Every fine art collector who has worked to build and enrich his or her collection usually has a special work of art or piece that has significant meaning. It might even be the very object that prompted grandma to begin collecting her porcelain rabbits, energizing her desire to graduate to fine art. Or it could be a priceless work, pièce de résistance, of a lifetime of collecting that reveals a fascinating historical account when hearing the real tales behind the acquisitions that family members hold dear.
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The White House joined Congressional Republican leaders in announcing a new framework for tax reform, which they hope to enact before the end of 2017.
The U.S. Department of State estimates that more than 8,000 Americans die in a foreign country each year. While some of those are permanent residents and long-time expatriates, thousands more are tourists or individuals traveling for business. For families and their enterprises receiving that unexpected news, the first inclination may be panic. Having a journey management plan that addresses specific protocols to be followed in the event of death while traveling abroad can help alleviate the stress that is compounded by barriers of foreign language, law and culture.
Trusts have grown enormously in popularity since the mid-1990s as a result of the development of modern trust laws, the dramatic increase in wealth and evolving family needs and goals.
Learning and practicing the basics of money management can have a profound impact on a young child’s life. What parents often overlook, even those who are investors themselves, is taking the education to the next stage once their children get older—say, around age 11 or 12. At that point, it may be the right time to start a conversation about investing. The lessons learned can not only develop the investor and entrepreneur in your child, but also the philanthropist.
The "worth" of art is shifting as more collectors are viewing their collections not solely as an enduring and passionate pursuit but also as an economic investment. And, much as with an investment portfolio, they are paying more attention to the prospects and opportunities their collections can provide, with an eye to legacy planning, tax planning and wealth planning.
Vulnerability assessments and penetration testing may uncover areas where hackers can break in, but what if they are already there?
Analysts anticipating a rebound in European stock markets for the last few years have been disappointed as early-year optimism faded by year-end. The European Central Bank’s aggressive monetary stimulus efforts failed to bring about the same lift in asset prices that US investors enjoyed. But now, in 2017, European stocks are handily outperforming the S&P 500 for the first time since 2012. Bullish investors point to the valuation discount of European stocks relative to the U.S. and improving economic fundamentals as reasons for the rally to continue.
The Trump Administration recently released its "Unified Framework for Fixing our Broken Tax Code" to flush out its tax reform priorities for individuals and businesses. The nine-page document is similar to the single-page bulleted outline the Administration rolled out in April, and it reiterated its position that taxes on corporations and individuals are too high. There is a lot of work ahead to come up with a tax bill that can ultimately be passed and signed into law. It’s a process that will take months and could very likely extend in to 2018.
Lending or transporting your artwork is one of the most vulnerable times when you are susceptible to losses. When it comes to protecting your artwork against those losses, this checklist will help you understand the benefits of working with vendors that have the right level of experience and reputation to help you make an informed decision.