Publications
How To Turn Downturns Into Generational Wealth
Ultra-high-net-worth families often face unique opportunities during periods of market decline, high inflation, or recessionary pressure. This white paper explores a range of advanced estate and gift tax planning techniques for such environments, focusing on family-owned businesses, art/collectibles, and legacy real estate – citing relevant Internal Revenue Code sections, IRS rulings, case law, and academic insights To tie together the above strategies, here are a few illustrative scenarios demonstrating how they can be applied for maximum advantage when markets are down.
Strategic Estate Planning for UHNW Individuals
The economic, environmental, social, and political situations are and will remain, uncertain. The federal estate tax reverts back to $5 million after 2025. States and the federal government are increasing income tax rates, and inflation erodes accumulated wealth. If you are an advisor to UHNW individuals, you should ask, will their estate plans work in the face of these uncertainties?
Have an S Corp From Before 1996? Tax-Free Conversion May Be Possible
An outline of The Build Back Better bill’s key tax provisions that affect partners, partnerships and other passthrough entities such as S Corps
Lessons To Be Learned From Failed Celebrity Estates
If you have an Estate Plan in place, this is a good time to review your existing documents to make sure they still accomplish your wishes. Here are the questions you should think about:
Does your Will match your wealth transfer wishes?
Are your assets titled correctly, and have you set up the appropriate beneficiary designation forms?
Have you established and funded all necessary Trusts? …
What to Do When You Find Susan B. Anthony in Your Attic
You come across an item with great financial, social and historical value or realizing that you now possesses a long-forgotten cache of art or collectibles. What steps should you take to preserve assets or get the guidance to properly sell unique items?