Moving from home to college is a rite of passage that requires a teenager to assume more responsibility for their actions and requires a parent to respect their child's budding independence. Before college-bound teens make the move, there are important factors families need to fully consider regarding their children’s personal safety, health, liability, and financial risks.
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College years can be an exciting time for young adults, as they get their first taste of independence and being self-sufficient. However, the responsibilities of coming-of-age also comes with significant risks. Parents can help their college-bound children by following essential tips on reducing risky driving habits, managing cyber threats, and building a healthy financial lifestyle.
As threats continue to mount, understanding and managing cybersecurity risks has become top of mind for leaders in business and government. According to the Federal Trade Commission, business executives often ask how to manage confidential information. While experts agree there is no fool proof solution, there are some high-level principles for operating in the 21st century cyber threat environment.
Over the past decade, matriarchs and patriarchs of successful families have been shifting their focus from their children to a broader group of individuals, such as grandchildren, siblings, and nieces. Often, they choose to create family banks, which are typically trusts that are funded to help individuals pursue entrepreneurial opportunities, venture philanthropy, and knowledge in a structured and more-likely-to-succeed manner. Family banks can be customized to fit a family’s agenda, and the risks inherent in family banks can be thoughtfully managed.
This recorded webinar Illustrates how effective annual income tax rates for a C corporation differs, depending on whether it distributes all, part, or none of its annual earnings. This provides a more realistic base against which to compare one's tax rates as an owner of a pass-through business entity, such as an S corporation, partnership, or sole proprietorship (the latter two which may be LLCs).
Trusts classified as foreign for U.S. tax purposes, whether established under the law of a U.S. state or of an offshore jurisdiction, must review whether they have any U.S. tax or information reporting filings to make in 2019 with regard to income earned and distributions made in 2018. This article provides trust officers and family advisers with a summary checklist, including other filing and reporting requirements for foreign trusts.
Even the best laid plans or checklists for filing the various U.S. forms on time can sometimes go astray. When they do, it is prudent to request an extension to file the particular return. Careful attention should be paid to where and how to submit the request, as procedures are not necessarily the same for all returns.
There is a lot to like in the Consumer Discretionary sector, particularly for investors in search of companies with significant growth opportunities and sustainable competitive advantages. With millennials currently representing over a quarter of the U.S. population, their tendencies will have a growing influence on equity markets and play an increasingly large role in the performance of consumer stocks over time.
Private markets investments remain poised to play an increasingly important role in the portfolios of individual and family investors seeking the compelling long-term outperformance and diversification characteristics of the asset class. Understanding the basics of private markets investments and their construction is the first step toward the successful implementation within an existing portfolio.
Global investors need to have an open mind. At any given time, many countries and markets around the world may appear to be rife with risks and problems, and yet in many cases, these countries may also offer sources of return that may not be evident at first glance. The best global managers are the ones that probe below the surface and find those sources of return.