and they do this through the required minimum distribution (RMD) rules.

Your home is likely one of your largest financial assets and a meaningful emotional investment. If you’ve chosen to pass your cherished home to a loved one, you’ll want to do so in a way that protects their privacy while maximizing any...

Did you know studies have shown that an open-minded approach to ongoing education can have big impacts on our social lives and career opportunities—and can even help stave off Alzheimer’s and dementia?

If you or someone close to you is battling dementia or Alzheimer’s disease, read this article to learn more on some issues to consider and its financial repercussions.

When a parent is approaching the end of their days, there are a lot of uncomfortable decisions to be made. Here’s a guide to help organize and clarify your thinking at this difficult time.

We see many potential clients come in with pieces of their estate plan that don’t quite add up. Here are some of the most common issues we see – and how you can avoid them.

Naming a charitable remainder trust as the beneficiary of your IRA can maximize your total distribution potential while sustaining your philanthropic legacy.

A durable power of attorney and revocable trust can help you maintain your dignity while providing peace of mind. Read more about what you should know about a durable power of attorney, and what you should know about a revocable trust.

Family trusts are created for a reason – use this opportunity to open up the lines of communication. If your family has a trust, here are some important topics that should be discussed between the elder and younger generations.

You may have heard talk recently about some significant tax changes possibly taking effect in a couple of years. Learn more about the background of these changes, what the changes may include, who is most likely to be impacted, and more.

Around this time next year, we will see some very big changes to laws and rules governing estate and gift taxes.

Regardless of the reason, getting to know the thoughts and actions of people who have achieved significant financial success has the potential to benefit us on our own financial journeys.

Six ways to make sure you’ll be living the life you want after you retire with the reassurance of long-term care. While we all hope to live independently for years into retirement, chances are at some point we will need help.

Why turning a blind eye to aging risks your financial well-being – and what to do about it. When we’re young and spry, we tend to downplay health issues – most of the time we figure we’ll be back to full health in short order.

Let’s explore some ways to avoid taxes—a few of which too often are overlooked by business owners looking to keep more of their wealth.

Divorce can be an emotionally and financially challenging life event. In the face of the many possible adjustments divorce entails, making changes to insurance coverage may be overlooked. Here's a look at each type of coverage.

Affluent families often pay close attention to their investable assets. But sometimes those same families overlook important financial safeguards for two of their largest assets: their house and the contents within it.

If you have wealth that you intend to pass down, chances are you'll have questions about how to best transfer those assets given your specific family circumstances. Here is a look at some issues and what to do to get in front of them.

Estate planning—the process for how you transfer your wealth to heirs and others—can be very important for anyone who wants to be certain that their loved ones are adequately provided for and taken care of.

The IRS recently released its inflation adjustments for 2025 related to personal income tax, retirement contributions, estate taxes, and Social Security benefits.

While you spend a lifetime saving and planning for the future, it’s easy to think of “retirement” as the destination – but the truth is, retiring is just another fork in the road.

So many of us start each January 1 with such high hopes. This will be the year we stick to our New Year's resolutions, we tell ourselves.

Premarital planning can be a sensitive, even taboo topic for individuals contemplating marriage. While premarital planning isn’t precisely “planning to fail,” “failing to plan” could have dramatic repercussions.

If you’re currently retired or you’re nearing the day when you’re ready to exit the workforce, keep unretirement on your radar.

The past few years reminded all of us that financial markets not only don’t always go up, but they can go down in surprising ways. Reacquaint yourself with some of the key action steps used by very wealthy investors during trying times.

As your circumstances change, or the world around you changes, the solutions you have in place may no longer be optimal for your needs. “Life happens,” and strategies that were ideal for you a decade ago might be in need of revision.

If you have substantial assets, you may be a target for frivolous lawsuits. That’s why it’s so important to consider asset protection strategies that can create barriers to protect your wealth.

How does a woman’s retirement income change after she loses her spouse? Women who have meticulously planned for their retirement may still fear what will happen to those plans if they lose their spouse, either through divorce or death.

Baird Women Advisors, a network of female Financial Advisors at Baird, offers five tips for those thinking about heading back to work.

While divorce can be overwhelming, there are ways to be proactive and take steps to maintain your financial well-being. Here are a few things to consider at key stages of the divorce process. Divorce is not only emotionally trying – it...

