Publications

The Importance of Building Generational Wealth
Family Business, Wealth Planning, Asset Protection Matthew Erskine Family Business, Wealth Planning, Asset Protection Matthew Erskine

The Importance of Building Generational Wealth

The process of building generational wealth is intended to provide younger family members — and even those not yet born with financial opportunities and a head start to long-term stability. Generational wealth refers to financial assets passed down from one generation to the next. They include property, investments and businesses but also other assets, such as collectibles or royalties from oil and gas holdings.

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IRS Form W-9 Changes and Their Impact on Trusts and Estates
Asset Protection, Corporate Tax, Estate Documents Matthew Erskine Asset Protection, Corporate Tax, Estate Documents Matthew Erskine

IRS Form W-9 Changes and Their Impact on Trusts and Estates

In March 2024, the Internal Revenue Service (IRS) unveiled a revised version of Form W-9, Request for Taxpayer Identification Number and Certification, marking a significant update since its last revision in 2018. This change introduces new reporting requirements, particularly affecting flow-through entities such as trusts and estates. Refiliing may be necessary in certain circumstances.

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