By going inside the black box of life insurance products and pricing you will be in a better position to analyze current holdings therefore becoming a savvier buyer for future acquisitions. This program is designed to significantly improve understanding of life insurance products and design options as well as the level of customization available through many of today’s products. With this understanding you will be able to identify issues that can significantly impact product performance and risks.
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Conservancy, financial and tax considerations play a vital role in the succession of family owned real estate.We are please to have two nationally recognized experts Dennis Delaney and Nancy Dempze, presenting crucial tax and estate planning strategies they have used to guide families seeking to preserve legacy real estate.
Intra-family loans are becoming increasingly popular within the private wealth sector. In an ever-changing environment, this method takes advantage of low interest rates, provides more flexibility than commercial loans and minimizes tax consequences.In this program, Carol Kroch, Head of Wealth and Financial Planning at Wilmington Trust, will review the structuring basics, wealth transfer benefits, pitfalls and principles of intra-family loans.
A variety of special challenges confront families collecting art and other unique and valuable objects. It is critical for family offices to examine processes on how to secure and protect thier valuables while evaluating recovery methods in today's economic times.
Self-assessment is a process by which individuals can learn more about themselves - what they like, what they don't like, and how they tend to react to certain situations. This self-knowledge can help adults at any stage consider which life and career paths could be good "fits", deal more effectively with personal and interpersonal challenges, and see shared tasks and relationships in new lights.
92% of heirs switch their advisors after receiving their inheritances. As the Baby Boomer generation prepares to transfer an unprecedented amount of wealth to the next generation, advisors have an opportunity to support their client families to creating successful successions—and to support the long-term, sustainability of their own practices—by adapting their thinking from working with multiple generations of a family, to supporting families through a collaborative multi-generational approach.
The practical application of discretionary distribution provisions is one of the most difficult tasks a trust professional will face. It requires careful attention to the terms of the trust, an understanding of the legal framework for interpreting the terms, and the exercise of thoughtful judgment based on all the relevant facts.
According to the Substance Abuse and Mental Health Administration's (SAMHSA's) National Survey on Drug Use and Health in 2006, 23.6 million persons aged 12 or older needed treatment for an illicit drug or alcohol abuse problem (9.6 percent of the persons aged 12 or older).Most families face these issues at one time or another – but for high net worth family members, personal problems come with an additional layer of risks to the family enterprise. How can family office staff and family advisors provide appropriate support and management on behalf of a family member in crisis?
Compensation and benefits are the largest expenses for multi-family offices and wealth advisors, often representing over 50% of the firm’s expenses.In this session – a reprise and continuation of research presented at the 2009 Wealth Advisor Forum – study leaders review FOX’s latest proprietary research into the “economics of talent”.Participants in this program will gain knowledge of:
Over the past 20 years, the use of corporate structures to protect families of means has grown exponentially. Family assets that once would have been housed within in a (relatively) simple, single entity are now spread across multiple corporations, trusts, partnerships, and more.In this two-part program, an interdisciplinary team of legal, tax, and risk management professionals will discuss major wealth management structures currently used by families from a variety of perspectives.