The legal qualifications for a trustee are simple: the person must be over the age of 18 and legally competent to manage his/her own affairs. The practical qualifications, however, are much more complicated. Most importantly, a trustee must have the skill set to properly administer the trust and meet the needs of the beneficiaries and must possess ...
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More than ever before, families and individuals are creating trusts and limited liability companies and transferring legal ownership of one or more of their properties to these entities. Very often these arrangements are an important component of a family’s overall financial and wealth management strategy. But without an insurance program tha...
Investing evokes emotion, and even sophisticated investors should arm themselves with a long-term perspective and a disciplined approach. Abandoning a planned investment strategy can be costly, and research has shown that some of the most significant derailers are behavioral: the failure to rebalance, the allure of market-timing, and the temptation...
In this collection of tax alerts and articles, we provide legislative and regulatory insights to help family offices address their concerns in the following areas: estate and gift tax, charitable giving, partnerships, tax planning for non-resident entering the U.S. tax system, and tax treatment in the financial services industry.
How should an investor allocate across active and passive investments? It’s a challenging decision with numerous components, and for many investors, indexing has become a valuable starting point that leads to choosing to index their entire portfolio. But our analysis shows that for those who are comfortable with the characteristics of active ...
In a clip from the 2009 Fall Forum Peter Karoff comments about using wealth to influence social issues.
In this 2009 FOX Fall Forum presentation, Ellen Perry outlines four ways in which families of significant wealth can enhance their human capital, developing the skills and talents of the younger generation, strengthening family ties and enabling individual members and families as a whole to flourish for multiple generations.
In a discussion at the 2009 Fall Forum, Kelin Gersick, Ph.D., comments on the benefits of teaching succeeding generations to be engaged owners and not just stewards of the family legacy.
Without question, Jay Hughes has changed the thinking of most families and wealth advisors regarding how family assets are defined. Over the past 20 years, Jay and Sara Hamilton have discussed the many critical challenges that families face and the transitions that occur as they cross the generational bridges. In this 2009 FOX Fall Forum presentati...
This 2009 Financial Executives Forum presentation will focus on the latest developments in the tax law, including legislative proposals in Congress, and the implications for families of wealth and the single-family and multifamily offices that serve them. The session will also discuss a number of tax planning strategies that may be useful in the cu...
As discussed in this 2009 FOX Financial Executives Forum presentation, next generation client demographics are different from their predecessors and estate planning must reflect new attitudes about wealth, the role of women, family, education, work, retirement and inheritance. The challenge is to adapt planning for the next generation to best accom...
In reaction to the volatility in the current financial markets and economic recession, FOX is exploring ways in which ultra-wealthy individuals and their advisors are adjusting their financial strategies and re-evaluating known and emerging risks. This 2009 FOX Financial Executives Forum presentation examines how investor thinking has changed and w...
Avoid the pitfalls presented by employing domestic staff with practical advice from Teresa Leigh, founder of Teresa Leigh Household and Property Management in this 2009 FOX Financial Executives Forum session.
In this 2009 Financial Executives Forum presentation, Paul Viollis, CEO of Risk Control Strategies, leads a discussion of new and old threats to our personal safety. From terrorism to cyber security, Dr. Viollis weaves actual experiences into best practices for keeping you and your family secure.
With the emergence of "new and improved" non-traded REITs (NTRs), some investors have shrugged off the industry's checkered past, seeing NTRs as a less volatile alternative to listed REITs. However, investors may not realize they are paying higher fees for lower return potential, along with less liquidity, less diversification, and le...