For families contemplating a liquidity event, anticipatory pre-liquidity planning can greatly improve tax savings when using Wyoming entities, which benefit from modern trust statutes. A review of some of the strategies and structures—including blind trusts, regulated and unregulated private trust companies, and directed trusts—shows how they can also provide asset protection and retained control with an emphasis on administrative and cost efficiency.
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Retaining access to the assets in a trust is an important factor, and it can be done by creating a Wyoming Incomplete Gift Non-Grantor (WING) Trust. This one-sheeter provides a four-step overview of the WING Trust entity and transaction structure.
Can a pandemic-induced market downturn become an opportunity for investors looking to modify their portfolios? Learn how constructive changes, including going from ETFs to tax-managed SMAs, can present the best chance to improve overall portfolio health.
The global COVID-19 pandemic was certainly a black swan event that had both positive and negative impact when looking through the lens of traditional environmental, social, and governance (ESG) factors. Of note was the outperformance of sustainable investing strategies compared to their non-sustainable counterparts, which is shaping how investors think about ESG going forward.
While many are still managing the COVID-19 crisis, post-COVID-19 action plans are starting to take shape. Our discussion focuses on unpacking recent tax law changes and the impact on a family office, including key considerations—such as the sale of business goodwill and trust and estate planning—when deciding the entity choice of your operating business.
The CARES Act has brought important tax relief provisions and these, coupled with sophisticated tax planning techniques, are more effective now as asset values and interest rates have dropped. Our discussion focuses on key COVID-19 programs and wealth and tax planning ideas that may benefit your family, including making adjustments to grantor retained annuity trusts (GRATs) to maximize high-basis assets.
The current economic downturn has many business owners rethinking their transition plans and exit strategy. It may feel counterintuitive amid the COVID-19 pandemic, but now is a good time to consider a sale of business. Doing so allows for the kind of preparation that will help position and present the company from a place of strength. Planning well in advance can pay off significantly.
When entering into the emerging field of cultivating and selling cannabis, how do companies navigate the environmental issues surrounding it? This webinar covers how existing laws and regulations impact the industry, explain regulatory trends, and offers compliance tips for entrepreneurs.
Family offices and their affiliated businesses have gone through a number of transformative changes due to the disruptive nature of COVID-19. Many will qualify for COVID-19 liquidity programs. In this discussion, the RSM team focuses on the program specifics and family office considerations, including compensation options and lending provisions.
Global equity markets have rebounded despite a global pandemic, economic depression, and social unrest. A second wave of the virus remains a significant concern and is expected to result in continued stock price volatility.