This is a guest post by Patrick Collins of Schultz Collins Lawson Chambers, Inc., the firm we hired to advise us on how to handle Kazan Law’s pension funds, our charitable foundation’s funds, and that some of our partners hired to advise them on personal money management. Let’s say that you have just received a check for $1,000,000. Depending on your family circumstances, here are some questions that you might have: How much can I spend? Where should I put the money? How long will the money last? The first question is the “budget” issue; the second question is the “how-much-risk-do-I … [Read more...]
investment portfolio
Why You Don’t Want a Safe Investment Portfolio
This is a guest post by Patrick Collins of Schultz Collins Lawson Chambers, Inc., the firm we hired to advise us on how to handle Kazan Law’s pension funds, our charitable foundation’s funds, and that some of our partners hired to advise them on personal money management. The decision on what lawyer to hire is the most important financial decision almost every family will ever make because so much potential money is at stake. If litigation goes well, the next decision is what to do with the proceeds so that the money is there and stays there to meet the family’s needs for many years to come. … [Read more...]