Overview

Protecting your assets, preserving your wealth, and staying true to your intentions is our focus. As a full-service wealth management firm, we often serve as trustee on trust accounts. In this capacity we provide comprehensive support services, including management of cash distributions, bill paying, assistance with philanthropic programs and record keeping for fiduciary reporting.

We work closely with clients to ensure that each trust account is managed and administered according to their specific wishes and the needs of both donors and beneficiaries. Further, we collaborate with tax and legal advisors to protect assets from probate and limit tax liabilities.

Like everything we do at LBA, we take a very personal approach to our work as trustees. We have witnessed with alarm the role of trustee becoming increasingly corporate in nature, losing its original function of knowing and acting upon donor intentions. At LBA, we do not act as a trust committee, but rather as an individual trustee or successor trustee with personal connection to the creator of the trust and his or her family.

We carefully administer investments and distributions as prescribed by trust documents, balancing the sometimes competing interests of multiple beneficiaries. When needed, we apply our experience to equitably resolve conflicts among beneficiaries.

Perspectives

Reflections & Observations: Watershed Moments

In this newsletter edition we cover the following:
– Staying Invested Part II
– Leading Economic Indicators
– IoT and Data Usage
– Revocable Trusts
– Assisted Living
– Recommended Read: The Good Life

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POSTED IN: Reflections & Observations

Staying Invested Part II

In our spring newsletter, we emphasized the importance of staying invested over the long term by (1) illustrating the outsized impact of the stock market’s best days and (2) explaining how staying invested increases the likelihood of positive returns. While our analysis last spring focused on the broader implications of a long-term strategy, the strategy only works if the security you are holding is a quality company with durable, competitive advantages that drive success in both strong and weak markets.

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POSTED IN: Articles

Leading Economic Indicators

Two consecutive quarters of negative GDP growth has traditionally signaled that an economy is in a recession. However, in the US, the National Bureau of Economic Research (NBER) is responsible for officially designating recessions. The NBER’s analysis relies on three criteria related to economic trends: depth, diffusion, and duration.

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POSTED IN: Articles

IoT and Data Usage

Over the last decade, we have seen the proliferation of “smart” devices—devices that collect our data and track our usage patterns to enhance our overall experience. There are smart mobile phones, TVs, speakers, and cars, as well as smaller everyday items like toothbrushes, vacuums, and coffee brewers. You may be wondering how all of these products became smart, seemingly overnight. What changed?

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POSTED IN: Articles