Of course, multi-gen living comes with its unique challenges and stressors. Here’s a look at the multi-gen trend—its pros and cons—and some ways to navigate this environment if you ever want or need to incorporate it into your own family.

Inheriting wealth can be a burden and a blessing. Even if you have an inclination that a family member may remember you in their last will and testament, there are many facets to the process of inheritance that you may not have considered.

Substantial numbers of affluent individuals and families want to use some of their wealth to support the causes and organizations they care about most. Here’s a closer look at one philanthropic tool that charitably minded people use.

What do the wealthiest Americans—those with $25 million or more in net worth*—think about life, values, family, money and more? Knowing the answers could be beneficial to you.

Here’s a look at some common financial surprises that individuals, families and others tend to experience at various stages of their lives—along with tips for avoiding them and instead knowing what’s on the horizon.

It’s shockingly easy to spend your money on extravagant gifts, fancy far-flung vacations and more. And no one’s saying you should stop. But every now and again, give that credit card a rest—and see what adventures may await you.

The Social Security Administration (SSA) estimates that today's average 67-year-old woman will live to age 88. Given these projections, it appears that a retirement of 20 years or longer might be in your future.

Do you know—really know—what your business is worth? There’s a good chance that the answer is “no”. But even if you’re highly confident you know the number, a formal business valuation might be eye-opening.

During a divorce, many factors compete for attention. By understanding a few key concepts, you may be able to avoid making costly financial mistakes.

While sudden wealth may seem like a dream come true for many of us, it’s often accompanied by serious challenges resulting from the “sudden” aspect of that money.

Medicare is a useful insurance program for retirees, but it's far from comprehensive in its coverage. It consists of five major parts, and the coverage that’s free to everyone won’t cover all your healthcare needs as you age.

Sudden wealth can be a blessing – or a curse, if not managed thoughtfully. To make sudden wealth work best for you, you need to make prudent, informed decisions.

If you’re an entrepreneur, the idea of selling your business may have crossed your mind. It’s a good idea to consider which type of buyer is the right one for you and your company. Here’s a closer look at some key traits of buyers.

These are only some of the common misconceptions that can make the path to college bumpier than it needs to be. Get involved and put your children in a position for a college experience that pays big dividends for years to come.

If you worry that a child or grandchild may be headed down the affluenza path it may be time to take action. There are many ways to fight affluenza—from trying to correct negative behaviors and prevent them from recurring.

Here’s a look at some key concepts to keep in mind as you—and your kids or grandkids—navigate social media that could help you be happier and healthier in body and mind.

One of the more cost-effective approaches for many entrepreneurs is to have directors & officers (D&O) insurance. Here’s a look at this type of insurance—and how it might help safeguard you & your most important business & personal assets.

Do you need a personal umbrella policy? If you have significant assets, an umbrella policy may make good sense. Here’s a look at why that is.

There are plenty of moves you can make to avoid the biggest in-retirement financial errors that can potentially derail your plans. Here’s a closer look at some of those key mistakes—and how to sidestep them.

The percentage of American adults with strong financial literacy—the ability to understand various financial-related concepts and put them to use—has fallen to historically low levels in recent years.

Chances are, you’ve invested an enormous amount of time and energy into your business. And if you’re like many entrepreneurs, you’ll one day be ready to sell the company and transition to the next chapter of your life.

Family banks are one tool that many wealthy families use to foster a culture of entrepreneurship and financial responsibility among children and grandchildren.

While most people would agree that having money is better than not having money, wealth itself doesn’t guarantee a smooth, happy or successful path. 

The three policy frameworks that we use for investors—fiscal policy, monetary policy, and geopolitics—were all upended in 2022.

The IRS recently released its inflation adjustments for 2024 related to personal income tax, retirement contributions, estate taxes and Social Security benefits. These changes will be helpful as you start planning for 2024.

Major unexpected challenges can occur at any time. A sudden job loss, a terminal diagnosis or death, a lawsuit, etc.. Here’s how you can navigate those (probably inevitable) periods of financial uncertainty and come out the other side.

When making decisions about your wealth and finances, how often do you and your spouse (partner) work together as a team to arrive at a place where you’re both happy? Here’s a look at what you can do to meet your financial goals together.

Family meetings are not only important for healthy relationships, but can be beneficial in making sure your family's wealth are both properly managed and maintained for future generations.

