Columns

Choices: “Why Do I Need A Trust? Setting the Stage for Decision-making”
Donald Kozusko
Trusts are most often valued as vehicles for tax planning, protecting against creditors, and managing assets for beneficiaries who are minors or incapacitated adults.  While valid, these reasons tend to characterize trusts by the restrictions they impose and the harm they prevent.  Including a long-term trust as part of an estate plan should not be seen as an effort to hide assets in a remote legal fortress to protect against taxes, or improvident or immature beneficiaries.  This oversimplified and narrow focus overlooks the opportunity to construct and use trusts to improve positive decision-making by responsible adults.  A trust can be useful to set the stage for better decision-making.  The trust is established for the benefit of its beneficiaries, who under modern trust law and practice can take an active part in its management.

Higher Rewards Equal Higher Risks?
Michael Zhuang
Review of “The Value Premium and the CAPM” by Fama and French

Features

Developing and Defining a Well Managed Portfolio –
A Primer on Modern Portfolio Theory
Edward A. Moses, Ph.D., J. Clay Singleton, Ph.D., and Stewart A. Marshall III, Esq.

Managing Investments and Understanding Investors
Newell W. Anderson, Jr