Tax Efficiency

The term “High Net Worth” (HNW) might evoke different images to different people. To the average American, “high net worth” might constitute as an individual who has a couple million of dollars sitting in the bank. To wealthier individuals, the phrase might only apply to individuals in the upper 1% of the population, or those […]

Today’s political and economic climate gives the high-net-worth individuals advantageous planning opportunities given the current exemption numbers. Today’s tax exemption numbers are beyond comprehension and the highest that they have ever been. When done correctly, the techniques used to create these estate plans in minimizing tax exposure and maximizing the individuals’ legacy are highly effective.

Positive Planning Strategies in a Challenging Health and Economic Market As we continue to move forward during these difficult times, it is important to note that individuals still have ways in which their wealth can benefit. We explore various ways in which your assets can benefit in this type of climate: Gift Depreciated Assets Now

When it comes to estate planning, not having a plan is a plan. But not a good one. There are many individuals who have yet to create an estate plan, many of whom are high-net-worth and ultra-high-net-worth individuals. Your hard-earned money will go to one of four places: family, friends, charity, or the government. You

Financial Insights To Guide Your Decision Making. Estate planning is always an inexact science. Political sentiment changes, budget priorities shift, and fiscal realities set in. Thus, estate planning professionals urge individuals to take advantage of, but most importantly, take control of these conditions to ensure that the client is structured to move forward efficiently. The

The saying “chaos creates opportunity” applies to the estate planning world now more than ever. With the upcoming election, it is vital to have the correct estate plan that will not only preserve but also grow your financial assets and continue building generational growth. Senator Sanders introduced the “for the 99.8 Percent Act” in the

It’s a family affair: Mom is the CEO and Dad is the COO/CFO, while the sisters created a $20 million + per year business. In 2012, sisters Isabel and Caroline Bercaw began creating their own bath bombs, simply by mixing baking soda, citric acid and fragrance oils together. They called their kitchen sink company “Da

Estate planning is always an inexact science. Political sentiment changes, budget priorities shift, and fiscal realities set in. Because of the inherent uncertainties, estate planning professionals urge entrepreneurs to take advantage of favorable conditions when they can. Most individuals are not effectively using their gift tax exemption, which will reduce the size of their estate.

One of Hong Kong’s most colorful billionaires recently acquired David Hockney’s ‘The Splash’ in London for a cool $30 million. With an estimated net worth of over $16billion, it is with ease that Joseph Lau is able to obtain and boast pieces from Warhol, Gaugin, and Hockney, to name a few. His team of financial

IRAs are no longer a good vehicle for an estate plan but life insurance vehicles, with some caveats, are.  Advisors should move quickly with the new estate planning advice now that the Secure Act has passed. This law, which eliminated the stretch IRA plan for most non spouse beneficiaries and replaced it with a 10-year