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It has always been the case that courts could consider resources available to one spouse from a trust in deciding how to divide marital property or whether to award maintenance. However, there are trends in several states to make trusts a larger part of the process of dividing assets in a divorce. Because of these trends, it is not necessarily enou...

When surveyed two years ago, U.S. family businesses were warily eyeing their next big bet but hesitant to place it. Now, they’re actively playing their hand. This report highlights the views of 100 owners, leaders and top executives of U.S. family businesses across a variety of industries.

Without a full understanding of U.S. federal gift tax and income tax issues associated with a gift of money to a U.S. child, it is easy for a nonresident alien to convert what would have been a tax-free gift to taxable income. This guide outlines the most common gift-giving mistakes and how to avoid them.

For foreign entrepreneurs seeking to bring their businesses to the United States, the EB-5 Immigrant Investor Visa may seem like the perfect fit. Looks, however, can be deceiving. Green card holders are subject immediately to U.S. federal income tax on their worldwide income and informational reporting requirements for their foreign interests.

Wealth management decisions carry an inherent risk for all investors but especially for ultra-wealthy families that require the services of a range of providers. Regardless of the advisory firm a family selects, it’s in the family’s best interest to ensure that, above all, the firm adheres to five core fiduciary principles of wealth man...

More frequent review and adjustment of asset allocation, incorporating opportunistic investing and employing flexible strategies, such as global asset allocation and global macro managers, enables investment programs to increase return and manage risk more effectively.

Wealthy investors are in a strong, positive frame of mind as the recession recedes and prospects for the economy and financial markets improve. Yet, despite this growing confidence, they face significant, unrecognized challenges in their investment and wealth strategies. This study reveals the risks wealthy individuals face as they adapt to a chall...

While challenges in the past caused the field to focus on practices to improve the efficiency and effectiveness of philanthropy, current challenges require an even deeper demand of philanthropy’s ability to address the most pressing problems of our time, amid smaller endowment values and continued economic uncertainty, government budget restr...

Entrepreneurs are, at their core, in the business of solving problems. They identify a problem, find a solution and build a business around it. At the same time, it’s hardly surprising that entrepreneurs are highly individualistic when it comes to philanthropy, applying the same creative thinking that made them successful in business.

The subject of cloud computing is often clouded, so to speak, by a lot of technical terminology and marketing hype. Here, the authors explain what cloud computing is, describe the different forms in which it comes, identify how it can be useful and address the most common concerns and pitfalls of moving to the cloud.

Technology has always outpaced regulation, and social media is no exception. This paper examines the main social media outlets, provides tips for advisors that choose to navigate these sites and lays out a best practices framework for developing a comprehensive social media policy.

Amid the rapid development of more and increasingly sophisticated financial products and services, there is still a place in the market for what the author describes as traditional banks – those long-trusted institutions on which family offices and financial advisors count for straightforward deposit and loan services.

New Hampshire has a robust set of modern trust laws, which afford settlors broad flexibility and creativity in designing trusts well suited to their specific needs and wishes. Those laws facilitate the more efficient administration of trusts and, importantly, provide a high level of certainty concerning the rights, duties and powers of settlors, be...

For wealth management organizations, the slow growth in number and assets of their target client pool is disconcerting news after a brief period of great opportunity for those firms with the proper skills and support infrastructure. The challenge going forward will be to demonstrate to existing and prospective clients that they can provide a compel...

The investment returns of the past are unlikely to be repeated going forward, as asset classes that comprise a large portion of many nonprofit portfolios are likely nearing the end of a long bull market. This will force boards to look for additional sources of return as well as more efficient ways to make required distributions.