AI and Robotics Are a Battleground for U.S. and -2-

LCN, which has fewer than 100 employees, is 15 years old and has some $3 billion of assets under supervision. It was co-founded by Edward LaPuma and Bryan York Colwell, a former Goldman investment banker who focused on power and utilities transactions.

Triple-net leases are generally agreements where corporate tenants pay their landlords for insurance costs, property taxes, and maintenance on top of rent. Those businesses may be charged lower rent in exchange for taking on those costs, though arrangements can vary.

Goldman has acquired exchange traded funds and venture capital funds under CEO David Solomon, including a deal for venture-capital firm Industry Ventures in late 2025. Nachmann said Goldman evaluated whether to build out that offering on its own, strike a joint venture, or make a deal.

What's Next: Goldman will pay $260 million upfront and another $150 million that hinges on hitting certain targets. It announced two exchange-traded fund acquisitions this year: Innovator Capital Management and, just last week, Neos Investments.

-Rebecca Ungarino and Janet H. Cho

Dear Quentin,

I wear multiple hats for my 93-year-old mother-in-law, who has dementia. I am her financial power of attorney (her son is her medical power of attorney), co-trustee of her trust, and will be the executor of her estate.

Question #1: My understanding is that, because I am acting as co-trustee rather than as her power of attorney, I should continue to have access to those trust-owned accounts after her death, without the financial institutions automatically freezing or restricting them. Is that correct?

Question #2: My authority as power of attorney ends at her death, so I would no longer be able to access or manage these accounts in that capacity. However, as executor, is it my responsibility to notify the financial institutions of her death and provide documentation?

Question #3: She has three accounts that are not part of the trust: two IRAs and a small life-insurance account established when my father-in-law died years ago. Each account has designated beneficiaries, and those beneficiaries are aware that I hold her power of attorney.

There are five beneficiaries, all of whom are her grandchildren. As executor, am I responsible for dividing and retitling the IRAs among the five beneficiaries, or is that handled by the financial institution and/or the beneficiaries themselves?

-POA, Trustee, and Executor

Read the Moneyist's response here.

-Quentin Fottrell

-Newsletter edited by Liz Moyer, Patrick O'Donnell, Rupert Steiner

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

August 19, 2026 08:18 ET (12:18 GMT)