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Legacy Planning & The Family Cabin

It’s summer and, in our part of the country, that likely means two things: road construction and weekends at the cabin.

While road construction is a source of stress, cabins are often a source of joy: the foundation for cherished memories of boating trips, fishing excursions, bonfires, and family time. But that joy can lead to stress as questions arise about how best to transition a tangible asset that is so intimately connected to those memories to the next generation.

Clients often ask us: “How do I keep the cabin in our family?” “Should I use a trust or other entity and if so, what type?” “How do I protect against future conflict between family members?” “What can we do to make the transition successful?” These are difficult but important questions for any family with a legacy property to consider.

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“This time is different” for the Yield Curve?

The Treasury yield curve – a line chart displaying the current yields of U.S. Treasury securities at various maturities – is not a particularly widely-followed indicator outside of finance and economic circles. You won’t hear the current slope of the yield curve mentioned alongside the daily movements of the Dow and the Nasdaq on the evening news, for example. Over the last several months, however, the yield curve has received much attention, with pieces in the Wall Street Journal, New York Times, and NPR all tackling the implications of a “flattening” curve.

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We hired a nanny. Now what about the taxes?

As the kids settle in to the first couple weeks of summer break, many parents have gone the route of hiring a nanny to supervise the kids while parents work over the summer. Although this is a common practice, what often isn’t fully understood are the tax implications that can arise when someone chooses this option for summer daycare. The details can seem daunting, but a few key points can help to clarify a potentially complicated requirement.

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2018 Best Places to Work Award

For the fourth year in a row, Accredited Investors Wealth Management has been named one of the Best Places to Work by the Minneapolis St. Paul Business Journal, in its annual rankings of companies with 25-49 employees. Click here for details.

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2018 Best Places to Work for Financial Advisers

Accredited is proud to be recognized as a 2018 Best Places to Work for Financial Advisers by InvestmentNews. Per InvestmentNews, Accredited “was chosen as one of this year’s top-50 based on employer and employee surveys delving into everything from company culture, benefits, career paths and more.”

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Jamie Fritschel joins Accredited Investors Wealth Management®

MINNEAPOLIS, Minn. – March 19, 2018 – Accredited Investors Wealth Management® is pleased to welcome Jamie Fritschel, CFP®, CPA, back to the firm’s wealth management team. Jamie is responsible for developing and directing client planning strategies.

With twenty years of experience leading wealth management teams, Jamie creates personalized strategies by combining his technical wealth planning expertise with the ability to understand what issues each client considers most important in their lives.

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Amazon didn’t kill Toys R Us. Not without a lot of help, anyway.

The knee-jerk reaction in this scenario is to blame Amazon for killing yet another traditional retailer, and for making the bricks-and-mortar approach no longer relevant in a digital world. In fact, in its bankruptcy filing this week, Toys R Us does just that – blaming Amazon, as well as Wal-Mart & Target, for its demise, stating that its three competitors created a “perfect storm” by slashing profit margins on the toys they sold over the last holiday season.

Amazon may very well be, in the words of a Bloomberg columnist, “Corporate America’s Nightmare.” But in this case, Amazon doesn’t get all the blame. While Amazon certainly hasn’t made life any easier for large-scale retailers over the last 20 years, the Amazon-effect ranks a distant second on the list of contributors to the downfall of Toys R Us.

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