Gifting may be the place to start in planning a long-term estate planning strategy, according to this paper from Wells Fargo. While gifting can be useful in transferring tax savings, it also can provide a real-time snapshot of the estate plan by allowing the giver to see how beneficiaries accept and respond to the gifts and then to change the estate plan in response.
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Although estate tax laws may be uncertain, now is the time to review estate planning documents. This report from Schiff Hardin suggests tax-reduction strategies; defines required minimum distributions from retirement accounts; details developments in tax-related state law in California, Florida, Illinois and New York; and provides information on making tax-free gifts to children and grandchildren.
This helpful paper from Century Wealth Management presents seven essential steps that will help business-owning families implement a thoughtful system of governance so their businesses can survive and thrive from generation to generation.
The financial crisis has altered the investment landscape for investment managers as well as for investors. This paper from BNY Mellon looks at the results, such as increased regulatory oversight and demands for greater transparency.
Individuals and businesses can control rising insurance costs only by being proactive and aggressive. This article from Rothstein Kass offers guidance in assessing directors and officers insurance, professional and management liability; key property and liability insurance issues; workers compensation, employee health benefits; and disability and business overhead insurance.
Treasury Inflation Protected Securities, or TIPS, offer additional portfolio diversification, provide a hedge against inflation and help preserve capital, according to this paper from State Street Global Advisors. The authors explain the benefits of TIPS indexing, looking at manager returns over a three-year period.
Inside every long-term investor is a short- and medium-term investor who recognizes the need for short-term liquidity and whose total portfolio consists of varied sub-portfolios. BNY Mellon explores the concept of multi-horizon investing in detail, focusing on the concept of sub-portfolios with different objectives, expected returns and liquidity constraints.
While last year's liquidity crisis has largely been resolved, longer-range liquidity problems remain, particularly for institutions with significant net spending outflows. This paper from Morgan Stanley provides simulations to show investors how an allocation to illiquid assets may evolve over time.
Recent cases of misappropriation of client funds, breaches of fiduciary duty, theft and bankruptcy filings underscore the importance of qualifying one's 1031 qualified intermediary. This article from Strategic Exchange Advisors includes information of interest to any investor with real estate holdings in the United States.
As social demands increase and government budgets tighten, the need to get maximum impact from increasingly scarce philanthropic funds grows. This paper from Springbanc Social Capital Advisors suggests ways to gain philanthropic leverage so that the potential positive outcome of each donation is enhanced.