ADVISOR NEWS

U.S. stocks extended their gains from the week of April 9th despite weakness on last Thursday and Friday.

U.S. stocks edged higher this week, as earnings season kicked off with several major financial sector companies reporting on last Thursday and Friday.

Following a sharp sell-off to start the week, U.S. equities recovered on Wednesday and Thursday, but closed with weakness this past Friday. 

In ATG Legal Education's new upcoming program, estate planning attorney, Melanie Witt, will summarize the new tax laws and discuss them in the context of various estate planning vehicles.

U.S. stocks had a bumpy, holiday-shortened week, as the S&P 500 rebounded 2.7% on Monday to reclaim about half of last week’s 6.0% decline.

With a re-emergence of volatility and risk-off sentiment spreading across global markets last week, the S&P 500 Index and Dow Jones Industrial Average fell by 6.0% and 5.7%, respectively last week. 

Between 1980 and 2008, the number of employees covered by a defined benefit pension plan has decreased from 38 percent to 20 percent.[1] This decline has led to more employees contributing assets to qualified plans such as IRAs and 401(k)s, and these plans can make up a substantial portion of the client’s estate. 

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It is very tempting to stick with the familiar. A preference for what feels comfortable may be even stronger for purchases involving high stakes. Our September market brief examines the hometown bias and encourages us to think investing in the unfamiliar.

Although it took effect in 2013, the new Illinois Directed Trust Statute (760 ILCS 16.3 and 16.7) has not been widely used. It may well be one that attorneys should seriously consider.