TIP 1 Money for Seed, or Money to Spend?
Sometimes, the shock of a sudden death can provide a sharp focus on things we did not appreciate soon enough, and what we know but don’t always act on. It’s always worthwhile to express our appreciation for those we care for.
With the recent tragic helicopter crash that led to the loss of Kobe Bryant, we learned things about Kobe’s success beyond his basketball career. We learned that he not only invested in, but also was an active participant in a variety of successful entrepreneurial ventures. Click Money for Seed, or Money to Spend? to learn about some of Kobe’s less known endeavors.
TIP 2 Valentine’s Day – Sweetheart Scam Alert
Valentine’s day creates an opportunity to show appreciation for our significant others, but also can create a sense of vulnerability for those whose loved ones have passed. Scammers prey on this particular vulnerability, and have developed what is known as the Sweetheart scam. In 2018, the FTC reported that vulnerable people lost $143 million to romance scams – more than for any other type of scam reported to the FTC.
We’re not discouraging people from creating a new resolution for love around Valentine’s day, rather to combine the courage with caution to increase the chances for success. An article on Agingcare.com called The Sweetheart Scam: Beware the Wolf in Sheep’s Clothing elaborates with examples and how to protect yourself.
We wish everyone a magical and safe Valentine’s day!
TIP 3 President’s Day – A Salute
At Garden State Trust Company, we’re proud to celebrate the founders of our great nation, and wish our clients a wonderful President’s day.
Our president’s day trivia to share this year: How many U. S. presidents dies without a will (bonus credit if you can name them)?
If your first guess was Abraham Lincoln because of his unexpected departure – you were correct! If you guessed JFK also, you would be mistaken – though is departure also could not have been expected, he did plan ahead.
The total number of U.S. Presidents who have died without a will and had their estates distributed in accord with intestacy law is four. The other three are: Andrew Johnson, Ulysses S. Grant, and James A. Garfield.
TIP 4 Frequently Asked Questions
Did you know that Garden State Trust Company publishes answers to some of the most frequently asked questions about trust services on our website? We provide a short answer to a new question each month – Click here to see some of the recent Q&A .
If an idea is sparked through seeing that others are facing similar problems, we’d be pleased to elaborate on how trust services could be helpful given your unique situation.