by
Bloomberg News
Israeli shipping billionaire Eyal Ofer has donated $15.2 million to the Tate Modern of London, helping to fund the biggest expansion in the museum’s 13-year history.
by
Colleen O'Dea
Ascent Private Capital Management has hired an historian to manage an asset that some families cherish as much as their money: their legacies.
by
Bloomberg News
IKEA billionaire Ingvar Kamprad, Europe’s richest person, said he will move back to Sweden, a country he fled four decades ago to avoid high tax rates.
by
Matthew Wesley, Stephen Campbell
Annual family gatherings or family retreats have become a recognized best practice for advisors serving successful families.
by
Mike Byrnes
A huge wave of wealth transfers is expected in the coming years and financial advisors who prepare for it will be most successful.
by
Jonathan M. Forster, Jennifer M. Smith
The Obama budget's elimination of exemption reunification, combined with a smaller gift tax exemption, would make lifetime gift planning far more complicated for wealthy families.
by Caren Chesler
All the gifting that was rushed into place at the end of 2012 proved
unnecessary. Now, many clients want their assets back.
by Frederic J. Marx
Family-held businesses have long struggled to maintain size and stature through generations...
by
Bloomberg News
President Barack Obama wants to again rely on the top-earning U.S. households for most of the tax increases he’s proposing.
by L. Timothy Halleron
Financial advisors should think again if they believe the $5 million gift tax exemption has become a permanent part of estate tax law.
by
Michael S. Fischer
"Permanent" is a key word wealthy families and their advisors have locked onto in the aftermath of the nail-biting fiscal cliff negotiations, but it's still too early to get too comfortable,...
by Laura K. Barooshian & Stephen Colella
Time is running out on a potential once-in-a-lifetime gifting opportunity. Here are some opportunities for advisors to consider.
by Mike Byrnes
The Institute for Preparing Heirs conference highlighted why advisors need to help multigenerational families communicate better so future wealth transfers are much more successful.
by Dennis Delaney
Wealthy families should consider using trusts to take advantage of historically low tax exemptions before their possible expiration at the end of the year.
by Jay E. Rivlin and Toni Ann Kruse
Many clients are eager to take advantage of the $5.12 million gift exemption before it expires but are hesitant to part with such a significant portion of
assets...
by
Karen DeMasters
Lovell Minnick Partners LLC, a private equity firm, has agreed to buy
Kanaly Trust, a wealth management firm with approximately $2 billion in
assets under management.
In January 1999, a
trust set up by Mitt Romney for his children and grandchildren reaped a
1,000 percent return on the sale of shares in an Internet advertising firm.
by
Karen DeMasters
A majority of families wealthy enough to have their own financial
offices may have estate plans that are sorely out of date, according to a
survey by Rothstein Kass.
by
Karen DeMasters
Genworth Financial Trust Company has launched Trust Connections, a
program designed to help independent financial advisors handle trusts
when a corporate trust officer is required.
