Understanding the family history can help to create a family legacy, establish sound strategy to keep future generations interested in a family business and develop philanthropic missions for these future generations.
In the post-Madoff era, the foundation and non-profit sector continues to struggle with how to invest philanthropic assets most appropriately and how to ensure that boards and staff are managing investments prudently.
Be sure that your heirs have the information they need to access your online accounts.
The five stages of raising the next wealth owning generation of a family and principals of each stage.
This paper highlights the concentration risk embedded in traditional portfolios, describes a simple risk parity strategy and demonstrates its out-performance over nearly four decades, and then delves into the more advanced portfolio construction and risk management techniques used to implement risk parity portfolios.
Social media is fun. It can create communities and even revenue streams for businesses. However, risks abound. Understanding one's personal responsibility and liability is essential to remain safe in online interactions.
It is increasingly common for estate planning attorneys to reduce estate taxes on tangible property by transferring ownership of that property from an individual to a trustee of a trust. However, this strategy can expose an entire estate to some serious potential uninsured claims.
Individuals and businesses can control rising insurance costs only by being proactive and aggressive. This article from Rothstein Kass offers guidance in assessing directors and officers insurance, professional and management liability; key property and liability insurance issues; workers compensation, employee health benefits; and disability and b...
The financial crisis has altered the investment landscape for investment managers as well as for investors. This paper from BNY Mellon looks at the results, such as increased regulatory oversight and demands for greater transparency.
The differences between the belief systems and practices of stewards and inheritors within single Asian families and the confusion they create.
While it is impossible to predict the timing or consequences of an influenza pandemic, there is little doubt among world health authorities that a significant pandemic will occur. Consequently, businesses that will survive must have a plan in place to mitigate the health, social, operational and economic impacts. This guide is intended to assist bu...
Traditional forms of insurance often provide no protection to a non-profit organization in the event of a lawsuit by an employee, a member of the organization or a contractor. Directors and officers liability insurance can offer extended coverage, protecting the organization whenever it is called upon to defend itself or its personnel.
While college students may act like teens, they legally are adults – a distinction parents may overlook as they send their children off to school. Parents are wise to plan for legal issues that may arise by establishing a durable power of attorney, a healthcare proxy, a will and trust instruments as well as waivers with the college to acquire acces...
An informed discussion of the issue can help a family see that between the two extremes of attitude toward kidnapping (avoiding the danger by staying at home or regarding it as an uncontrollable cost of doing business or traveling) there are a number of steps that can be taken to reduce the likelihood of a kidnapping.
Identity theft is a risk that grows and changes daily. Keeping up to date with the latest prevention methods is the surest way to protect oneself from the many forms that identity theft can take, including medical, credit and financial theft. This helpful checklist offers suggestions for minimizing the risk of identity theft as well as steps to tak...