1100 13th Street, NW, Suite 1000Washington, DC 20005202.887.6400Toll-free: 800.544.0155
All Contents © 2020The Kiplinger Washington Editors
See All Authors »
Senior Vice President,
Argent Trust Company
Timothy Barrett is a senior vice president and trust counsel with Argent Trust Company. His expertise in multiple states for trust and estate planning, family governance, special needs trusts, business succession and wealth transfer furthers Argent's clients' personal and generational financial success.
Prior to Argent, he served as a wealth adviser for J.P. Morgan Private Bank and PNC Private Wealth Management, and had a private law practice focusing on tax, trusts and estate law. Timothy is a graduate of the Louis D. Brandeis School of Law at the University of Louisville.
Timothy is a board member of the Metro Louisville Estate Planning Council, past president of the Estate Planning Council of Southern Indiana, member of the Louisville, Kentucky and Indiana Bar Associations, the University of Kentucky Estate Planning Institute Program Planning Committee, and volunteers for the Center for Women & Family as an advocate and public speaker.
Businesses of all types are adjusting to the new normal, and wealth advisory services are changing with the times, too. Some of these changes eventually might not be for the best.
See More From: Building Wealth
Families with $30 million to $60 million in low-cost-basis assets must put their chips down on one of two bets: Count on the current high federal estate tax exclusion amounts being extended or wager that they will sunset in 2026.
Fiduciaries are expected to do right by those they represent, but that isn't always the case. They often work with little or no oversight, so abuse isn't caught until too late. To protect a loved one, or yourself, here's what to do.
As kids settle into college life, parents and teachers need to be on the lookout for signs of anxiety and depression and be ready to step in to help.
One woman's struggle to keep a roof over her head and food on the table for herself and her disabled daughter shows what can happen when an ex or other family members fail to properly shelter assets. The child's Medicaid and SSI benefits could be in jeopardy.
The problem with these types of plans, which reassure people that they will be OK "no matter what," is that they are used to comfort investors rather than actually advise them.
Trusts aren't just for very wealthy or complicated estates. They could be helpful for many "average" folks, too. Here are the basics of trusts: what they do, and how they can be used.
How to get started making some of the most important decisions a parent can make.
Also known as joint accounts, these types of accounts let their owners pass on small estates in a simple way.
Even smart, ethical, well-intentioned trustees could find themselves in trouble, possibly facing a judgment that they could be forced to pay from their own funds.
Who is the right person to watch out for your interests after you're gone: A family member, a member of your financial team, a bank, a professional trustee? To find the right answer, ask yourself the right questions.
Having enough money for a sweet retirement takes more than just saving. It takes smart spending and discipline. If you're falling behind, it's time for a financial lifestyle overhaul. Five steps will get you on your way.
When you think about IRAs, you're probably thinking stocks and bonds. But private equity investments can open new doors to some retirement savers.
Kids from wealthy families aren't immune to behavioral problems. In fact, in some ways, they may be more at risk. As we see with the case of Ethan Couch, the consequences can be severe.
There’s a difference between the two. Before you buy or sell a piece of art, consider some guidelines on authentication and what might make one piece of art valuable, and another merely a nice complement to your sofa.
If your child relies on Medicaid services, how can you ensure that when you die the money you leave them doesn't cause them to lose that vital support system? A Supplemental Needs Trust could be the answer.