Markets & Economic Update for July 2024: Has the Consumer Run Out of Steam?
Each month, senior leaders of Hancock Whitney's Asset Management team discuss the latest news and events that impact markets and the economy.
What can a blind poet from 2,700 years ago teach us about investing? Plenty, it turns out.
The poet Homer tells us that the beautiful witch-goddess, Circe, warned Odysseus that his ship would sail by an island of lovely Sirens. Countless sailors had previously sailed by the island, but none had survived because they changed their course towards the island after hearing the Sirens’ beautiful and irresistible songs. As a result, they wrecked their ships and killed themselves on the island’s rocky shores. Upon Circe's advice, Odysseus plugged his crew’s ears with beeswax and tied himself to the mast of his ship so his crew couldn't change course and sail towards certain death.
How does this tale from Greek mythology provide a lesson for the modern investor? We invite you to download this complimentary Investment Perspective and learn more about why today's investors should "follow that blind man."
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Each month, senior leaders of Hancock Whitney's Asset Management team discuss the latest news and events that impact markets and the economy.
The inheritance of real estate assets can result in family members asking themselves a key question - “do all heirs have to agree to sell property?” We share our insights on the complexities related to inherited property to help families in this situation find common ground.
Property inheritance is typically governed by the decedent's will or by state intestacy laws if no will exists. Inherited property may include real estate and personal items. Due to its significant value and emotional connections, real estate often becomes a focal point of inheritance discussions and disputes among heirs.
A well-structured will is crucial in defining how property should be distributed among heirs. It explicitly states the wishes of the decedent, offers guidance to an executor, and reduces potential conflicts among beneficiaries. Estate planning professionals play a vital role in drafting these documents, and ensuring they comply with legal standards while accurately reflecting an individual’s intentions.
For simple guidance about why and how to draft a will, see 10 Basic Facts About Writing a Will.
When a person passes away, an estate typically goes through a probate process unless arrangements like living trusts had been made to avoid it. Probate is a legal procedure where a court oversees the distribution of an estate according to the will’s provisions or state law. During probate, the court appoints an executor—often named in the will or selected from close family members if no will exists. This executor is charged with several duties, including the liquidation of assets, payment of debts, and distribution of the remaining estate to the rightful heirs.
Each month, senior leaders of Hancock Whitney's Asset Management team discuss the latest news and events that impact markets and the economy.
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