With more people investing more money in art and fine collectibles, whether for purely aesthetic or for strategic
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The historic June 2013 Windsor decision clarified the financial and legal status of some legally married same-sex couples, while leaving others in an ambiguous status—legally married for purposes of federal law, but still considered single in many states. For those in a same-sex relationship or for families with children or grandchildren in a same-sex relationship, understanding the decision and its aftermath should ultimately help inform and refine family wealth transfer planning.
Many families have significant wealth tied up in the publicly traded shares of a single firm.
As couples enter into matrimony, they confront challenging questions and must make difficult decisions often associated with complex, emotionally charged issues.
Throughout our history, investors have utilized a combination of both “active” and “passive” investment solutions to solve for client needs. This paper provides a perspective on the ongoing debate over the advantages and shortcomings of these vehicles and details the importance for each client to have the right mix in order to position them to achieve their goals and objectives.
Periods of economic boom and bust have been a fixture in academia. Many credit Arthur Burns and Wesley Mitchell for formulizing our present day construct of the business cycle in their 1946 book, Measuring Business Cycles. In most teachings, the economy is neatly categorized into trough and peak, expansion and contraction. The dates of such periods are set by The National Bureau of Economic Research (NBER), a non-profit, independent institution.
The phenomenal success of Yale's endowment has been an inspiration to many investors. However, if Yale’s endowment had to pay the same taxes as individual investors, its portfolio would be constructed very differently.
The phenomenal success of Yale's endowment has been an inspiration to many investors. However, if Yale’s endowment had to pay the same taxes as individual investors, its portfolio would be constructed very differently.
The validity of a corporation’s S election is a primary consideration with respect to federal and state tax return compliance and due diligence efforts. For an S election to be valid, a corporation must satisfy strict eligibility requirements. Among these requirements, a corporation must (1) have no more than 100 shareholders, (2) have only permissible shareholders, and (3) have only one class of stock. Businesses operating as an S corporation should make sure they are familiar with these requirements in order to avoid an inadvertent termination of their S election.
For family members working in the business, the area of compensation overlaps with contentious considerations of fairness, equality, performance-management and long term engagement. This artcle itemises how families have approached this issue, and advocates some pathways to avoid disharmony.