Estate Planning

Advice from Sveen v. Melin on the Importance of Beneficiary Designations

In 1997, Ashley Sveen purchased a life insurance policy. Later that year, Ashley married Kaye Melin and named Melin as primary beneficiary on his life insurance policy. Sveen also named his two adult children as contingent beneficiaries.  Several years later, Minnesota amended its revocation on divorce. Sveen and Melin divorced in 2007, but Sveen never […]


Geopolitics firmly in the driver’s seat

U.S.-China trade tensions appeared to have eased and the risk of a no-deal Brexit has diminished. Can we take a break from focusing on the impact of geopolitical risks on the economy and markets? Not yet. We in fact expect more twists and turns in coming months, and see geopolitical risks staying elevated in the […]


Q3 GDP Forecasts: Under 2.0%

The advance estimate for Q3 GDP will be released on Wednesday, October 30th. The consensus is real annualized GDP increased 1.6% in Q3. From Merrill Lynch: We expect the advance 3Q GDP report to reveal moderation in growth to 1.5% qoq saar from 2.0% in 2Q. [Oct 25 estimate]emphasis added From Goldman Sachs: we left […]


IRS Tax News Recap: Changes, changes, and more changes

September and October have been busy months for tax news! As Halloween approaches, don’t be spooked by these tax industry updates. We’ve got the tax news recap to get you up to speed. IRS provides guidance on virtual currency The IRS just released additional guidance to help taxpayers understand their obligations when reporting virtual currency. […]

Real Estate

Home Sales Little Changed in September

Home prices up 5% annually, the biggest increase in over a year. U.S. home-sale prices increased 4.6 percent year over year in September to a median of $308,800 across the 217 metros Redfin tracks. This is the largest year-over-year increase since July 2018. “The demand-driving effect of low mortgage rates is being cancelled out by […]