You want to give your family a good life in the here and now—things like travel and college tuition. But have you thought nearly as much about positioning your assets so they're ready and able to help the people you love.

Asset protection is not a goal in and of itself but rather a tactic that should be incorporated into your primary objectives, whether that’s saving for retirement or legacy planning.

You play a crucial role in the decisions that will determine whether you will achieve your financial dreams. That’s why having clarity about the specific financial issues and concerns that are most important to you matters.

Virtually every interaction – whether online or in real life – involves the exchange of data. There are several actions we can take to increase our data privacy while still participating in an increasingly online world.

We’re more connected by technology today than ever. There are many ways you can safe guard your information, by taking the first steps to protect your personal information, you could prevent a cyber attack.

When most people think about estate planning, they think about how to transfer wealth and property after their death – preferably in a way that doesn’t leave a surprise tax bill for their loved ones.

No one wants to see their kids grow up to be so-called miserable successes—wealthy but deeply unhappy. One way to potentially help them avoid that fate is to encourage a sense of connection when they’re young.

If the past few years have taught us anything, it’s that unexpected events can crop up seemingly out of nowhere and shake the foundations we stand on—creating tremendous uncertainty, but there are things that you can do to prevent issues.

As we age, we tend to lose some of our cognitive abilities—and that, in turn, can cause us to make financial decisions that aren’t in our best interests. There are steps you can take right now that can potentially set you up for success.

There are plenty of compelling reasons to become an in retirement consultant—& many businesses and industries in need of experienced pros who truly know what it takes to run a successful enterprise. Tread carefully if you go down this road.

One of the more intriguing estate planning tools to consider is the spousal lifetime access trust—or SLAT. This type of trust can remove assets from your taxable estate while potentially benefiting your spouse, your kids and even you.

To be well-positioned for opportunity, you must first be prepared. We believe investors with financial plans are more likely to make better decisions and are more confident in reaching their goals.

Irrevocable trusts are a cornerstone of many families’ broader wealth management plan—and with good reason. Such trusts can potentially give you immediate tax benefits, reduce estate taxes down the road and protect assets from creditors.

Raising children and grandchildren is challenging in the best of circumstances. There are savvy financial moves that parents and grandparents of special needs children can make that may potentially deliver big benefits.

If you’re like lots of business owners, you’re looking out for more than just the financial health of your company. You also want to take good care of loved ones by providing for them & helping set them up for rewarding lives of their own.

A comprehensive review of where you are today, where you want to be and the gaps between may indicate that it’s time to find the expertise that will truly add value to your life—and the lives of those you care about most.

It’s important for married couples to do at least some basic estate planning so their assets are transferred as they wish—and hopefully do so in ways that minimize or avoid unnecessary taxes.

Given their sizable wealth, it’s not difficult to see why one might want to look to the Super Rich for guidance and subtle clues about what works when it comes to generating success. Interestingly, their clues often aren’t terribly helpful.

A majority of American women say they would like to be more engaged with their finances. Here’s how you can remain in control of your money.

If you’ve built and grown a family business over time, there’s a very good chance that you’d like to have your heirs take over the company at some point down the road—or maybe more like around the corner, if you’re ready to move on.

We spend much of our lives presenting ourselves to others -communicating, trying to convince people to buy into our ideas and connecting with others. We won’t know all the ways we impact people and the world at large.

As much as we might want it to be, investing is rarely a smooth ride. But just because big selloffs and volatility can make investing a little cloudy, it doesn’t mean there isn’t going to be a silver lining.

Which news sources and particular pieces of information should we trust? There are relatively simple, easy and certain ways to ascertain whether the story or video in front of us is reliable, heavily biased or just flat-out wrong.

Red teaming is all about challenging your assumptions about your company. It’s all too common for businesses to get stuck in a rut. The good news is that there is an effective way to prevent dinosaur thinking and corporate stagnation.

You find yourself in a stately and sprawling great room with a 20-foot-high ceiling above and a roaring fire off to your left. An expansive balcony outside the room overlooks a lush forest. But here's the thing, you're at home.

If you have a strong charitable intent, it makes sense to consider strategies and solutions that can help you potentially magnify the impact of your giving and create a method for systematic giving over many years—or even generations.

Super Rich have proven that they know what to do—and what not to do—in order to create, grow and maintain sizable wealth. By avoiding major slipups on your own path to wealth creation, you can potentially encounter fewer financial potholes.