If you are a global family and are considering an investment in the United States, you may have questions about the U.S. tax rules. Through a series of 10 key questions, answers are provided to help the non-U.S. individual investor better understand the U.S. tax system. Other takeaways, including reporting obligations and privacy concerns, may help mitigate the unintended application of U.S. tax.
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After seeing too many festivities ruined by the late arrival of tort lawyers, it’s time to pause the celebration preparation and review how to minimize the risks. Whether the planning is for a wedding, graduation party, fundraiser, or summer soiree, it’s important to prepare for what can (and often does) go wrong at celebrations and know how to mitigate the likelihood of that happening.
Finding professional service providers—including lawyers and certified accountants—can be difficult. Challenges include working with excessive complexity, conflicts of interest, and dramatic changes within the legal and accounting business model. But there are ways to address the challenges and make the most of your professional relationships.
Millions of new jobs have been created since 2010, with unemployment close to its lowest level since the late 60s. Though the U.S. has experienced one of the longest economic expansions ever, wage growth has been modest. Technological innovation and the impact of the Great Recession has altered labor market dynamics.
Talking about wealth is every bit as important as creating a technical wealth plan—if not more so. Preparing a wealth transfer plan without helping your loved ones understand how to manage those assets in their own lives leaves the true process of sharing wealth incomplete and subject to real, but avoidable, risks. In this guide, you’ll find ways to have productive conversations that give your loved ones a clear understanding of what financial assets they will receive and how to manage them well.
On June 21, 2019, the Supreme Court of the United States issued a unanimous opinion finding that North Carolina’s imposition of an income tax on trusts based solely on the residence of a trust’s beneficiaries is unconstitutional. While Kaestner 1992 Family Trust presents an obvious win for taxpayers, its application beyond the state of North Carolina could be limited.
Holistic financial planning is critical to family wealth management, and balancing financial and family issues is at the center of the process. Today’s Family Office requires highly skilled professionals to address changing tax policies, longer lifespans, and increasingly complex ownership structures and financial instruments.
2018 brought radical transformation in the federal tax landscape. The effects continue to cascade through the economy, and individuals, families and businesses are striving to find equilibrium amid the change. Of course, radical transformations can occur at the individual level as well. A good wealth plan anticipates personal disruptions, transitions and surprises. From this context, this annual outlook highlights six salient themes.
Most companies begin life small and take on private investors as a means of enhancing growth through capital buildout or expanding marketing efforts. If successful, founders of the company or newer investors may decide to monetize the value they have created, or realize that access to more diversified funding is required.
For most goals driven wealth management clients, meeting annual lifestyle needs is the top priority. This core lifestyle goal is funded by a dynamic asset allocation of risk-control assets within the Portfolio Reserve and risk assets, designed to protect annual lifestyle spending during times of market distress. This paper discusses its design, benefits, and the decision on when to activate it.