Category: Family CFO
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Financial Contingency Plan: A Guide for Wealthy Families
The financial consequences for wealthy families without financial contingency plans are high, as uncertainties are a certainty. Since, the peace of mind that comes with having a substantial investment portfolio can be easily disrupted by unexpected events. Changing circumstances, legal entanglements, unforeseen personal tragedies, or even shifts in tax regulations can pose significant threats to…
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Estate Planning Basics: Working with a Family Office
Markdale Financial Management is our family office dedicated to managing the financial affairs of wealthy investors. One of our key roles of our family office is to coordinate the work of investment and insurance, legal, and accounting professionals when it comes to estate planning. In this blog post, we’ll explore how our family office serves…
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Estate Planning Tips to Avoid Spoiling Your Children
As a wealthy investor, the question of how much money to leave your children without spoiling them is likely one that weighs heavily on your mind. While some might consider this a nice problem to have, it’s still a problem that needs to be addressed thoughtfully and carefully. This blog post explores some tips for…
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Top 10 Problems Your Family Foundation Will Face Without a Succession Plan
Family foundations can play an important role in philanthropy and social impact, but their long-term success depends on effective leadership and governance. Without a succession plan in place, your family foundation may face a range of challenges that can undermine its effectiveness and sustainability. In this blog post, we’ll explore the top 10 problems your…
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Your Family Foundation Must have a Succession Plan
Having plans for the succession of your family foundation in place before they’re needed is critical if you want to avoid legal disputes, conflict between family members, and ending the good works your foundation supports. In this blog post, we’ll explore the importance of creating a succession plan and the key benefits to consider. Strengthening…
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Impact Investing Principles
One of the key challenges for impact investors and philanthropists alike is measuring & reporting impact. Investing in things that make us feel good or simply giving our money away to what we think are worthy causes is not enough. Given today’s environmental, social, and economic climate, we need to measure and then report the…
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Measuring Impact
This post provides a step-by-step guide that you can use to implement your own impact measurement process. By the end of this post, you’ll have a template you can use to either implement your own impact measurement framework or use our team to implement one for you. There are three steps we’ll need to take…
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Family Office Cybersecurity Tips
Modern family offices have transitioned away from paper records towards digital record keeping using secure e-mail and cloud storage. The result is increased workflow efficiency and the ease of sharing information with professional advisors. But, the transition to online communication and cloud storage also means family offices need to manage the associated cybersecurity risks carefully.…
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Why have a will?
Are you a wealthy investor who’s been putting off creating a will? Well, it’s time to put your affairs in order and get that will drafted! Not only will it bring you peace of mind, but it will also ensure that your assets are distributed according to your wishes. Here are the top 5 reasons…
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Documenting Your Spousal Relationship
You’ve fallen in love and choose to live with your partner (without documentation). That was in your 20s. Since then, your investment portfolio has grown significantly. What should you do? Or, maybe you have school aged children. What might happen to them if you die? Or, you’re a retired senior and you’ve lost your spouse…